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Public Storage PSA Real estate acquisition and development expense

Real estate acquisition and development expense at other companies

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Other financials

Income statement

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Revenue$1.2B+2.9%
Operating income$474.3M+2.2%
Net income$526.3M+29.1%
EPS (diluted)$2.71+32.8%

Balance sheet

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Cash & equivalents$134.6M-53.1%
Total debt$10.3B+9.6%
Total equity$9.2B-3.6%
Total assets$19.9B+1.2%

Cash flow

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Operating cash flow$694.8M-1.5%

Valuation

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Market cap$55.89B+14.3%
P/E29.4×+2.4×
P/S11.5×+1.2×

Profitability

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Gross margin72%—
Operating margin51.6%—
Net margin39.2%-2.6pp
FCF margin64.3%—

Returns & leverage

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Return on equity20.3%+0.1pp
Debt / equity1.1×+0.1×

Where this comes from

Reported directly by Public Storage in its filing.

Tagged under the XBRL concept psa:RealEstateAcquisitionAndDevelopmentExpense.

The official record: Public Storage’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Public Storage's real estate acquisition and development expense?
Public Storage (PSA) reported real estate acquisition and development expense of $2.43M in Q1 2026.
How has Public Storage's real estate acquisition and development expense changed year-over-year?
Public Storage's real estate acquisition and development expense decreased by 67.3% year-over-year, from $7.42M to $2.43M.
What is the long-term trend for Public Storage's real estate acquisition and development expense?
Over 4 years (2021 to 2025), Public Storage's real estate acquisition and development expense has grown at a 10.9% compound annual growth rate (CAGR), from $12.92M to $19.55M.
What does real estate acquisition and development expense mean?
These are costs incurred during the pursuit, evaluation, and initial development of new real estate projects that do not qualify for capitalization. This metric highlights the company's investment in future growth and expansion pipelines.