Elliott Statement on Public Storage Investor Day

Rhea-AI Summary

Elliott Investment Management L.P. issued a statement on May 4, 2021, highlighting Public Storage's recent Investor Day presentation. Portfolio Manager Johannes Weber commended the company's efforts in enhancing transparency and investor communication. He expressed optimism regarding the management's commitment to implement changes that are expected to positively impact Public Storage's financial performance as the company explores substantial growth opportunities. Elliott manages over $42 billion in assets and aims to support long-term value creation for its investments.

Positive

• Increased transparency and investor communication noted by Elliott.
• Commitment to change from management observed during the Investor Day.
• Expected positive financial impact as changes are implemented.
• Significant growth prospects identified for Public Storage.

Negative

• None.

WEST PALM BEACH, Fla., May 4, 2021 /PRNewswire/ -- Elliott Investment Management L.P. today released the following statement on behalf of Portfolio Manager Johannes Weber regarding Public Storage's (NYSE: PSA) Investor Day Presentation:

"Over the course of our engagement with Public Storage, we have seen the company make substantial strides in transparency and investor communication, and its real commitment to change was clearly evident in yesterday's Investor Day presentation. We expect management to follow through on these commitments, and we look forward to the changes announced yesterday flowing through to Public Storage's financials as the company capitalizes on its significant growth prospects."

About Elliott

Elliott Investment Management L.P. manages more than $42 billion of assets. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.

Media Contact:         
Stephen Spruiell                                                         
Elliott Investment Management L.P.                                     
(212) 478-2017                                              
sspruiell@elliottmgmt.com

View original content:http://www.prnewswire.com/news-releases/elliott-statement-on-public-storage-investor-day-301283214.html

SOURCE Elliott Investment Management L.P.

FAQ

What did Elliott Investment Management say about Public Storage's Investor Day presentation?

Elliott praised Public Storage's efforts in transparency and communication, expressing optimism about future financial improvements.

When was the Elliott statement on Public Storage released?

The statement was released on May 4, 2021.

What are the expectations for Public Storage following the Investor Day presentation?

Elliott expects management's commitments to lead to positive changes reflected in Public Storage's financials.

How much does Elliott Investment Management manage in assets?

Elliott manages over $42 billion in assets.

Who is Johannes Weber?

Johannes Weber is a Portfolio Manager at Elliott Investment Management.