Public Storage Miami — Initial Cost, Building & Improvements increased by 12.1% to $631.69M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.1%, from $563.33M to $631.69M.
Reflects the initial capital intensity of the regional portfolio construction or acquisition.
The original historical cost of the physical structures and initial improvements made to properties in the Miami market....
Standard historical cost accounting for building assets in real estate portfolios.
psa_segment_miami_initial_cost_building_improvements| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $536.32M | $560.22M | $563.33M | $563.33M | $631.69M |
| QoQ Change | — | +4.5% | +0.6% | +0.0% | +12.1% |
| YoY Change | — | +4.5% | +0.6% | +0.0% | +12.1% |