Public Storage (PSA) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to Public Storage second 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. At that time, if you'd like to ask a question, please press 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 comments over to your host, Jed Roggin. Thank you. You may begin. Thank you, operator. Hello, everyone, and thank you for joining us for our second quarter 2026 earnings call. I'm here with 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, July 30, 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 the queue. With that, I'll turn the call over to Tom Boyle. Good morning, everyone, and thank you for joining us. Our second quarter marked the start of our new era at public storage, what we ca...