Overview
National Storage REIT offers Australian investors exposure to a large self-storage business operating across Australia and New Zealand. Its reported revenue growth and 4.16% dividend yield are notable features, while a high headline P/E and the trust’s exposure to property conditions warrant a measured look at earnings quality, distributions and valuation.
National Storage REIT is an internally managed owner and operator of self-storage centres, with operations in Australia and New Zealand. Its portfolio serves residential and commercial customers and spans more than 290 centres, according to the supplied business description. The trust sits within real estate, with an industrial REIT classification, and has a market capitalisation of A$4.3 billion. Its scale and focus on storage distinguish it from landlords concentrated in conventional office, retail or logistics property, while leaving its performance tied to occupancy, pricing and property-sector conditions.
Key facts
- Ticker
- NSR
- Exchange
- AU
- ISIN
- AU000000NSR2
- Sector
- Real Estate
- Industry
- REIT – Industrial
- Country
- Australia
- Currency
- AUD
- Market cap
- 4.3B
- 52W low
- A$2.17
- 52W high
- A$2.85
Price and trend
- 52W range
- A$2.17 – A$2.85
- 50-day SMA
- A$2.78
- 200-day SMA
- A$2.60
Valuation
- P/E
- 279.00
- PEG
- 0.00
- EPS
- 0.01
- Dividend yield
- 4.16%
- Beta
- 0.44
At a market capitalisation of A$4.3 billion, National Storage REIT is a sizeable listed property trust. Its reported P/E ratio of 279 is elevated as a conventional earnings multiple, although P/E can be less informative for property trusts than measures that incorporate property income and asset values. The supplied figures show a 4.16% dividend yield and revenue growth of 14.60%; assessing valuation fully would also require measures of operating cash flow and property value that are not included here. The units traded within a 52-week range of A$2.17 to A$2.85.
Profitability and growth
- Revenue growth
- 14.60%
- Revenue TTM
- 417.8M
- Profit margin
- 8.40%
Analyst view
- Target price
- A$2.86
The fundamental picture combines reported revenue growth of 14.60% with a profit margin of 8.40%. That points to expansion alongside a need to assess how effectively revenue translates into earnings. The 4.16% dividend yield adds an income component, but it should be viewed as a reported yield rather than a guaranteed return. The 50-day moving average of A$2.78 is above the 200-day average of A$2.60, which is a constructive trend signal in isolation; without a supplied latest price, it does not establish where the units currently sit relative to either average.
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Risks
The trust is exposed to property-market conditions and the performance of its self-storage centres across Australia and New Zealand. Revenue growth of 14.60% is encouraging, but the reported profit margin is 8.40%, so growth should be considered alongside profitability. The 52-week range of A$2.17 to A$2.85 also shows the breadth of price movement over the period. A 4.16% dividend yield may be relevant to income-focused investors, but distributions can vary and are not guaranteed.
FAQ
What does National Storage REIT do?
National Storage REIT owns and operates self-storage centres in Australia and New Zealand, serving residential and commercial customers. The business description reports more than 290 centres and over 100,000 customers.
How has National Storage REIT’s revenue been growing?
The supplied figures show revenue of A$417.8 million and revenue growth of 14.60%. Growth is an important indicator, but it does not by itself show how much cash is available for distributions or property investment.
What valuation and distribution figures are available for NSR?
National Storage REIT has a market capitalisation of A$4.3 billion and a stated dividend yield of 4.16%. Its reported P/E ratio is 279, a high headline multiple that should be considered in the context of a property trust’s earnings and asset-based business.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
