Discontinued — last reported Q4 '25

Non-Current Assets

Construction in progress

Public Storage Construction in progress increased by 4.3% to $202.74M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 15.8%, from $240.67M to $202.74M. Over 5 years (FY 2020 to FY 2025), Construction in progress shows relatively stable performance with a 0.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryGrowth
SignalHigher is better
VolatilityVolatile
First reportedQ4 2014
Last reportedQ4 2025
Parent metricPP&E (Net)

How to read this metric

A high balance indicates significant ongoing capital expenditure and future growth potential through expanded production capacity.

Detailed definition

The accumulated costs for capital projects that are currently under construction and not yet ready for operational use....

Peer comparison

Reflects the company's current investment cycle and long-term growth strategy compared to industry peers.

Metric ID: ppe_construction_in_progress

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$249.71M$228.38M$272.47M$337.55M$380.06M$406.35M$372.99M$377.35M$449.93M$457.06M$345.45M$389.28M$380.75M$310.51M$308.10M$240.67M$257.30M$267.82M$194.36M$202.74M
QoQ Change-8.5%+19.3%+23.9%+12.6%+6.9%-8.2%+1.2%+19.2%+1.6%-24.4%+12.7%-2.2%-18.4%-0.8%-21.9%+6.9%+4.1%-27.4%+4.3%
YoY Change+52.2%+77.9%+36.9%+11.8%+18.4%+12.5%-7.4%+3.2%-15.4%-32.1%-10.8%-38.2%-32.4%-13.8%-36.9%-15.8%
Range$194.36M$457.06M
CAGR-4.3%
Avg YoY Growth+0.6%
Median YoY Growth-9.1%

Frequently Asked Questions

What is Public Storage's construction in progress?
Public Storage (PSA) reported construction in progress of $202.74M in Q1 2026.
How has Public Storage's construction in progress changed year-over-year?
Public Storage's construction in progress decreased by 15.8% year-over-year, from $240.67M to $202.74M.
What is the long-term trend for Public Storage's construction in progress?
Over 5 years (2020 to 2025), Public Storage's construction in progress has grown at a 0.7% compound annual growth rate (CAGR), from $188.08M to $194.36M.
What does construction in progress mean?
The value of capital projects currently being built but not yet in use.