Public Storage (PSA) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to Public Storage first quarter 2026 earnings conference call. At this time, all participants are on a listen-only mode. A question and answer session will follow the formal presentation. If you'd like to gain access to the queue, please use the command star 1 on your telephone keypad. If anyone should require operator assistance during the conference, please press star 0 on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Brandon Reagan. Thank you. You may begin. Thank you, operator. Hello, everyone, and thank you for joining us for our first quarter 2026 earnings call. I'm here with the public storage leadership team, Tom Boyle and Joe Fisher. 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 28, 2026, and we assume no obligation to update, revise, or supplement statements that 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 at our investor relations website, investors.publicstorage.com. We ask that you initially limit yourself to two questions. However, if you have additional questions, please feel free to jump back into queue. With that, I'll turn the call over to Tom Boyle. Good morning, everyone, and thank you for joining us. I'll frame my comments this morning ...