Public Storage (PSA) Construction in Progress (2009 - 2026)
Public Storage's (PSA) quarterly Construction in Progress came in at $202.7 million in Q1 2026, down 15.76% year-on-year from $240.7 million in Q1 2025, and up 4.32% quarter-over-quarter from $194.4 million in Q4 2025.
Public Storage (PSA) Construction in Progress (2009 - 2026) Analysis & Trends
Public Storage's Construction in Progress history runs 18 years deep, the most recent figure standing at $202.7 million for Q1 2026.
- On a quarterly basis, Construction in Progress fell 15.76% year-over-year to $202.7 million in Q1 2026; TTM through Mar 2026 was $202.7 million, a 15.76% decrease from a year earlier, with the FY2025 full-year figure at $194.4 million, down 36.92% from the prior year.
- Construction in Progress grew to $202.7 million in Q1 2026 per PSA's latest filing, from $194.4 million in the prior quarter.
- Across five years, Construction in Progress topped out at $457.1 million in Q3 2023 and bottomed at $194.4 million in Q4 2025.
- The 5-year median for Construction in Progress is $345.5 million (2023), against an average of $334.0 million.
- Across the five-year window, Construction in Progress surged 77.93% in 2022 and sank 38.18% in 2025, its largest moves.
- Year by year, Construction in Progress stood at $373.0 million in 2022, then dropped by 7.38% to $345.5 million in 2023, then decreased by 10.81% to $308.1 million in 2024, then slumped by 36.92% to $194.4 million in 2025, then gained by 4.32% to $202.7 million in 2026.
- Per Business Quant, the three latest PSA Construction in Progress figures stand at $202.7 million (Q1 2026), $194.4 million (Q4 2025), and $267.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 134.75 Bn | 139.31 Bn | 2.24 Bn | - |
| 2 | Public Storage | 55.31 Bn | 55.27 Bn | 1.18 Bn | 202.74 Mn |
| 3 | Extra Space Storage | 30.66 Bn | 31.49 Bn | 617.72 Mn | 106.06 Mn |
| 4 | Eastgroup Properties | 11.49 Bn | 11.49 Bn | 193.10 Mn | 691.52 Mn |
| 5 | CubeSmart | 9.34 Bn | 9.36 Bn | 191.86 Mn | - |
| 6 | Lineage | 9.30 Bn | 9.23 Bn | 417.00 Mn | - |
| 7 | Rexford Industrial Realty | 8.22 Bn | 8.54 Bn | - | 327.03 Mn |
| 8 | STAG Industrial | 7.73 Bn | 7.81 Bn | - | - |
| 9 | Terreno Realty | 7.56 Bn | 7.56 Bn | - | 269.52 Mn |
| 10 | Americold Realty Trust | 4.04 Bn | 4.04 Bn | 195.51 Mn | 687.31 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 202.74 Mn |
| Dec 31, 2025 | 194.36 Mn |
| Sep 30, 2025 | 267.82 Mn |
| Jun 30, 2025 | 257.30 Mn |
| Mar 31, 2025 | 240.67 Mn |
| Dec 31, 2024 | 308.10 Mn |
| Sep 30, 2024 | 310.51 Mn |
| Jun 30, 2024 | 380.75 Mn |
| Mar 31, 2024 | 389.28 Mn |
| Dec 31, 2023 | 345.45 Mn |
| Sep 30, 2023 | 457.06 Mn |
| Jun 30, 2023 | 449.93 Mn |
| Mar 31, 2023 | 377.35 Mn |
| Dec 31, 2022 | 372.99 Mn |
| Sep 30, 2022 | 406.35 Mn |
| Jun 30, 2022 | 380.06 Mn |
| Mar 31, 2022 | 337.55 Mn |
| Dec 31, 2021 | 272.47 Mn |
| Sep 30, 2021 | 228.38 Mn |
| Jun 30, 2021 | 249.71 Mn |