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National Storage REIT ( (AU:NSR) ) has shared an announcement.
National Storage REIT, the largest self-storage group in Australia and New Zealand, operates a fully integrated portfolio of more than 290 centres serving over 100,000 residential and commercial customers. Listed on the ASX, it focuses on scalable storage infrastructure with an internally managed model that supports disciplined acquisitions and development-led growth.
The group reported IFRS profit after tax of $73.7 million and an 8.2% rise in underlying earnings to $84.3 million for 1H FY26, declared a fully franked 6.0 cps dividend, and lifted revenue per available metre and NTA amid strong occupancy and development activity. NSR settled $200 million of acquisitions, expanded its development pipeline to 43 projects, advanced sustainability initiatives, and progressed a proposed $4.0 billion Brookfield-GIC takeover, which the board unanimously supports and which would deliver a significant premium to securityholders if approved.
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 the largest self-storage provider in Australia and New Zealand, operating more than 290 centres and offering tailored storage solutions to over 100,000 residential and commercial customers. It is the first independent, internally managed and fully integrated owner and operator of self-storage centres listed on the Australian Securities Exchange.
Average Trading Volume: 13,568,137
Technical Sentiment Signal: Buy
Current Market Cap: A$3.86B
Learn more about NSR stock on TipRanks’ Stock Analysis page.