Press release

PS Business Parks, Inc. Declares Quarterly Dividend to Be Paid in the Third Quarter 2022

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PS Business Parks, Inc. (“PSB”) today announced that on September 2, 2022, its Board of Directors declared a quarterly dividend on various series of depository shares, each representing 1/1,000 of a share of preferred stock in the following amounts:

Series

Dividend Amount

Series X

$0.328125

Series Y

$0.325000

Series Z

$0.304688

Distributions for shares of preferred stock will be payable on September 30, 2022 to stockholders of record as of the close of business on September 15, 2022.

About PS Business Parks

Information about PS Business Parks, Inc. is available on the Company’s investor relations website, which can be found at ir.psbusinessparks.com.