The Board of Directors of PS Business Parks, Inc. (NYSE:PSB) has declared a quarterly distribution of $0.403125 on each of the Company’s depositary shares representing 1/1,000 of a share of its 6.450% Series S preferred stock. Distributions are payable June 28, 2012 to shareholders of record on June 13, 2012. The distribution amount was incorrectly stated in the earnings release issued earlier today.
PS Business Parks, Inc., a member of the S&P SmallCap 600, is a self-advised and self-managed real estate investment trust (“REIT”) that acquires, develops, owns and operates commercial properties, primarily multi-tenant flex, office and industrial space. The Company defines “flex” space as buildings that are configured with a combination of office and warehouse space and can be designed to fit a number of uses (including office, assembly, showroom, laboratory, light manufacturing and warehouse space). As of March 31, 2012, the Company wholly owned 27.2 million rentable square feet with approximately 4,400 customers located in eight states, concentrated in California (11.1 million sq. ft.), Virginia (4.2 million sq. ft.), Florida (3.7 million sq. ft.), Texas (3.3 million sq. ft.), Maryland (2.4 million sq. ft.), Oregon (1.3 million sq. ft.), Arizona (0.7 million sq. ft.) and Washington (0.5 million sq. ft.).
Additional information about PS Business Parks, Inc. is available on the Internet. The Company’s website is www.psbusinessparks.com.