National Storage REIT Adjusts Exchange Price of Notes

Story Highlights
  • National Storage is a leading self-storage provider in Australia and New Zealand.
  • The exchange price of National Storage’s notes has been adjusted due to a distribution value change.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
National Storage REIT Adjusts Exchange Price of Notes

The latest update is out from National Storage REIT ( (AU:NSR) ).

National Storage REIT has announced an adjustment to the exchange price of its A$300 million 3.625% Guaranteed Exchangeable Notes due 2029. The adjustment, effective from 26 February 2025, is a result of the interim distribution having a fair market value of A$0.055, impacting the exchange price from A$3.0810 to A$3.0100. This change reflects the company’s ongoing financial strategies and may influence the investment decisions of stakeholders.

More about National Storage REIT

National Storage is the largest self-storage provider in Australia and New Zealand, operating over 260 centers and serving more than 97,000 residential and commercial customers. It is the first independent, internally managed, and fully integrated owner and operator of self-storage centers listed on the Australian Securities Exchange (ASX).

YTD Price Performance: -4.70%

Average Trading Volume: 3,733,114

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$3.08B

See more data about NSR stock on TipRanks’ Stock Analysis page.

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