Public Storage's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Public Storage (PSA)

Q1 2012 Earnings Call

May 04, 2012 1:00 pm ET

Executives

Clemente Teng - Vice President of Investor Services

John Reyes - Chief Financial Officer, Principal Accounting Officer and Senior Vice President

Ronald L. Havner - Chairman, Chief Executive Officer and President

Analysts

Christy McElroy - UBS Investment Bank, Research Division

Todd M. Thomas - KeyBanc Capital Markets Inc., Research Division

Michael Bilerman - Citigroup Inc, Research Division

Smedes Rose - Keefe, Bruyette, & Woods, Inc., Research Division

Ki Bin Kim - Macquarie Research

Michael Knott - Green Street Advisors, Inc., Research Division

Paula J. Poskon - Robert W. Baird & Co. Incorporated, Research Division

Michael W. Mueller - JP Morgan Chase & Co, Research Division

Swaroop Yalla - Morgan Stanley, Research Division

Presentation

Operator

Good afternoon. My name is Jackie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Public Storage First Quarter 2012 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Clem Teng. Mr. Teng, please go ahead.

Clemente Teng

Good morning, and thank you for joining us for our first quarter earnings call. Here with me today are Ron Havner and John Reyes. All statements other than statements of historical facts included in this conference call are forward-looking statements, subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected in these statements. These risks and other factors that could adversely affect our business and future results are described in today's earnings press release and in our reports filed with the SEC. All forward-looking statements speak only as of today, May 4, 2012, and we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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