Preferred Stock Channel
PS Business Parks Inc | 5.25% Cumulative Preferred Stock, Series X (PSB.PRX)

Prospectus excerpt:  8,000,000 Depositary Shares each representing 1/1,000 of a share of our 5.25% Cumulative Preferred Stock, Series X (1,200,000 Depositary Shares if the underwritersĂ over-allotment option is exercised in full) (the ˘Preferred Stock÷).

Full Prospectus PDF », PSB Page »

Series:X
Alternate symbology:PSB-X, PSB-PX, PSBprX
Redeemable?:Yes
Call Date:9/21/2022
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:8,000,000
Overallotment:1200000
Liquidation Preference:$25
Recent Market Price:$26.22
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$1.22 (4.88%)
Annualized Dividend:1.3124
Recent Ex-Date:6/12/2020
Current Yield:5.00%
Original Coupon:5.25%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
PS Business Parks is a self-advised and self-managed real estate investment trust that owns, operates, acquires and develops commercial properties, primarily multi-tenant industrial, flex and office space. Substantially all of Co.'s assets are held, and its business conducted, through PS Business Parks, L.P. Co. owns and operates commercial space, comprising business parks, in California, Texas, Virginia, Florida, Maryland and Washington. Co. owns flex space, representing industrial buildings that are configured with a combination of warehouse and office space and can be designed to fit a variety of uses.

Preferreds: PSB.PRS, PSB.PRP, PSB.PRR, PSB.PRT, PSB.PRU, PSB.PRV, PSB.PRW, PSB.PRX, PSB.PRY, PSB.PRZ


Open the PSB Information Page »
Name:  PS Business Parks Inc
Website:  www.psbusinessparks.com
Sector:  REITs
Number of ETFs Holding PSB:  62 (see which ones)
Total Market Value Held by ETFs:  $793,662,312
Total Market Capitalization:  $3,791,000,000
% of Market Cap. Held by ETFs:  20.94%

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