Public Storage (PSA) Buildings and Improvements (2009 - 2026)
Public Storage (PSA) recorded Buildings of $29.83 billion in Q3 2026, up 25.3% from $23.82 billion a year earlier and up 21.7% from the prior quarter.
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Analysis
Public Storage (PSA) Buildings and Improvements (2009 - 2026) Analysis & Trends
At the end of FY2025, Public Storage reported Buildings of $24.13 billion, up 6.0% from FY2024.
- Annual Buildings has increased for 16 straight years, with a five-year compound annual growth rate of 13.2% (FY2020 to FY2025).
- Across earlier years, Buildings came in at $22.77 billion in FY2024 (+4.3%), $21.84 billion in FY2023 (+15.3%), $18.95 billion in FY2022 (+7.2%) and $17.67 billion in FY2021 (+36.0%).
- The Q3 2026 figure is the highest quarterly Buildings in data going back to Q2 2009.
- On a year-over-year basis, Buildings has increased for 66 consecutive quarters, with growth averaging 7.7% over the last eight quarters.
- Over the past five years, the year-over-year growth in Buildings ranged from 4.3% (Q4 2024) to 36.0% (Q4 2021).
- Per Business Quant, the preceding three quarters came in at $24.5 billion (Q2 2026), $24.25 billion (Q1 2026) and $24.13 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn |
| 10 | Vici Properties | 27.54 Bn | 26.32 Bn | 1.06 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 29.83 Bn |
| Jun 30, 2026 | 24.50 Bn |
| Mar 31, 2026 | 24.25 Bn |
| Dec 31, 2025 | 24.13 Bn |
| Sep 30, 2025 | 23.82 Bn |
| Jun 30, 2025 | 23.31 Bn |
| Mar 31, 2025 | 23.08 Bn |
| Dec 31, 2024 | 22.77 Bn |
| Sep 30, 2024 | 22.44 Bn |
| Jun 30, 2024 | 22.17 Bn |
| Mar 31, 2024 | 21.97 Bn |
| Dec 31, 2023 | 21.84 Bn |
| Sep 30, 2023 | 21.42 Bn |
| Jun 30, 2023 | 19.37 Bn |
| Mar 31, 2023 | 19.13 Bn |
| Dec 31, 2022 | 18.95 Bn |
| Sep 30, 2022 | 18.54 Bn |
| Jun 30, 2022 | 18.14 Bn |
| Mar 31, 2022 | 17.89 Bn |
| Dec 31, 2021 | 17.67 Bn |
API Access
Public Storage Buildings and Improvements API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=buildings-and-improvements&ticker=PSA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "buildings-and-improvements", "ticker": "PSA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=buildings-and-improvements&ticker=PSA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();