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National Storage REIT
(Sydney:NSR)
National Storage REIT (NSR) vs. iShares MSCI Australia ETF (EWA)
National Storage REIT Business Overview & Revenue Model
National Storage REIT Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 369.96M | 354.69M | 331.43M | 278.06M | 217.75M | 177.91M |
| Gross Profit | 361.55M | 349.23M | 324.73M | 269.87M | 211.63M | 173.66M |
| EBITDA | 298.48M | 292.07M | 196.08M | 152.62M | 111.68M | 95.19M |
| Net Income | 160.59M | 230.27M | 320.40M | 620.62M | 309.71M | 121.78M |
Balance Sheet | ||||||
| Total Assets | 5.38B | 5.17B | 4.58B | 4.05B | 3.25B | 2.64B |
| Cash, Cash Equivalents and Short-Term Investments | 49.00M | 55.24M | 67.33M | 83.65M | 95.91M | 90.35M |
| Total Debt | 1.31B | 1.49B | 1.04B | 1.08B | 868.75M | 848.29M |
| Total Liabilities | 1.84B | 1.66B | 1.20B | 1.22B | 967.23M | 918.51M |
| Stockholders Equity | 316.50M | 305.28M | 3.39B | 2.84B | 2.28B | 1.72B |
Cash Flow | ||||||
| Free Cash Flow | 192.14M | 112.10M | 135.56M | 134.11M | 112.13M | 73.72M |
| Operating Cash Flow | 192.97M | 124.90M | 143.33M | 141.24M | 113.69M | 75.27M |
| Investing Cash Flow | -441.00M | -466.62M | -345.55M | -281.25M | -429.74M | -281.39M |
| Financing Cash Flow | 336.69M | 332.93M | 185.84M | 127.87M | 321.56M | 117.58M |
National Storage REIT Technical Analysis
National Storage REIT Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$3.20B | 13.18 | 6.87% | 4.72% | 8.10% | 6.34% | |
63 Neutral | $6.87B | 19.10 | -1.13% | 7.17% | 4.72% | -24.75% | |
| $4.68B | ― | -9.22% | 3.33% | ― | ― | ||
| $45.24B | 66.44 | 5.14% | 0.88% | ― | ― | ||
| $6.07B | ― | -1.94% | 4.87% | ― | ― | ||
| $12.20B | 17.58 | 5.94% | 4.58% | ― | ― | ||
| $8.47B | 28.69 | 4.54% | 2.73% | ― | ― |
National Storage REIT Corporate Events
National Storage REIT (NSR) has announced the settlement of the second tranche of development assets by the National Storage Ventures Fund. This tranche involves the acquisition and development of six assets from NSR’s existing portfolio, with a total capital deployment of approximately $228 million. The transaction has resulted in net sale proceeds of around $140 million for NSR, which will be used to repay debt. NSR and GIC will maintain equity interests of 25% and 75% respectively, with NSR continuing as the fund manager and developer, earning fees for its services. This development is part of NSR’s strategy to expand its footprint independently while leveraging its balance sheet and development capabilities.
The most recent analyst rating on (AU:NSR) stock is a Sell with a A$2.55 price target. To see the full list of analyst forecasts on National Storage REIT stock, see the AU:NSR Stock Forecast page.
National Storage REIT has announced a dividend distribution of AUD 0.056 per unit for its fully paid ordinary units stapled securities. The distribution covers a six-month period ending on June 30, 2025, with an ex-date of June 27, 2025, and a payment date set for September 2, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its investors and may influence its market positioning by reinforcing investor confidence.
The most recent analyst rating on (AU:NSR) stock is a Sell with a A$2.55 price target. To see the full list of analyst forecasts on National Storage REIT stock, see the AU:NSR Stock Forecast page.
National Storage REIT has announced a change in the interests of its substantial holder, Runway Technologies Pty Ltd, which now holds a 7.17% voting power in Abacus Storage King, up from 6.16%. This increase in voting power reflects a strategic move that could influence the company’s decision-making processes and impact its market positioning, potentially affecting stakeholders involved with Abacus Storage King.
The most recent analyst rating on (AU:NSR) stock is a Sell with a A$2.55 price target. To see the full list of analyst forecasts on National Storage REIT stock, see the AU:NSR Stock Forecast page.
Resolution Capital Limited has become a substantial holder in National Storage REIT, acquiring a 5.04% voting power with 70,169,444 ordinary fully paid shares. This acquisition indicates a significant investment interest in National Storage REIT, potentially impacting its market positioning and signaling confidence in its business operations to stakeholders.
The most recent analyst rating on (AU:NSR) stock is a Sell with a A$2.55 price target. To see the full list of analyst forecasts on National Storage REIT stock, see the AU:NSR Stock Forecast page.
National Storage REIT has announced that the exit statements for the third quarter of the fiscal year 2025 are now available for investors to download via the Computershare Investor Centre website. This update is part of their regular communication with stakeholders, ensuring transparency and accessibility of financial information, which is crucial for maintaining investor confidence and supporting the company’s market position.
The most recent analyst rating on (AU:NSR) stock is a Sell with a A$2.55 price target. To see the full list of analyst forecasts on National Storage REIT stock, see the AU:NSR Stock Forecast page.
National Storage REIT has entered into agreements with GIC for the National Storage Ventures Fund to invest in a second tranche of development assets. This tranche involves acquiring, developing, and operating six additional assets from NSR’s portfolio, with a total capital deployment of approximately $228 million. The acquisition is expected to generate net sale proceeds of about $140 million for NSR, which will be used to repay debt. NSR will maintain a 25% equity interest in the fund and continue to manage and develop the assets, reaffirming its earnings guidance and distribution policy.
The most recent analyst rating on (AU:NSR) stock is a Sell with a A$2.35 price target. To see the full list of analyst forecasts on National Storage REIT stock, see the AU:NSR Stock Forecast page.
National Storage REIT has appointed Tanya Mangold as Joint Company Secretary to cover parental leave until August 2026. This strategic appointment ensures continuity in governance and compliance, as Mangold brings extensive experience from previous roles at several major companies. Katherine Hammond will continue as Joint Company Secretary until her leave in July 2025, with Emily Ackland also responsible for ASX communications. This move underscores National Storage’s commitment to maintaining robust corporate governance during leadership transitions.
The most recent analyst rating on (AU:NSR) stock is a Sell with a A$2.35 price target. To see the full list of analyst forecasts on National Storage REIT stock, see the AU:NSR Stock Forecast page.
National Storage REIT, through its associate Runway Technologies Pty Ltd, has increased its voting power in Abacus Storage King from 5.11% to 6.16%. This change signifies a strategic move to strengthen its influence within the company, potentially impacting its operations and decision-making processes.
The most recent analyst rating on (AU:NSR) stock is a Sell with a A$2.35 price target. To see the full list of analyst forecasts on National Storage REIT stock, see the AU:NSR Stock Forecast page.
National Storage REIT, through its subsidiary entities, has become a substantial holder in Abacus Storage King, acquiring a 5.11% voting power through 67,206,595 fully paid ordinary stapled securities. This acquisition indicates a significant investment in the storage sector, potentially enhancing National Storage REIT’s market influence and operational capabilities within the industry.
National Storage REIT (NSR) has acquired a 4.78% stake in Abacus Storage King (ASK), following a proposal by a consortium to acquire all outstanding securities in ASK. NSR views ASK as a valuable investment, noting that the consortium’s offer undervalues ASK’s assets and brand. NSR does not plan to make a competing offer and will continue to fulfill its disclosure obligations.
Pinnacle Investment Management Group Limited has increased its stake in National Storage REIT, raising its voting power from 8.95% to 10.18%. This change signifies a strengthened position for Pinnacle within the company, potentially impacting National Storage REIT’s strategic decisions and shareholder dynamics.