PS Business Parks Inc (PSB) Stock
PSB is no longer traded. PS Business Parks was acquired by Blackstone on July 20, 2022.
Each PSB share was exchanged for $187.50 in cash. Prices on this page are historical; the last trade was July 19, 2022 at $187.44.
PS Business Parks stock price history
PSB final trading statistics
- Final close
- $187.44
- Final trading day
- Jul 19, 2022
- Market cap at delisting
- $5.18B
- Shares outstanding
- 27.63M
- Final 52-week range
- $149.58 – $189.83
- Avg. volume (final 3 mo.)
- 551,364
- All-time high (split-adj.)
- $187.44 · Jul 2022
- All-time low (split-adj.)
- $2.07 · Apr 1991
- Return since IPO
- +7542.5%
- Beta
- 0.44
- Book value / share
- $35.50
- Price / book
- 5.28
PS Business Parks annual financials
| Fiscal year | Revenue | Net income | EPS |
|---|---|---|---|
| FY2021 | $438.70M | $448.8M | $1.21 |
| FY2020 | $415.62M | $173.5M | $3.72 |
| FY2019 | $429.85M | $175.0M | $2.93 |
| FY2018 | $413.52M | $226.7M | $2.90 |
| FY2017 | $402.18M | $155.0M | $3.66 |
Last five fiscal years reported before the delisting; fiscal year ending December. EPS is adjusted (non-GAAP) EPS as reported. Source: company filings via EODHD.
About PS Business Parks Inc
PS Business Parks, Inc., a member of the S&P MidCap 400, is a REIT that acquires, develops, owns, and operates commercial properties, primarily multi-tenant industrial, flex, and office space. As of September 30, 2020, the Company wholly owned 27.5 million rentable square feet with approximately 5,000 commercial customers in six states. The Company also held a 95.0% interest in a 395-unit apartment complex and a 98.2% interest in a development of a 411-unit multifamily apartment complex.
PS Business Parks stock FAQ
What happened to PS Business Parks stock?
PS Business Parks was acquired by Blackstone on July 20, 2022. Shareholders received $187.50 in cash for each share. PSB stock stopped trading on the NYSE, with a final close of $187.44 on July 19, 2022.
What did PS Business Parks shareholders receive?
Each PSB share was converted into $187.50 in cash. The deal was valued at about $7.6 billion.
Is PSB stock still trading?
No. PSB was delisted from the NYSE on July 20, 2022 and no longer trades on a U.S. exchange.
What was the last price of PSB stock?
PSB closed at $187.44 on its final trading day, July 19, 2022, for a market value of about $5.18B.
What were PS Business Parks's revenue and earnings in its last full fiscal year?
PS Business Parks reported revenue of $438.70M and net income of $448.8M in fiscal 2021, its last full year as a public company.
When did PS Business Parks go public?
PS Business Parks Inc stock began trading on March 27, 1991.