National Storage REIT (AU:NSR) has released an update.
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National Storage REIT reported an 8% increase in revenue to $355.37 million for the fiscal year ended June 30, 2024, while profits fell 28% to $230.27 million. Underlying earnings, which reflect the company’s ongoing business activities, rose by 9% to $154.17 million. The company announced a final distribution of 5.5 cents per unit for 2024, with net tangible assets per security increasing slightly from $2.48 to $2.52.
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