PS Business Parks (PSB)

PS Business Parks (PSB - Analyst Report) reported strong third quarter 2011 results with healthy year-over-year increase in revenue and earnings. PS Business Parks owns and operates commercial real estate properties in diversified markets, which can be easily configured to suit a variety of uses to minimize downside risk and generate a steady source of revenue.

The company also has a strong balance sheet with adequate liquidity and minimal debt maturities. Over the last five years, PS Business Parks shares have traded in a range of 6.3X to 20.5X trailing 12-month FFO. The stock is also trading at a discount to the peer group, based on forward FFO estimates.

Our long-term Outperform recommendation on the stock indicates that it would perform well above the broader market. Our target price of $66.00, 14.1X 2011 FFO/share, factors in this view.

PS Business Parks (PSB) : FULL ANALYST REPORT

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Read the full analyst report on PSB

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Email	Print	Share	Rate Pos	Rate Neg

Zacks Blog: PS Business Parks Revert to Neutral
(PSB, FR)	03/29/12

Zacks Blog: PSB Beats FFO Estimates
(WFC, PSB)	02/22/12

Zacks Blog: PSB Augments Northern CA Portfolio
(WFC, PSB)	12/21/11

Zacks Blog: Zacks Bull and Bear of the Day Highlights: PS Business, Linear Technology, Timken, Caterpillar and Wal-Mart Stores
(PSB, LLTC, TKR, CAT, WMT)	12/12/11

Zacks Blog: PSB Reiterated at Outperform
(PSB, FR)	12/08/11

DJIA	12529.75	33.60	0.27%
NASD	2839.38	-10.74	-0.38%
S&P 500	1320.68	1.82	0.14%

PS Business Parks (PSB)

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