Public Storage (PSA) CEO Joe Russell on Q4 2021 Results - Earnings Call Transcript

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Q4: 2022-02-22 Earnings Summary

EPS of $3.17 beats by $1.00
 | Revenue of $869.72M (16.19% Y/Y) misses by $46.96M

Public Storage (NYSE:PSA) Q4 2021 Results Conference Call February 23, 2022 12:00 PM ET

Company Participants

Ryan Burke - VP, IR
Joe Russell - President and CEO
Tom Boyle - SVP and CFO

Conference Call Participants

Elvis Rodriguez - Bank of America
Michael Goldsmith - UBS
Jonathan Hughes - Raymond James
Todd Thomas - KeyBanc Capital Markets
Spenser Allaway - Green Street
Caitlin Burrows - Goldman Sachs
Smedes Rose - Citi
Samir Khanal - Evercore
Mike Mueller - JP Morgan
Ronald Kamdem - Morgan Stanley
Keegan Carl - Berenberg
Ki Bin Kim - Truist
Juan Sanabria - BMO Capital Markets

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Public Storage Fourth Quarter 2021 Earnings Call. At this time, all participants have been placed in a listen-only mode and the phone will be opened for your questions following the presentation. [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, Katherine. Hello, everyone. Thank you for joining us for our fourth 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, February 23, 2022, and we assume no obligation to update, revise or supplement statements that could become untrue because of subsequent events.

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

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