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National Storage REIT ( (AU:NSR) ) has issued an update.
National Storage REIT has completed the implementation of its previously approved schemes of arrangement, under which entities jointly indirectly owned by a Brookfield-led consortium and affiliates of GIC have acquired all stapled securities in the trust. As a result, Iridium SP BidCo Pty Ltd now owns all shares in National Storage Holdings Limited and ITG Australia TS Sub Pty Ltd, as trustee for Iridium SP Bid Trust, holds all units in National Storage Property Trust, with scheme securityholders receiving $2.80 in cash per NSR security held on the record date.
Following completion of the transaction, several long-serving directors, including Anthony Keane and Howard Brenchley, have resigned from the boards of National Storage Holdings Limited and National Storage Financial Services Limited and been replaced by nominees of the acquiring consortium. Trading in NSR securities was suspended on 21 April 2026, and the REIT will now move to be removed from the ASX official list, marking its transition from a publicly traded vehicle to private ownership under the new institutional backers.
The most recent analyst rating on (AU:NSR) stock is a Hold with a A$2.63 price target. To see the full list of analyst forecasts on National Storage REIT stock, see the AU:NSR Stock Forecast page.
More about National Storage REIT
National Storage REIT is an Australian-listed real estate investment trust focused on self-storage assets, comprising National Storage Holdings Limited and National Storage Property Trust. It operates and manages storage facilities across Australia and New Zealand, providing storage solutions to retail, commercial and corporate customers, and has been a prominent player in the domestic REIT and storage sectors.
Average Trading Volume: 10,594,116
Technical Sentiment Signal: Buy
Current Market Cap: A$3.92B
Learn more about NSR stock on TipRanks’ Stock Analysis page.