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National Storage REIT ( (AU:NSR) ) has provided an announcement.
National Storage REIT has received an unsolicited, non-binding proposal from a consortium led by Brookfield Property Group and GIC Investments to acquire 100% of its stapled securities. The proposal, which includes a cash offer of $2.86 per security, is subject to several conditions, including regulatory approvals and due diligence. The NSR Board has granted the consortium a period of exclusivity to negotiate a binding agreement, although there is no certainty that the transaction will proceed.
The most recent analyst rating on (AU:NSR) stock is a Hold with a A$2.50 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 is the largest self-storage provider in Australia and New Zealand, with over 275 locations offering tailored storage solutions to more than 94,500 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).
Average Trading Volume: 4,698,588
Technical Sentiment Signal: Buy
Current Market Cap: A$3.19B
For a thorough assessment of NSR stock, go to TipRanks’ Stock Analysis page.