Public Storage (PSA) CEO Joseph Russell on Q1 2021 Results - Earnings Call Transcript

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Q1: 2021-04-28 Earnings Summary

EPS of $2.21 beats by $0.41
 | Revenue of $767.26M (7.15% Y/Y) beats by $11.93M

Public Storage (NYSE:PSA) Q1 2021 Earnings Conference Call April 29, 2021 12:00 PM ET

Company Participants

Ryan Burke - VP, IR
Joseph Russell - CEO, President & Trustee
Thomas Boyle - CFO & SVP

Conference Call Participants

Jeffrey Spector - Bank of America Merrill Lynch
Juan Sanabria - BMO Capital Markets
Todd Thomas - KeyBanc Capital Markets
Smedes Rose - Citigroup
Samir Khanal - Evercore ISI
Richard Hill - Morgan Stanley
Ki Bin Kim - Truist Securities
David Balaguer - Green Street
Todd Stender - Wells Fargo Securities
Michael Mueller - JPMorgan Chase & Co.

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Public Storage First Quarter 2021 Earnings Call. [Operator Instructions].

It is now my pleasure to turn the floor over to Ryan Burke, Vice President of Investor Relations. Ryan, you may begin.

Ryan Burke

Thank you, Angela. Hello, everyone. Thank you for joining us for our first quarter 2021 earnings call. I'm here with Joe Russell and Tom Boyle.

Before we begin, we want to remind you that certain matters discussed during this call may constitute forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are subject to certain economic risks and uncertainties.

All forward-looking statements speak only as of today, April 29, 2021, and we assume no obligation to update, revise or supplement these statements they become untrue because of subsequent events. A reconciliation to GAAP of the non-GAAP financial measures we've applied on this call is included in our earnings release. You can find our earnings release, supplement report, SEC reports and an audio replay of this conference call on our website at publicstorage.com.

We do ask that you initially limit yourself to 2 questions. Of course, if you have more beyond that, please feel free to jump back in

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