Why PS Business Parks Soared in 2021
The past year was a particularly good one for shareholders of PS Business Parks (NYSE: PSB), a mixed-use real estate investment trust (REIT) that saw its stock jump 38.6% in 2021, according to data provided by S&P Global Market Intelligence. That performance was capped by a Dec. 1 declaration of a special dividend of $4.60 per share on top of the $1.05 per share the REIT had already announced for the fourth quarter.
While the stock has dipped 3.6% in 2022 as of Monday's closing price, it's still running well ahead of the pack, with year-over-year performance of nearly 37%, compared to about 22% for the S&P 500 over the same period. The dividend gives it a year-over-year total return of nearly 44% -- not bad at all for a relatively conservative real estate investment.
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Source Fool.com
