We’ve discussed our penchant for NSR over recent months including in Thursday’s What Matters Today Report, our focus has been on the performance elastic band between Goodman Group (GMG), which MM has held in our Flagship Growth Portfolio since 2021, and NSR which has sat on our Hitlist for many months – so far in 2023 NSR is down -5.6% while GMG is up +16.5%. Picking market tops & bottoms is more luck than judgement plus it creates undue stress, we believe NSR will outperform GMG over the next 6-12 months, in theory, it’s also a more defensive play, although it doesn’t seem it this year!
- We are considering switching GMG position to NSR , we think the recent weakness in NSR is due to the discounted listing of Abacus Storage King (ASK) providing a lower comparative valuation.
MM is looking to switch from GMG into NSR
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Goodman Group (GMG) v National Storage (NSR)
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Goodman Group (GMG) v National Storage (NSR)
