Back to top

PS Business Parks (PSB)

Read MoreHide Full Article

PS Business Parks (PSB) 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.




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


PS Business Parks, Inc. (PSB) - free report >>


More from Zacks Bull of the Day

You May Like