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Monday, Jun 5, 2023

PS Business Park Reports Strong Income Increases

PS Business Parks Inc. today reported net income attributable to shareholders of $14.3 million or $0.65 per share for the third quarter ended Sept. 30, compared with $2.8 million or $0.13 per share for the comparable period a year ago. The Glendale-based real estate investment trust reported operating revenues increased to $54.8 million for the same period, compared with $53.1 million a year ago. On a same park basis, PS saw revenues of $54.7 million for the third quarter, compared to $53.0 million for the third quarter of 2004. Net operating income on a same park basis increased 3.7 percent to $38.5 million, the company said.

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