Public Storage Houston — Initial Cost, Building & Improvements increased by 5.6% to $963.58M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.6%, from $912.05M to $963.58M.
Reflects the initial capital intensity required to establish the regional portfolio's physical infrastructure.
The original capital expenditure incurred for the construction or acquisition of buildings and structural improvements a...
Standard historical cost accounting for building assets across the REIT industry.
psa_segment_houston_initial_cost_building_improvements| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $620.94M | $647.58M | $902.14M | $912.05M | $963.58M |
| QoQ Change | — | +4.3% | +39.3% | +1.1% | +5.6% |
| YoY Change | — | +4.3% | +39.3% | +1.1% | +5.6% |