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Public Storage (Public Storage) Construction In Progress : $345.45 Mil (As of Dec. 2023)


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What is Public Storage Construction In Progress?

Public Storage's quarterly construction in progress increased from Jun. 2023 ($449.93 Mil) to Sep. 2023 ($457.06 Mil) but then declined from Sep. 2023 ($457.06 Mil) to Dec. 2023 ($345.45 Mil).

Public Storage's annual construction in progress increased from Dec. 2021 ($272.47 Mil) to Dec. 2022 ($372.99 Mil) but then declined from Dec. 2022 ($372.99 Mil) to Dec. 2023 ($345.45 Mil).

Public Storage Construction In Progress Historical Data

The historical data trend for Public Storage's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Public Storage Construction In Progress Chart

Public Storage Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 141.93 188.08 272.47 372.99 345.45

Public Storage Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 372.99 377.35 449.93 457.06 345.45

Public Storage Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Public Storage (Public Storage) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Public Storage (NYSE:PSApX.PFD) » Definitions » Construction In Progress
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Traded in Other Exchanges
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Address
701 Western Avenue, Glendale, CA, USA, 91201-2349
Website
https://www.publicstorage.com
Public Storage is the largest owner of self-storage facilities in the U.S. with more than 2,880 self-storage facilities in 40 states and approximately 200 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.