PreferredStockChannel
PS Business Parks Inc | 6.45% Cumulative Preferred Stock, Series S (PSB.PRS)

This preferred is marked as having been called.
Prospectus excerpt:  We are selling 8,000,000 Depositary Shares each representing 1/1,000 of a share of our 6.45% Cumulative Preferred Stock, Series S. The shares of Preferred Stock represented by the Depositary Shares will be deposited with American Stock Transfer & Trust Company as depositary. As a holder of Depositary Shares, you will be entitled to all proportional rights, preferences and privileges of the Preferred Stock. We have granted the underwriters an option to purchase up to 1,200,000 additional Depositary Shares to cover over allotments.

Full Prospectus PDF », Secondary Prospectus PDF », PSB Page »

Series:S
Alternate symbology:PSB-S, PSB-PS, PSBprS
Redeemable?:Yes
Call Date:1/18/2017 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:8,000,000
Overallotment:1,200,000
Liquidation Preference:$25.00
Original Coupon:6.45%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn PSB.PRS's Rating
PS Business Parks is a self-advised and self-managed real estate investment trust that owns, operates, acquires and develops commercial properties, primarily multi-tenant industrial, flex and office space. Substantially all of Co.'s assets are held, and its business is conducted, through PS Business Parks, L.P., a California limited partnership. Co. owns and operates commercial space, comprising business parks and buildings located in California, Texas, Virginia, Florida, Maryland and Washington. Co. owns flex space, representing industrial buildings that are configured with a combination of warehouse and office space and can be designed to fit a variety of use types.

Preferreds: PSB.PRP, PSB.PRR, PSB.PRS, PSB.PRT, PSB.PRU, PSB.PRV, PSB.PRW, PSBXP, PSBYP, PSBZP


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Name: 
PS Business Parks Inc
Website: 
www.psbusinessparks.com
Sector: 
REITs

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