How has Public Storage's lansing — costs subsequent to acquisition changed year-over-year?

Public Storage's lansing — costs subsequent to acquisition increased by 46.0% year-over-year, from $2.24M to $3.26M.

What does lansing — costs subsequent to acquisition mean?

Capital expenditures incurred after the initial acquisition of properties in the Lansing market, such as renovations, expansions, or major repairs. These costs reflect ongoing investment to maintain or enhance asset value.

Public Storage PSA Lansing — Costs Subsequent to Acquisition

Other geography segments

Los Angeles

$687.87M+25.1%

New York

$409.26M+4.4%

San Francisco

$384.28M+6.4%

Houston

$360.49M+7.1%

Seattle/Tacoma

$233.02M+3.5%

Chicago

$222.11M+6.9%

Miami

$214.57M+4.3%

Atlanta

$150.78M+6.4%

Denver

$137.09M+5.7%

West Palm Beach

$135.02M+4.0%

Orlando/Daytona

$118.69M+9.5%

Charlotte

$115.13M+4.7%

Tampa

$110.35M+9.1%

Philadelphia

$104.46M+5.0%

Detroit

$95.46M+14.7%

Baltimore

$85.38M+4.6%

San Diego

$80.47M+2.1%

Phoenix

$74.95M+11.2%

Austin

$66.22M+5.8%

Kansas City

$64.11M+3.0%

Raleigh

$59.56M+5.8%

Portland

$58.24M+2.8%

Las Vegas

$57.54M+110%

San Antonio

$48.53M+5.1%

Sacramento

$48.5M+7.0%

Boston

$47.54M+8.4%

Columbus

$43.41M+3.0%

Nashville/Bowling Green

$42.59M+10.2%

Norfolk

$39.88M+3.8%

Oklahoma City

$38.73M+9.9%

Columbia

$37.78M+9.1%

Indianapolis

$33.51M+2.8%

Cincinnati

$33.31M+3.5%

Hartford/New Haven

$30.44M+6.3%

Colorado Springs

$30.29M+3.4%

Fort Myers/Naples

$29.17M+8.6%

Charleston

$28.6M+4.6%

Honolulu

$25.59M+2.7%

Greensboro

$22.68M+7.6%

Birmingham

$22.22M+2.8%

Memphis

$21.53M+19.7%

Greensville/Spartanburg/Asheville

$20.38M+14.6%

Jacksonville

$19.25M+3.2%

Mobile

$17.59M+29.4%

Milwaukee

$17.45M+9.0%

New Orleans

$17.04M+13.4%

Louisville

$14.31M+7.8%

Chattanooga

$13.99M+13.2%

Wichita

$12.34M+11.8%

Richmond

$12.23M+7.5%

Cleveland/Akron

$11.01M+4.2%

Savannah

$10.89M+15.3%

Tucson

$10M+4.8%

Salt Lake City

$9.77M+6.2%

Buffalo/Rochester

$9.2M+6.9%

Monterey/Salinas

$8.18M+1.3%

Reno

$8.14M+2.1%

Omaha

$7.35M+7.5%

Augusta

$7.18M+9.4%

Dayton

$6.87M+5.8%

Providence

$5.69M+21.0%

Huntsville/Decatur

$5.2M+2.1%

Fort Wayne

$5.05M+6.6%

Rochester

$4.42M+5.2%

Palm Springs

$3.66M+3.2%

Shreveport

$3.6M+2.2%

Boise

$3.5M+53.2%

Topeka

$3.14M+8.5%

Evansville

$2.83M+4.1%

Springfield/Holyoke

$2.81M+2.2%

Roanoke

$2.63M+36.6%

Flint

$1.7M+62.5%

Syracuse

$1.58M+2.6%

Joplin

$1.48M+1.4%

Modesto/Fresno/Stockton

$1.47M+0.4%

Santa Barbara

$1.3M+5.6%

Similar metrics at other companies

LADRSaginaw, MI — Costs Capitalized Subsequent to Acquisition

$0—

LINEMichigan — Costs capitalized subsequent to acquisition

$12M-7.7%

LADROakland County, MI — Costs Capitalized Subsequent to Acquisition

$12.18M+5.5%

LADROakland, CA — Costs Capitalized Subsequent to Acquisition

$0—

LADRNew York, NY — Costs Capitalized Subsequent to Acquisition

$1.32M+5,404%

EXRMS — Adjustments and Costs to Land and Building Subsequent to Acquisition

$2.85M+7.7%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$694.8M-1.5%

Valuation

See full

Market cap$55.89B+14.3%

P/E29.4×+2.4×

P/S11.5×+1.2×

Profitability

See full

Gross margin72%—

Operating margin51.6%—

Net margin39.2%-2.6pp

FCF margin64.3%—

Returns & leverage

See full

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 us-gaap:RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts.

The official record: Public Storage’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Public Storage's lansing — costs subsequent to acquisition?: Public Storage (PSA) reported lansing — costs subsequent to acquisition of $3.26M in Q4 2025.
How has Public Storage's lansing — costs subsequent to acquisition changed year-over-year?: Public Storage's lansing — costs subsequent to acquisition increased by 46.0% year-over-year, from $2.24M to $3.26M.
What does lansing — costs subsequent to acquisition mean?: Capital expenditures incurred after the initial acquisition of properties in the Lansing market, such as renovations, expansions, or major repairs. These costs reflect ongoing investment to maintain or enhance asset value.