3 - PS BUSINESS PARKS, INC./MD (0000866368) (Issuer)

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8-K - PS BUSINESS PARKS, INC./MD (0000866368) (Filer)

S-8 POS - PS BUSINESS PARKS, INC./MD (0000866368) (Filer)

S-8 POS - PS BUSINESS PARKS, INC./MD (0000866368) (Filer)

S-8 POS - PS BUSINESS PARKS, INC./MD (0000866368) (Filer)

Public Storage (NYSE:PSA) (the "Company") announced today the appointment of Maria R. Hawthorne to its Board of Trustees, effective immediately, with an initial term expiring at the 2025 annual meeting of shareholders. Ms. Hawthorne will serve as a member of the Audit Committee. Ms. Hawthorne brings over 35 years of real estate industry experience, including extensive executive management, operational, and leadership development experience. Ms. Hawthorne has been a member of the board of directors of Essex Property Trust, Inc. (NYSE:ESS), a REIT that acquires, develops, redevelops, and manages multifamily residential properties, since March 2020, and of ASGN Incorporated (NYSE:ASGN), a le

PHOENIX, June 17, 2021 /PRNewswire-PRWeb/ -- Integrate, the leader in B2B Precision Demand Marketing (PDM), today announced the appointment of financial and operational executive, Kristy Pipes, to its Board of Directors. Ms. Pipes has significant leadership experience building and scaling global finance departments at large, complex organizations, including Deloitte, where she served as Managing Director and Consulting Chief Financial Officer for nearly 20 years. At Deloitte, Ms. Pipes built the finance department from the ground up into an organization of 1,400 finance professionals across the U.S., India, Germany and Mexico. She also spearheaded numerous technology initiatives at Deloitte

NEW YORK, Jan. 21, 2021 (GLOBE NEWSWIRE) -- ExlService Holdings, Inc. (NASDAQ: EXLS), a leading operations management and analytics company, today announced that Kristy Pipes, an executive with significant experience managing global financial companies, has been appointed to the Company’s Board of Directors as an independent director effective January 19, 2021. Ms. Pipes is a financial expert and will be a member of the Board’s Audit Committee and the Board’s Compensation Committee. “EXL will greatly benefit from Kristy’s financial expertise and operational experience as the former CFO of Deloitte’s Consulting business, a leader in digital transformation,” said Garen Staglin, Chairman o

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) (the “Company”) today announced that it has appointed Michelle (“Meka”) Millstone-Shroff and Rebecca Owen to its Board of Trustees (the “Board”) and has named David Neithercut as Lead Independent Trustee. In addition, Public Storage announced the establishment of an advisory Long-Term Planning Committee (the “Committee”) of its Board of Trustees focused on Public Storage’s long-term planning, strategy, growth, capital allocation priorities and capital structure management. Ms. Millstone-Shroff formerly served as the Chief Customer Experience Officer at Bed Bath & Beyond and President and Chief Operating Officer for buy

GLENDALE, Calif.--(BUSINESS WIRE)--Add after last paragraph of release: "Additional Information" and "Certain Information Regarding Participants" sections. The updated release reads: PUBLIC STORAGE APPOINTS THREE NEW INDEPENDENT TRUSTEES Shankh Mitra, David Neithercut, and Paul Williams Bring Significant Financial, Real Estate Investing, and Corporate Governance Expertise and Leadership Experience Public Storage (NYSE:PSA) announced today the appointment of three new members to its Board of Trustees, effective January 1, 2021, including: Shankh Mitra, Chief Executive Officer, Chief Investment Officer and director of Welltower Inc. David Neithercut, former President and Chi

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today the appointment of three new members to its Board of Trustees, effective January 1, 2021, including: Shankh Mitra, Chief Executive Officer, Chief Investment Officer and director of Welltower Inc. David Neithercut, former President and Chief Executive Officer and current Board member of Equity Residential. Paul Williams, President of the National Association of Corporate Directors (NACD) Chicago Chapter. The Company also announced that three current Trustees, Uri P. Harkham, B. Wayne Hughes, Jr., and Daniel C. Staton, have decided to retire from the Board effective December 31, 2020. Following thes

Public Storage (NYSE:PSA) (the "Company") announced today the appointment of Maria R. Hawthorne to its Board of Trustees, effective immediately, with an initial term expiring at the 2025 annual meeting of shareholders. Ms. Hawthorne will serve as a member of the Audit Committee. Ms. Hawthorne brings over 35 years of real estate industry experience, including extensive executive management, operational, and leadership development experience. Ms. Hawthorne has been a member of the board of directors of Essex Property Trust, Inc. (NYSE:ESS), a REIT that acquires, develops, redevelops, and manages multifamily residential properties, since March 2020, and of ASGN Incorporated (NYSE:ASGN), a le

Public Storage (NYSE:PSA, the "Company"))) announced today that its Board of Trustees has declared a one-time dividend of $13.15 per common share, payable on August 4, 2022 to shareholders of record on August 1, 2022. The Company is distributing the $2.3 billion projected tax gain realized in connection with the completion on July 20, 2022 of the previously announced acquisition of PS Business Parks, Inc. ("PSB") by affiliates of Blackstone Real Estate. Public Storage, like all holders of PS Business Parks' common shares and units, received $187.50 in cash per common share and unit for its approximate 41% interest in PS Business Parks. The Company and its Board of Trustees are distributing

PS Business Parks, Inc. (NYSE:PSB) ("PSB" or the "Company") announced that, at a Special Meeting of Stockholders held earlier today, PSB stockholders voted to approve the acquisition of PSB by affiliates of Blackstone Real Estate ("Blackstone"). "I am pleased to see that our stockholders approved this transformative transaction, which will provide compelling value to our stockholders and positions the company for collective success" said Stephen W. Wilson, President and Chief Executive Officer of PSB. Subject to the satisfaction or waiver of all of the conditions to the closing of the transaction in the merger agreement, the transaction is expected to be completed on or around July 20, 20

NEW YORK, July 13, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: S&P SmallCap 600 constituent Coca-Cola Consolidated Inc. (NASD: COKE) will replace PS Business Parks Inc. (NYSE:PSB) in the S&P MidCap 400, and Green Brick Partners Inc. (NYSE:GRBK) will replace Coca-Cola Consolidated in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 20. Blackstone Inc. (NYSE:BX) is acquiring PS Business Parks in a deal expected to be completed on or about that date, pending final closing conditions.Healthcare Trust of America Inc. (NYSE:HTA) will replace Healthcare Realty Trust Inc. (NYSE:HR) in the S&P

Public Storage (NYSE:PSA) announced today it intends to release its second quarter 2022 earnings results after the market close on Thursday, August 4, 2022. A conference call is scheduled for Friday, August 5, 2022, at 9:00 a.m. (PDT) to discuss these results.     Live conference call     Domestic dial-in number: (866) 342-8591     International dial-in number: (203) 518-9713     Conference ID: PSAQ222     Simultaneous audio webcast link: PublicStorage.com, under "About Us, Investor Relations, News and Events, Event Calendar"             Conference call replay     Domestic dial-in number: (888) 219-1276     Inter

PS Business Parks, Inc. (NYSE:PSB) ("PSB" or the "Company") announced today that it expects to complete its previously announced transaction (the "Transaction") with affiliates of Blackstone Real Estate ("Blackstone") on or around July 20, 2022 following the special meeting of PSB's common stockholders on July 15, 2022. The completion of the Transaction remains subject to approval by PSB's common stockholders and other customary closing conditions. On July 8, 2022, as contemplated by the Company's merger agreement, the PSB Board of Directors declared (i) a prorated quarterly cash dividend (the "pro rata dividend") on PSB common stock and (ii) a cash dividend (the "closing cash dividend") o

Public Storage (NYSE:PSA) announced today the release of its 2022 Sustainability Report detailing how the Company's engaged and diverse team, innovative and sustainable operations, and financial fortitude continue positioning Public Storage for long-term resilience, growth, and value creation. Sustainability highlights include: Recognition by Forbes and Statista as one of "America's Best Large Employers" and by Comparably as a "Choice Employer" with an "A+" culture based on employee feedback; Creating new career paths that bolster employee satisfaction through greater role specialization and upward mobility for the property manager and customer care center teams; Increasing diversi

Public Storage (NYSE:PSA) announced today it is recognized and Certified™ by Great Place to Work® for 2022. The prestigious Great Place to Work® award is based entirely on what current employees say about their experience working at Public Storage. Great Place to Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation. "Great Place to Work Certification™ isn't something that comes easily–it takes ongoing dedication to the employee experience," said Sarah Lewis-Kulin, vice president of global recognition at Great Place to Work®. "It's the only official recogn

Public Storage (NYSE:PSA) announced today that the Company will make a virtual presentation at REITweek 2022 on Wednesday, June 8, 2022, from 9:30 a.m. to 10:00 a.m. (ET). The presentation will be webcast and available to registered REITweek participants. Registration is complimentary and accessible through Nareit's website. Company Information Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2022, we had: (i) interests in 2,797 self-storage facilities located in 39 states with approximately 199 million net rentable square feet in the United States, (ii) an approximate 35% commo

PS Business Parks, Inc. (NYSE:PSB) ("PSB" or the "Company") announced today the expiration of the "go-shop" period set forth in the previously announced definitive merger agreement with affiliates of Blackstone Real Estate ("Blackstone"), dated as of April 24, 2022 (the "merger agreement"). Under the terms of the merger agreement, Blackstone has agreed to acquire all the outstanding shares of the Company's common stock for $187.50 per share in an all-cash transaction valued at approximately $7.6 billion, including transaction expenses. The "go-shop" period expired at 11:59 p.m. (New York City time) on May 25, 2022. During the "go-shop" period, at the direction of PSB's board of directors,

Wells Fargo reiterated coverage of PS Business Parks with a rating of Equal-Weight and set a new price target of $190.00 from $163.00 previously

Wells Fargo upgraded PS Business Parks from Underweight to Equal-Weight and set a new price target of $163.00 from $155.00 previously

JP Morgan upgraded PS Business Parks from Neutral to Overweight and set a new price target of $175.00

Wells Fargo reiterated coverage of PS Business Parks with a rating of Underweight and set a new price target of $155.00 from $145.00 previously

Keybanc upgraded PS Business Parks from Underweight to Sector Weight

Public Storage (NYSE:PSA, the "Company"))) announced today that its Board of Trustees has declared a one-time dividend of $13.15 per common share, payable on August 4, 2022 to shareholders of record on August 1, 2022. The Company is distributing the $2.3 billion projected tax gain realized in connection with the completion on July 20, 2022 of the previously announced acquisition of PS Business Parks, Inc. ("PSB") by affiliates of Blackstone Real Estate. Public Storage, like all holders of PS Business Parks' common shares and units, received $187.50 in cash per common share and unit for its approximate 41% interest in PS Business Parks. The Company and its Board of Trustees are distributing

PS Business Parks, Inc. (NYSE:PSB) ("PSB" or the "Company") announced that, at a Special Meeting of Stockholders held earlier today, PSB stockholders voted to approve the acquisition of PSB by affiliates of Blackstone Real Estate ("Blackstone"). "I am pleased to see that our stockholders approved this transformative transaction, which will provide compelling value to our stockholders and positions the company for collective success" said Stephen W. Wilson, President and Chief Executive Officer of PSB. Subject to the satisfaction or waiver of all of the conditions to the closing of the transaction in the merger agreement, the transaction is expected to be completed on or around July 20, 20

Public Storage (NYSE:PSA) announced today it intends to release its second quarter 2022 earnings results after the market close on Thursday, August 4, 2022. A conference call is scheduled for Friday, August 5, 2022, at 9:00 a.m. (PDT) to discuss these results.     Live conference call     Domestic dial-in number: (866) 342-8591     International dial-in number: (203) 518-9713     Conference ID: PSAQ222     Simultaneous audio webcast link: PublicStorage.com, under "About Us, Investor Relations, News and Events, Event Calendar"             Conference call replay     Domestic dial-in number: (888) 219-1276     Inter

PS Business Parks, Inc. (NYSE:PSB) ("PSB" or the "Company") announced today that it expects to complete its previously announced transaction (the "Transaction") with affiliates of Blackstone Real Estate ("Blackstone") on or around July 20, 2022 following the special meeting of PSB's common stockholders on July 15, 2022. The completion of the Transaction remains subject to approval by PSB's common stockholders and other customary closing conditions. On July 8, 2022, as contemplated by the Company's merger agreement, the PSB Board of Directors declared (i) a prorated quarterly cash dividend (the "pro rata dividend") on PSB common stock and (ii) a cash dividend (the "closing cash dividend") o

Public Storage (NYSE:PSA) announced today the release of its 2022 Sustainability Report detailing how the Company's engaged and diverse team, innovative and sustainable operations, and financial fortitude continue positioning Public Storage for long-term resilience, growth, and value creation. Sustainability highlights include: Recognition by Forbes and Statista as one of "America's Best Large Employers" and by Comparably as a "Choice Employer" with an "A+" culture based on employee feedback; Creating new career paths that bolster employee satisfaction through greater role specialization and upward mobility for the property manager and customer care center teams; Increasing diversi

Public Storage (NYSE:PSA) announced today it is recognized and Certified™ by Great Place to Work® for 2022. The prestigious Great Place to Work® award is based entirely on what current employees say about their experience working at Public Storage. Great Place to Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation. "Great Place to Work Certification™ isn't something that comes easily–it takes ongoing dedication to the employee experience," said Sarah Lewis-Kulin, vice president of global recognition at Great Place to Work®. "It's the only official recogn

Public Storage (NYSE:PSA) announced today that the Company will make a virtual presentation at REITweek 2022 on Wednesday, June 8, 2022, from 9:30 a.m. to 10:00 a.m. (ET). The presentation will be webcast and available to registered REITweek participants. Registration is complimentary and accessible through Nareit's website. Company Information Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2022, we had: (i) interests in 2,797 self-storage facilities located in 39 states with approximately 199 million net rentable square feet in the United States, (ii) an approximate 35% commo

PS Business Parks, Inc. (NYSE:PSB) ("PSB" or the "Company") announced today the expiration of the "go-shop" period set forth in the previously announced definitive merger agreement with affiliates of Blackstone Real Estate ("Blackstone"), dated as of April 24, 2022 (the "merger agreement"). Under the terms of the merger agreement, Blackstone has agreed to acquire all the outstanding shares of the Company's common stock for $187.50 per share in an all-cash transaction valued at approximately $7.6 billion, including transaction expenses. The "go-shop" period expired at 11:59 p.m. (New York City time) on May 25, 2022. During the "go-shop" period, at the direction of PSB's board of directors,

PS Business Parks, Inc. (NYSE:PSB), a real estate investment trust ("REIT"), today announced financial and operating results for the quarter ended March 31, 2022. Financial and Operational Highlights for the Three Months Ended March 31, 2022 Net income allocable to common stockholders for the three months ended March 31, 2022 was $72.0 million, or $2.60 per diluted common share. FFO for the three months ended March 31, 2022 was $1.65 per share, representing a 1.2% decrease from the same period in 2021. Core FFO for the three months ended March 31, 2022 was $1.82 per share, representing a 9.0% increase from the same period in 2021. Cash NOI for the total portfolio was $78.1 million

Public Storage (NYSE:PSA) ("Public Storage" or the "Company") today provided certain updates as to the impact on Public Storage of the agreed acquisition by affiliates of Blackstone Real Estate ("Blackstone") of PS Business Parks, Inc. (NYSE:PSB) ("PS Business Parks"), which was announced today. Upon consummation of the transaction, Public Storage, like all holders of PS Business Parks' common shares and units, would receive $187.50 in cash per PS Business Parks common share or unit. Public Storage holds an approximate 41% common equity interest in PS Business Parks through approximately 7.2 million common shares and 7.3 million limited partnership units. Public Storage expects to receive