Public Storage (NYSE:PSA) Q3 2024 Earnings Conference Call October 31, 2024 12:00 PM ET
Company Participants
Ryan Burke - Vice President, Investor Relations & Strategic Partnerships
Joe Russell - President & Chief Executive Officer
Tom Boyle - Chief Financial Officer
Conference Call Participants
Jeff Spector - Bank of America
Michael Goldsmith - UBS
Samir Khanal - Evercore ISI
Eric Wolfe - Citi
Eric Luebchow - Wells Fargo
Nicholas Yulico - Scotiabank
Spenser Allaway - Green Street Advisors
Juan Sanabria - BMO Capital Markets
Todd Thomas - KeyBanc Capital Markets
Ron Kamdem - Morgan Stanley
Caitlin Burrows - Goldman Sachs
Brendan Lynch - Barclays
Ki Bin Kim - Truist Securities
Mike Mueller - JPMorgan
Operator
Greetings and welcome to Public Storage Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder this conference is being recorded.
I would now like to turn the conference over to your host, Mr. Ryan Burke. Thank you. You may begin.
Ryan Burke
Thank you, Rob. Hello, everyone. Thank you for joining us for our third quarter 2024 earnings call. I'm here with Joe Russell and Tom Boyle.
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 October 31, 2024 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 earnings release, supplement report, SEC reports, and an audio replay of this conference call on our website, publicstorage.com.
We do ask that you initially limit yourselves to two questions. Of course after that if you have more feel free to jump back in queue.
With that, I'll turn it over to Joe.
Joe Russell
Thank you, Ryan, and thank you all for joining us today. Tom and I will walk you through our recent performance and updated views. Then we'll open the call up for Q&A.
As we anticipated, operating fundamentals are stabilizing across our portfolio in the broader industry. We started the year with sequential revenue growth acceleration in a handful of markets. We are now achieving acceleration across most markets and expect the trend to continue. The improvement will be gradual and take some time to be fully reflected in our reported financial results.