PS Business Parks Q1 adjusted earnings of $1.59 per share

(RTTNews) - PS Business Parks (PSB) reported earnings for its first quarter that increased from last year.

The company's bottom line came in at $46.05 million, or $1.69 per share. This compares with $26.39 million, or $0.97 per share, in last year's first quarter.

Excluding items, PS Business Parks reported adjusted earnings of $55.58 million or $1.59 per share for the period.

The company's revenue for the quarter rose 3.7% to $103.76 million from $100.06 million last year.

PS Business Parks earnings at a glance:

-Earnings (Q1): $55.58 Mln. vs. $52.96 Mln. last year. -EPS (Q1): $1.59 vs. $1.52 last year. -Revenue (Q1): $103.76 Mln vs. $100.06 Mln last year.