Tag Archives: NSR

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

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.

NSR announced its half-year results this week with underlying earnings up 31% to $34.5m and a profit after tax of $150.7 million, driven by valuation gains.