12/06/2025 09:39

National Storage REIT (NSR) $2.43

NSR FY25 results will be released in August, and with higher occupancy levels and an increase in net asset value (NAV) due to lower capitalisation rates, a “beat” wouldn’t surprise MM.

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09/05/2025 09:22

National Storage REIT (NSR) $2.38

NSR recently bought a “blocking” 5% stake in Abacus Storage King (ASK), making us ponder whether they want to avoid competition from massive US player Public Storage and/or if they're thinking, “If you're going to come, we want to make some easy money on the way.” So far, NSR has said they have no plans to make a competitive bid, which would dent NSR's share price at least in the short term.

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29/04/2025 09:36

National Storage REIT (NSR) $2.24

NSR confirmed yesterday that it had purchased a 4.78% stake in $1.9bn rival Abacus Storage King (ABK). Still, it does not plan to make a rival bid for ABK, which is already under offer from a South African Billionaire via a consortium formed between Nathan Kirsh’s family office, Ki Corporation, and New York-listed giant, Public Storage.

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09/04/2025 09:27

National Storage REIT (NSR) $2.17

NSR has three primary rivals, including  Abacus Storage King (ASK), which this week received a $1.9bn takeover bid from South African tycoon Nathan Kirsh (Ki Corporation) and US Public Storage (PSA US).

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26/02/2025 17:50

National Storage (NSR) $2.20

NSR -2.22%: The storage provider announced solid results that were broadly in line with expectations, whilst reaffirming guidance for the full-year though the stock drifted lower due to softness in occupancy rates in the near-term. 

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18/02/2025 09:33

National Storage REIT (NSR) $2.27

NSR has been struggling since late 2024, but last Friday's result from rival Abacus Storage (ASK) gives us cause for optimism, having pushed the stock up more than 6% in two trading sessions.

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22/01/2025 09:35

National Storage REIT (NSR) $2.32

Australasia’s largest self-storage provider has come under pressure since bond yields started rising in September 2024. From that point, US 10-year yields, the globally recognised proxy for interest rates, rose from 3.62% to 4.80%, pushing NSR from a $2.59 high back to a low this week of $2.29, a ~12% pullback.

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10/12/2024 09:35

National Storage REIT (NSR) $2.36

NSR owns storage facilities across Australia, positioning it perfectly for the structural transition we see unfolding over the coming years. The stock is forecast to consistently yield ~4.7% over the coming years, which will be especially attractive if the RBA starts cutting interest rates next year, as is widely expected.

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03/10/2024 09:18

National Storage (NSR) $2.53

NSR is very well positioned after its recently announced Ventures JV with GIC, which should provide short-term earnings support as NSR ramps up on the development front - this self-storage REIT remains one of our core holdings in two portfolios, liking both its 4.3% sustainable yield and strategic direction.

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12/09/2024 17:08

National Storage REIT (NSR) $2.42

NSR -1.22%:  Soft in a strong market due to a financing deal they announced this morning for $300m of exchangeable notes paying a 3.125% - 3.625% coupon with the proceeds to be used to repay higher cost debt, fund further growth and diversify funding sources.

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