Public Storage Birmingham — Costs Subsequent to Acquisition increased by 2.8% to $22.22M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 2.8%, from $21.60M to $22.22M.
High levels of subsequent costs may indicate active portfolio maintenance or value-add renovation strategies.
Capital expenditures incurred for renovations, expansions, or major repairs on properties in the Birmingham market after...
Comparable to 'capital improvements' or 'CapEx' reported by other REITs.
psa_segment_birmingham_costs_subsequent_to_acquisition| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $14.34M | $15.12M | $16.68M | $21.60M | $22.22M |
| QoQ Change | — | +5.4% | +10.3% | +29.5% | +2.8% |
| YoY Change | — | +5.4% | +10.3% | +29.5% | +2.8% |