PS Business Parks, Inc. Announces Addition to the S&P MidCap 400 Index
April 05 2019 - 5:49PM
Business Wire
PS Business Parks, Inc. (NYSE:PSB) announced today that it will
be added to the S&P MidCap 400. The Company will be
removed from its current membership in the S&P SmallCap 600 and
added to the S&P MidCap 400 effective at the open of trading on
Thursday, April 11, 2019.
"Our addition to the S&P MidCap 400 Index is a very exciting
milestone for our company," said Maria Hawthorne, Chief
Executive Officer. “In over 20 years as a public REIT, we have
created a track record of consistent market outperformance, and we
are pleased with how the market has responded to our pattern of
success in terms of our growing market capitalization. As an
S&P MidCap 400 member, we look forward to continuing to provide
our shareholders with the strong operating results and prudent
capital allocation that they have learned to expect from us over
time.”
Company Information
PS Business Parks, Inc. is a real estate investment trust
(“REIT”) that acquires, develops, owns and operates commercial
properties, primarily multi-tenant industrial, flex and office
space. As of March 31, 2019, the Company wholly owned
28.2 million rentable square feet with approximately 5,050
commercial customers concentrated in six states and held a 95.0%
interest in a 395-unit apartment complex.
Additional information about PS Business Parks, Inc. is
available on the Company’s website which can be found at
psbusinessparks.com.
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Jeff Hedges(818) 244-8080, Ext. 1649
PS Business Parks (NYSE:PSB)
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