Pershing Square Inc. (PS) Q2 2026 Earnings Call Transcript

Operator

Good day, and welcome to the Pershing Square 2026 Second Quarter Earnings Call. Today’s call is being recorded. [Operator Instructions] It is now my pleasure to turn the conference over to Jill Chapman, Head of Corporate Investor Relations for Pershing Square.

Jill Chapman

Thank you, Tara. Good morning, everyone, and welcome to Pershing’s Second Quarter 2026 Earnings Call. Joining me today are CEO and Chairman, Bill Ackman; and CIO, Ryan Israel. Yesterday evening, we issued our earnings presentation and letter to shareholders, which are available on our website at pershingsquareinc.com under the Investors section. We expect to file our 10-Q after market close today.

Before we begin, I would like to draw your attention to the legal disclaimers at the end of our earnings presentation. Today’s call may include forward-looking statements, which involve risks and uncertainties and are not guarantees of future performance.

Actual results may differ materially from those expressed or implied in the forward-looking statements due to a variety of factors described under forward-looking statements in our earnings presentation and IPO prospectus filed on April 30 as updated by our most recently filed Form 10-Q. We do not undertake any obligation to update forward-looking statements. We may also reference non-GAAP financial