Public Storage Phoenix — Initial Cost, Building & Improvements remained flat by 0.0% to $367.87M in Q4 2025 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $367.87M to $367.87M.
Reflects the historical capital intensity required to establish the regional portfolio.
The original construction or acquisition cost of the physical structures and initial improvements made to storage facili...
Commonly reported as part of the gross investment in real estate for property-heavy companies.
psa_segment_phoenix_initial_cost_building_improvements| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $265.78M | $304.38M | $367.87M | $367.87M | $367.87M |
| QoQ Change | — | +14.5% | +20.9% | +0.0% | +0.0% |
| YoY Change | — | +14.5% | +20.9% | +0.0% | +0.0% |