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National Storage REITASX:NSR Stock Report

Market Cap AU$3.2b
Share Price
AU$2.30
My Fair Value
AU$2.62
12.1% undervalued intrinsic discount
1Y-8.4%
7D-5.3%
Portfolio Value
View

National Storage REIT

ASX:NSR Stock Report

Market Cap: AU$3.2b

National Storage REIT (NSR) Stock Overview

National Storage is the largest self-storage provider in Australia and New Zealand, with over 275 locations providing tailored storage solutions to more than 94,500 residential and commercial customers. More details

NSR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance1/6
Financial Health1/6
Dividends5/6

NSR Community Fair Values

Create Narrative

See what 24 others think this stock is worth. Follow their fair value or set your own to get alerts.

National Storage REIT Competitors

Price History & Performance

Summary of share price highs, lows and changes for National Storage REIT
Historical stock prices
Current Share PriceAU$2.30
52 Week HighAU$2.56
52 Week LowAU$2.05
Beta0.49
1 Month Change-1.71%
3 Month Change-3.36%
1 Year Change-8.37%
3 Year Change-6.88%
5 Year Change24.32%
Change since IPO135.90%

Recent News & Updates

Recent updates

With EPS Growth And More, National Storage REIT (ASX:NSR) Makes An Interesting Case

Dec 27
With EPS Growth And More, National Storage REIT (ASX:NSR) Makes An Interesting Case

We Ran A Stock Scan For Earnings Growth And National Storage REIT (ASX:NSR) Passed With Ease

Sep 13
We Ran A Stock Scan For Earnings Growth And National Storage REIT (ASX:NSR) Passed With Ease

Shareholder Returns

NSRAU Specialized REITsAU Market
7D-5.3%-5.2%-1.5%
1Y-8.4%0.8%9.4%

Return vs Industry: NSR underperformed the Australian Specialized REITs industry which returned 0.2% over the past year.

Return vs Market: NSR underperformed the Australian Market which returned 8.9% over the past year.

Price Volatility

Is NSR's price volatile compared to industry and market?
NSR volatility
NSR Average Weekly Movement2.4%
Specialized REITs Industry Average Movement2.7%
Market Average Movement9.5%
10% most volatile stocks in AU Market20.2%
10% least volatile stocks in AU Market3.5%

Stable Share Price: NSR has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: NSR's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000679Andrew Catsouliswww.nationalstorage.com.au

National Storage is the largest self-storage provider in Australia and New Zealand, with over 275 locations providing tailored storage solutions to more than 94,500 residential and commercial customers. NSR is the first independent, internally managed and fully integrated owner and operator of self-storage centres to be listed on the Australian Securities Exchange (ASX).

National Storage REIT Fundamentals Summary

How do National Storage REIT's earnings and revenue compare to its market cap?
NSR fundamental statistics
Market capAU$3.23b
Earnings (TTM)AU$27.50m
Revenue (TTM)AU$390.20m
117.4x
P/E Ratio
8.3x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NSR income statement (TTM)
RevenueAU$390.20m
Cost of RevenueAU$51.10m
Gross ProfitAU$339.10m
Other ExpensesAU$311.60m
EarningsAU$27.50m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.02
Gross Margin86.90%
Net Profit Margin7.05%
Debt/Equity Ratio52.5%

How did NSR perform over the long term?

See historical performance and comparison

Dividends

4.9%
Current Dividend Yield
48%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/31 05:17
End of Day Share Price 2025/10/31 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

National Storage REIT is covered by 17 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Mollie UrquhartBarrenjoey Markets Pty Limited
Benjamin BrayshawBarrenjoey Markets Pty Limited