Public Storage (PSA) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.137 Greetings and welcome to Public Storage first quarter 2026 earnings conference 00:00:05.137 -- 00:00:09.381 call. At this time, all participants are on a listen-only mode. 00:00:09.381 -- 00:00:13.405 A question and answer session will follow the formal presentation. 00:00:13.405 -- 00:00:18.411 If you'd like to gain access to the queue, please use the command star 1 on your telephone 00:00:18.411 -- 00:00:23.576 keypad. If anyone should require operator assistance during the conference, please 00:00:23.576 -- 00:00:29.731 press star 0 on your telephone keypad. As a reminder, this conference is being recorded. 00:00:29.731 -- 00:00:34.017 I would now like to turn the conference over to your host, Brandon Reagan. 00:00:34.017 -- 00:00:35.059 Thank you. You may begin. 00:00:35.059 -- 00:00:37.059 Thank 00:00:38.324 -- 00:00:41.829 you, operator. Hello, everyone, and thank you for joining us for our first quarter 2026 00:00:41.829 -- 00:00:47.958 earnings call. I'm here with the public storage leadership team, Tom Boyle and Joe Fisher. 00:00:47.958 -- 00:00:51.883 Before we begin, we want to remind you that certain matters discussed during this call 00:00:51.883 -- 00:00:55.328 may constitute forward-looking statements within the meaning of the federal securities 00:00:55.328 -- 00:01:01.648 laws. These forward-looking statements are subject to certain economic risks and uncertainties. 00:01:01.648 -- 00:01:06.733 All forward-looking statements speak only as of today, April 28, 2026, 00:01:06.917 -- 00:01:11.886 and we assume no obligation to update, revise, or supplement statements that become untrue 00:01:11.886 -- 00:01:14.667 because of subsequent events. 00:01:14.670 -- 00:01:19.238 A reconciliation to GAAP of the non-GAAP financ...