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Public Storage PSA Las Vegas — Initial Cost, Land

Other geography segments

Los Angeles
$585.85M+2.0%
New York
$316.9M+0.8%
Houston
$289.01M+5.6%
Miami
$283.8M+9.5%
San Francisco
$248.5M+1.2%
Seattle/Tacoma
$246.11M0.0%
Orlando/Daytona
$187.89M+5.8%
Atlanta
$168.08M+17.0%
West Palm Beach
$162.68M+3.8%
Chicago
$158.29M+1.1%
Baltimore
$142.21M+0.8%
Tampa
$126.76M+18.1%
Denver
$125.36M+4.0%
Phoenix
$108.05M0.0%
Raleigh
$94.35M+2.1%
Charlotte
$89.94M0.0%
San Diego
$89.78M0.0%
Boston
$86.79M+1.3%
Honolulu
$77.12M+10.8%
Detroit
$77.08M0.0%
Philadelphia
$75.33M+13.7%
Austin
$73.2M+1.1%
Oklahoma City
$70.65M+2.2%
Portland
$65.8M+1.2%
San Antonio
$58.75M+4.1%
Columbus
$55.84M0.0%
Nashville/Bowling Green
$49.17M+5.4%
Norfolk
$48.75M+1.7%
Columbia
$46.81M+18.4%
Indianapolis
$46.16M0.0%
Boise
$44.38M+165%
Savannah
$38.34M+5.0%
Fort Myers/Naples
$36.68M0.0%
Sacramento
$34.76M+8.5%
Mobile
$31.43M+19.4%
Charleston
$29.1M+49.3%
Memphis
$27.63M0.0%
Louisville
$24.87M0.0%
Cincinnati
$21.13M0.0%
Richmond
$21.12M0.0%
Salt Lake City
$20.45M0.0%
Kansas City
$20.21M0.0%
Omaha
$17.97M0.0%
Greensboro
$15.59M0.0%
New Orleans
$14.75M+4.6%
Greensville/Spartanburg/Asheville
$14.69M+9.5%
Jacksonville
$14.45M0.0%
Chattanooga
$14.44M+44.0%
Milwaukee
$13.98M+6.0%
Colorado Springs
$13.67M0.0%
Augusta
$11.89M+20.9%
Tucson
$9.4M0.0%
Huntsville/Decatur
$9.16M0.0%
Monterey/Salinas
$8.47M0.0%
Palm Springs
$8.31M0.0%
Roanoke
$7.82M+13.1%
Cleveland/Akron
$7.45M+25.9%
Buffalo/Rochester
$6.79M0.0%
Hartford/New Haven
$6.78M0.0%
Birmingham
$6.32M0.0%
Santa Barbara
$5.73M0.0%
Reno
$5.49M0.0%
Providence
$3.81M+44.2%
Fort Wayne
$3.49M0.0%
Lansing
$3.29M+60.8%
Flint
$2.73M0.0%
Evansville
$2.34M0.0%
Rochester
$2.14M0.0%
Wichita
$2.02M0.0%
Dayton
$1.7M+58.3%
Springfield/Holyoke
$1.43M0.0%
Shreveport
$817K0.0%
Syracuse
$545K0.0%
Joplin
$264K0.0%
Topeka
$225K0.0%
Modesto/Fresno/Stockton
$44K0.0%

Similar metrics at other companies

Extra Space Storage logo
EXRNV — Land Initial Cost
$122.41M+23.9%
Invitation Homes logo
INVHLas Vegas — Land
$160.49M-0.3%
Extra Space Storage logo
EXRLA — Land Initial Cost
$16.67M0.0%
Extra Space Storage logo
EXRVA — Land Initial Cost
$199.81M+0.4%
Extra Space Storage logo
EXROK — Land Initial Cost
$3.92M0.0%
Lineage, Inc. logo
LINECalifornia — Initial cost to company, land
$153M-2.5%

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$56.98B+12.3%
P/E29.9×+1.9×
P/S11.7×+1.0×

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:RealEstateAndAccumulatedDepreciationInitialCostOfLand.

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 las vegas — initial cost, land?
Public Storage (PSA) reported las vegas — initial cost, land of $35.05M in Q4 2025.
How has Public Storage's las vegas — initial cost, land changed year-over-year?
Public Storage's las vegas — initial cost, land decreased by 0.0% year-over-year, from $35.05M to $35.05M.
What does las vegas — initial cost, land mean?
The original purchase price or historical cost basis allocated to the land assets in the Las Vegas market. This serves as a baseline for calculating capital investment and asset appreciation.