NSR endured a tough end to October, but we remain committed to the mega trend that people will need to “store stuff” as a trend toward higher-density living becomes more common through Australia’s major cities. With a valuation of under 18x for FY24 and an estimated yield over the next 12-months of 5.85%, we believe NSR has become a very compelling story.
- We are considering averaging our NSR into any further weakness.
MM is long and bullish on NSR
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