Public Storage Houston — Initial Cost, Land increased by 5.6% to $289.01M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.6%, from $273.78M to $289.01M.
Used to calculate historical cost basis and evaluate long-term capital appreciation of regional assets.
The original purchase price paid for the land parcels upon which the Houston facilities are situated. This provides a hi...
Standard historical cost accounting for real estate assets across the REIT industry.
psa_segment_houston_initial_cost_land| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $220.02M | $239.39M | $272.74M | $273.78M | $289.01M |
| QoQ Change | — | +8.8% | +13.9% | +0.4% | +5.6% |
| YoY Change | — | +8.8% | +13.9% | +0.4% | +5.6% |