National Storage

National Storage REIT has issued an update on its business a day after the proposed Abacus Storage King REIT hit the road with its listing and capital raising prospectus.

Self Storage specialist, National Storage REIT has tapped capital markets for $300m in equity to support further growth of the platform and replenish investment capacity with further debt repayment of $84m.

National Storage REIT (ASX: NSR) today announces its financial results for the half year ended 31 December 2022 with an A-IFRS profit after tax of $182.3 million (EPS 15.2 cps) and Underlying EPS1 of 6.0 cps).

National Storage REIT increased earnings per security by 25% for FY22 as occupancy and rental rates increase push higher.

National Storage REIT announced an upgraded FY22 underlying earnings guidance of 10.5cps (previously 10.0cps) and provides an update on the valuations of its property portfolio as at 30 June 2022.

National Storage REIT released its financial results for the half-year ended 31 December 2021 with an A-IFRS profit after tax of $274.1 million and Underlying EPS of 4.9 cps up 26%.

National Storage announced today an increase in earnings of 28% thanks to improving rentals, acquisitions and development activity in what has been a difficult year.

A record high occupancy and strong cash flows has given National Storage the room to raise capital, announcing a $325m cap raise for future growth.

National Storage REIT has settled on the acquisition of its latest facility at Glendenning for $15.5m.

National Storage results issued this week, revealing total occupancy up 7.7% driving underlying earnings to $39.2m, up 14%.

National Storage REIT today announced its financial results for the year ended 30 June 2020 with occupancy down -3.4%, earnings per security down -13% and distributions down -15.6%.

Abacus has lifted its stake in National Storage as it grows it's ambitions in the Self Storage sector

National Storage REIT Extends Debt by up to $225m

As expected US Group Public Storage will not proceed with plans to acquire National Storage REIT due to COVID19

Public Storage's offer at $2.40 was hard to beat and GAW and Wurburg have decided to pull out of NSR race for now.