Discontinued — last reported Q4 '25
Non-Current Assets
Buildings and improvements
Public Storage Buildings and improvements increased by 0.5% to $24.25B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.1%, from $23.08B to $24.25B. Over 5 years (FY 2020 to FY 2025), Buildings and improvements shows an upward trend with a 13.2% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ4 2025
Parent metricPP&E (Net)
How to read this metric
Increases indicate ongoing investment in physical capacity, while decreases reflect depreciation or the divestiture of facilities.
Detailed definition
The book value of buildings and leasehold improvements used for operations. This reflects the company's investment in it...
Peer comparison
Benchmark against peers based on the capital intensity of their manufacturing and R&D footprint.
Metric ID:
ppe_buildingsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $15.18B | $15.59B | $17.67B | $17.89B | $18.14B | $18.54B | $18.95B | $19.13B | $19.37B | $21.42B | $21.84B | $21.97B | $22.17B | $22.44B | $22.77B | $23.08B | $23.31B | $23.82B | $24.13B | $24.25B |
| QoQ Change | — | +2.7% | +13.4% | +1.2% | +1.4% | +2.2% | +2.2% | +1.0% | +1.2% | +10.6% | +1.9% | +0.6% | +0.9% | +1.2% | +1.5% | +1.4% | +1.0% | +2.2% | +1.3% | +0.5% |
| YoY Change | — | — | — | — | +19.5% | +18.9% | +7.2% | +6.9% | +6.8% | +15.6% | +15.3% | +14.9% | +14.5% | +4.8% | +4.3% | +5.0% | +5.1% | +6.1% | +6.0% | +5.1% |
Range$15.18B – $24.25B
CAGR+10.4%
Avg YoY Growth+9.7%
Median YoY Growth+6.9%
Current Streak19+ quarters growth
Buildings and improvements at Other Companies
Frequently Asked Questions
- What is Public Storage's buildings and improvements?
- Public Storage (PSA) reported buildings and improvements of $24.25B in Q1 2026.
- How has Public Storage's buildings and improvements changed year-over-year?
- Public Storage's buildings and improvements increased by 5.1% year-over-year, from $23.08B to $24.25B.
- What is the long-term trend for Public Storage's buildings and improvements?
- Over 5 years (2020 to 2025), Public Storage's buildings and improvements has grown at a 13.2% compound annual growth rate (CAGR), from $13.00B to $24.13B.
- What does buildings and improvements mean?
- The value of the company's buildings and facility improvements.