Extra Space Storage AZ — Building and Improvements Initial Cost increased by 5.9% to $601.22M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.9%, from $567.99M to $601.22M.
Reflects the initial scale and quality of the physical infrastructure built within the region.
The initial capital expenditure incurred for the construction or acquisition of storage buildings and site improvements...
Comparable to 'Initial Building Cost' or 'Construction Basis' in property-level reporting.
exr_segment_az_building_and_improvements_initial_cost| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $117.30M | $150.77M | $523.81M | $567.99M | $601.22M |
| QoQ Change | — | +28.5% | +247.4% | +8.4% | +5.9% |
| YoY Change | — | +28.5% | +247.4% | +8.4% | +5.9% |