What is Public Storage's miami — initial cost, land?

Public Storage (PSA) reported miami — initial cost, land of $283.8M in Q4 2025.

How has Public Storage's miami — initial cost, land changed year-over-year?

Public Storage's miami — initial cost, land increased by 9.5% year-over-year, from $259.2M to $283.8M.

What does miami — initial cost, land mean?

The original purchase price or historical cost basis assigned to the land parcels in the Miami market at the time of acquisition. This serves as the baseline for asset valuation.

Public Storage PSA Miami — Initial Cost, Land

Other geography segments

Los Angeles

$585.85M+2.0%

New York

$316.9M+0.8%

Houston

$289.01M+5.6%

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%

Las Vegas

$35.05M0.0%

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

DLRMiami — Real Estate And Accumulated Depreciation Initial Cost Of Land

$1.94M-34.5%

DLRMiami — Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements

$26.03M-12.6%

EXRMI — Land Initial Cost

$13.16M0.0%

EXRFL — Land Initial Cost

$701.89M+1.3%

LINEFlorida — Initial cost to company, land

$16M0.0%

DLRMiami — Real Estate And Accumulated Depreciation Carrying Amount Of Land

$1.94M-34.4%

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 miami — initial cost, land?: Public Storage (PSA) reported miami — initial cost, land of $283.8M in Q4 2025.
How has Public Storage's miami — initial cost, land changed year-over-year?: Public Storage's miami — initial cost, land increased by 9.5% year-over-year, from $259.2M to $283.8M.
What does miami — initial cost, land mean?: The original purchase price or historical cost basis assigned to the land parcels in the Miami market at the time of acquisition. This serves as the baseline for asset valuation.