PS Business Parks Earnings Advance 15% In Q4

(RTTNews) - PS Business Parks (PSB) announced a profit for its fourth quarter that gained ground compared to the same period last year.

The company said its bottom line advanced to $45.1 million, or $1.31 per share. This was higher than $39.3 million, or $1.15 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.5% to $94.68 million. This was up from $91.49 million last year.

PS Business Parks earnings at a glance:

-Earnings (Q4): $45.1 Mln. vs. $39.3 Mln. last year. -Earnings Growth (Y-o-Y): 14.8% -EPS (Q4): $1.31 vs. $1.15 last year. -EPS Growth (Y-o-Y): 13.9% -Analysts Estimate: $1.25 -Revenue (Q4): $94.68 Mln vs. $91.49 Mln last year. -Revenue Change (Y-o-Y): 3.5%