PS Business Parks Earnings Advance 21% In Q1

(RTTNews) - PS Business Parks (PSB) announced a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line climbed to $52.96 million, or $1.52 per share. This was up from $43.69 million, or $1.26 per share, in last year's first quarter.

The company said revenue for the quarter rose 4.4% to $100.19 million. This was up from $95.97 million last year.

PS Business Parks earnings at a glance:

-Earnings (Q1): $52.96 Mln. vs. $43.69 Mln. last year. -Earnings Growth (Y-o-Y): 21.2% -EPS (Q1): $1.52 vs. $1.26 last year. -EPS Growth (Y-o-Y): 20.6% -Revenue (Q1): $100.19 Mln vs. $95.97 Mln last year. -Revenue Change (Y-o-Y): 4.4%