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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21/08/2024 17:28

National Storage REIT (NSR) $2.41

NSR +1.26% delivered exactly what we’d expect today, a clean, inline result with a slight upside bias to guidance given they usually under promise and over deliver;

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28/06/2024 09:29

National Storage REIT (NSR) $2.30

National Storage, the nation’s largest self-storage manager, recently announced a JV with Singapore Sovereign Wealth fund GIC, which demonstrates there’s plenty of interest in Australian storage assets.

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13/06/2024 16:45

National Storage REIT (NSR) $2.30

NSR +3.14%: the self-storage manager announced a JV with Singapore Sovereign Wealth fund GIC to develop an initial portfolio of 10 assets, with the partnership planning to deploy $270m within the next 18 months. NSR will own 25% of the venture but will act as the manager for the initial 5-year term. NSR will reap $120m from asset sales into the fund, helping to reduce debt. The deal shows plenty of interest in Australian storage assets and the announcement leaves the door ajar for a far bigger investment from the fund which controls ~$US750b.

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16/05/2024 09:52

Active Income Portfolio – Amendments

We believe National Storage (NSR) now looks relatively more attractive than Dexus (DXS) as a consequence of recent relative performance.

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