CALIFORNIA | LOCAL
March 21, 2000
PS Business Parks Inc. in Glendale reported net income for the fourth quarter ended Dec. 31 of $9.6 million, compared with $8.3 million for the fourth quarter of fiscal 1998. Revenues rose to $34.8 million from $27.3 million. For the year ended Dec. 31, net income rose to $37.8 million from $29.4 million. Revenues climbed to $128.6 million from $90.3 million. PS Business Parks is a real estate trust that acquires and develops commercial properties.
March 17, 1998 |
The country's largest self-storage firm, Glendale-based Public Storage Inc., or PSI, is spinning off its office and industrial holdings into a new publicly held real estate investment trust. The new REIT, an owner of 60 business parks, primarily in California, Texas and Virginia, will be renamed PS Business Parks and is expected to begin trading on the American Stock Exchange today under the ticker symbol PSB.
CALIFORNIA | LOCAL
March 7, 2000
PS Business Parks Inc., Glendale, said it has authorized the repurchase from time to time of up to 1 million shares of the company's common stock on the open market or in privately negotiated transactions, subject to market conditions. PSB, an equity real estate investment trust, acquires, owns and operates business parks in 11 states.
November 8, 2002 |
Billionaire Bradley Wayne Hughes is retiring as chief executive of Public Storage Inc., the Glendale company he co-founded 30 years ago and built into the largest owner of self-storage warehouses. Hughes, 69, will continue as chairman of the board. Ronald Havner, chairman and chief executive of PS Business Parks Inc., will succeed Hughes as Public Storage's chief executive.
August 18, 1998
The following REITs are based in Southern California. The chart shows their closing prices as of Friday, their low and high share prices during the last year and their yield per share. *--* Ticker Friday Southern California REITs symbol Exchange close Low** High** Alexander Haagen Properties* ACH AMEX $13.13 $12.38 $18.25 Alexandria Real Estate Equities ARE NYSE 29.19 25.56 34.56 American Residential INV NYSE 8.56 8.13 16.75 Investment Trust Angeles Mortgage ANM AMEX 17.63 15.13 19.