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Public Storage PSA Phoenix — Initial Cost, Building & Improvements

Other geography segments

Los Angeles
$1.13B+2.1%
Houston
$963.58M+5.6%
Baltimore
$798.01M+1.3%
New York
$768.16M+4.3%
Orlando/Daytona
$652.93M+10.7%
Seattle/Tacoma
$634.81M0.0%
Miami
$631.69M+12.1%
San Francisco
$570.13M+2.3%
Chicago
$530.28M+2.1%
Atlanta
$482.92M+11.2%
Tampa
$450.31M+21.2%
Denver
$362.01M+10.3%
Philadelphia
$341.3M+14.7%
Oklahoma City
$328.65M+5.8%
Detroit
$289.35M0.0%
San Antonio
$250.28M+5.3%
Charlotte
$250.14M0.0%
Raleigh
$247.52M+5.8%
West Palm Beach
$246.48M+11.3%
Portland
$233.93M+3.9%
Boston
$230.43M+3.0%
Austin
$224.07M+5.6%
Columbia
$188.85M+13.9%
Indianapolis
$171.25M0.0%
Memphis
$167.9M0.0%
San Diego
$162.04M0.0%
Honolulu
$161.34M+27.0%
Las Vegas
$148.11M0.0%
Columbus
$143.21M0.0%
Nashville/Bowling Green
$142.35M+6.1%
Mobile
$141.14M+42.0%
Norfolk
$131.95M+5.2%
Boise
$130.09M+80.9%
Fort Myers/Naples
$121.93M0.0%
Sacramento
$115.14M+24.7%
Kansas City
$114.08M0.0%
Charleston
$90.95M+31.5%
Greensville/Spartanburg/Asheville
$79.87M+8.5%
Cincinnati
$79.21M0.0%
New Orleans
$76.86M+6.1%
Omaha
$69.09M0.0%
Colorado Springs
$64.57M0.0%
Savannah
$63.26M+21.3%
Chattanooga
$58.72M+28.8%
Richmond
$56.2M0.0%
Louisville
$50.19M0.0%
Jacksonville
$47.42M0.0%
Greensboro
$43.18M0.0%
Augusta
$43.13M+21.7%
Milwaukee
$42.15M+31.4%
Salt Lake City
$41.61M0.0%
Cleveland/Akron
$38.4M+24.8%
Roanoke
$35.72M+31.5%
Lansing
$30.74M+34.3%
Providence
$30.72M+17.6%
Birmingham
$25.57M0.0%
Tucson
$25.49M0.0%
Monterey/Salinas
$24.15M0.0%
Hartford/New Haven
$19.96M0.0%
Flint
$19.23M0.0%
Reno
$18.7M0.0%
Palm Springs
$18.07M0.0%
Buffalo/Rochester
$17.95M0.0%
Evansville
$14.32M0.0%
Dayton
$14.04M+56.4%
Huntsville/Decatur
$13.48M0.0%
Fort Wayne
$11M0.0%
Rochester
$10.79M0.0%
Santa Barbara
$9.11M0.0%
Wichita
$6.69M0.0%
Springfield/Holyoke
$3.38M0.0%
Shreveport
$3.03M0.0%
Topeka
$1.42M0.0%
Syracuse
$1.28M0.0%
Joplin
$904K0.0%
Modesto/Fresno/Stockton
$206K0.0%

Similar metrics at other companies

Digital Realty logo
DLRPhoenix — Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
$399.12M0.0%
Digital Realty logo
DLRPhoenix — Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
$407.05M+2.3%
Digital Realty logo
DLRPhoenix — Real Estate And Accumulated Depreciation Initial Cost Of Land
$11.86M0.0%
Invitation Homes logo
INVHPhoenix — SEC Schedule III Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
$300.85M+8.8%
Extra Space Storage logo
EXRAZ — Building and Improvements Initial Cost
$601.22M+5.9%
Digital Realty logo
DLRPhoenix — Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
$806.17M+1.1%

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$55.25B+9.0%
P/E29×+1.1×
P/S11.4×+0.7×

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:RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements.

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 phoenix — initial cost, building & improvements?
Public Storage (PSA) reported phoenix — initial cost, building & improvements of $367.87M in Q4 2025.
How has Public Storage's phoenix — initial cost, building & improvements changed year-over-year?
Public Storage's phoenix — initial cost, building & improvements decreased by 0.0% year-over-year, from $367.87M to $367.87M.
What does phoenix — initial cost, building & improvements mean?
The original construction or acquisition cost of the physical structures and initial improvements made to storage facilities in the Phoenix market. This represents the core capital investment in the built environment.