REIT Prices Depositary Shares

PS Business Parks Inc., Glendale, Calif., has priced a public offering of 6 million depositary shares, each representing a tiny fraction of a share of preferred stock, at $25 per share.Each depositary share represents one-thousandth of a share of the company's series H 7.000% cumulative preferred stock. The company granted the underwriters an option to buy up to 900,000 additional shares to cover any overallotments. Citigroup was the lead manager of the offering. PS Business Parks, an equity real estate investment trust, can be found online at http://www.psbusinessparks.com.