Public Storage (STU:PUP) Construction In Progress: €175 Mil (As of Mar. 2026)


STU:PUP Public Storage STU:PUP
87 GF Score
Price €284.40
GF Value €269.35
! 5 Warning Signs
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What is Public Storage Construction In Progress?

Public Storage STU:PUP +1.14% 87 Construction In Progress is €175 Mil as of Mar. 2026. GuruFocus rates STU:PUP with a GF Score™ of 87/100 and a GF Value™ of €269.35. The stock has 5 warning signs investors should review.

Public Storage's quarterly construction in progress declined from Sep. 2025 (€228 Mil) to Dec. 2025 (€166 Mil) but then increased from Dec. 2025 (€166 Mil) to Mar. 2026 (€175 Mil).

Public Storage's annual construction in progress declined from Dec. 2023 (€317 Mil) to Dec. 2024 (€294 Mil) and declined from Dec. 2024 (€294 Mil) to Dec. 2025 (€166 Mil).

Public Storage Construction In Progress Historical Data

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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.

Public Storage Construction In Progress Chart

Public Storage Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 241.14 352.10 316.78 294.24 165.98

Public Storage Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 222.62 223.08 228.18 165.98 175.37
STU:PUP
87GF Score
Public Storage STU:PUP
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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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.

What does a Construction In Progress of €175 Mil mean?
Public Storage (STU:PUP) has a Construction In Progress of €175 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Public Storage and its competitors.
Is Public Storage's Construction In Progress too high?
Public Storage's current Construction In Progress is €175 Mil. Overall, Public Storage has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Public Storage's Construction In Progress compare to EXR and EGP?
Public Storage's Construction In Progress of €175 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a REITs company?
A good Construction In Progress depends on the REITs industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Public Storage and its competitors. Public Storage's current Construction In Progress is €175 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Public Storage stock overvalued right now?
Public Storage (STU:PUP) has a current Construction In Progress of €175 Mil. The stock's GF Value™ is €269.35, compared to a current price of €284.40 — trading 5.6% above its estimated fair value. The current Construction In Progress is €175 Mil. Public Storage's overall GF Score™ is 87/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Public Storage (STU:PUP), the current Construction In Progress is €175 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Public Storage (STU:PUP) Overvalued in 2026?

Based on GuruFocus' analysis, Public Storage stock appears to be overvalued. The current stock price of €284.40 is trading 5.6% above its estimated GF Value™ of €269.35.

Key valuation signals for STU:PUP:

  • Construction In Progress: €175 Mil
  • GF Value™: €269.35 vs. price of €284.40 (5.6% above fair value)
  • GF Score™: 87/100 with 5 warning signs

No single metric tells the full story. See the STU:PUP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Public Storage Business Description

Industry Real EstateREITs
Address 2811 Internet Boulevard, Frisco, TX, USA, 75034
Public Storage is the largest owner of self-storage facilities in the US, with more than 3,500 self-storage facilities in 40 states and approximately 258 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.
87GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€284.40
Price
€269.35
GF Value