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Public Storage (PSA) CEO Joseph Russell on Q2 2021 Results - Earnings Call Transcript

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Public Storage (NYSE:PSA) Q2 2021 Earnings Conference Call August 4, 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

Juan Sanabria - BMO Capital Markets

Steve Sakwa - Evercore ISI

Michael Goldsmith - UBS

Smedes Rose - Citi

Ki Bin Kim - Truist

Ronald Kamdem - Morgan Stanley

Mike Mueller - J.P. Morgan


Ladies and gentlemen, thank you for standing by, and welcome to the Public Storage Second 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 for joining us for our second 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, August 4, 2021, and we assume no obligation to update, revise or supplement these statements they become untrue because of subsequent of this. A reconciliation to GAAP of the non-GAAP financial measures we provide on this call is included in our earnings release. You can find our press 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, after two, if you have further questions, please feel free to jump back in the queue.

With that, I'll turn the call over to Joe.

Joseph Russell

Thanks, Ryan. Good morning, and thank you for

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