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Public Storage (PSA) Q4 2020 Earnings Call Transcript


Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Public Storage Fourth Quarter and Full-Year 2020 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
Vice President of Investor Relations
Thank you, Erika. Hello everyone, thank you for joining us for our fourth quarter 2020 earnings call. I m here with Joe Russell and Tom Boyle.
Before we begin, we want to remind you that aside from those of historical fact all statements on this call are forward-looking in nature and are subject to risks and uncertainties that could cause actual results to differ materially from those statements. These risks and other factors could adversely affect our business and future results are described in yesterday s earnings release and in our reports filed with the SEC. All forward-looking statements speak only as of today, February 25 ....

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Public Storage Issues Statement


Press release content from Business Wire. The AP news staff was not involved in its creation.
Public Storage Issues Statement
GLENDALE, Calif. (BUSINESS WIRE) Dec 14, 2020
Public Storage (NYSE:PSA) today issued the following statement in response to a letter from Elliott Associates, L.P. and Elliott International, L.P. (together, “Elliott”):
The Public Storage Board of Trustees and management team are committed to serving the best interests of the Company and its shareholders, and will continue to take decisive action to drive sustainable value creation.
Public Storage is the world’s largest owner, operator, and developer of self-storage properties, with a $46 billion total market capitalization. This success has come through executing strategies that promote the long-term resilience of its properties and of the Company, as well as enhancing shareholder value, resulting in the generation of 20-year Compounded Annual Growth Rates (CAGR) of: 7% for core fu ....

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