National Storage REIT Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Andrew Catsoulis

Chief executive officer

AU$3.5m

Total compensation

CEO salary percentage	34.5%
CEO tenure	10.5yrs
CEO ownership	1.2%
Management average tenure	8.5yrs
Board average tenure	9.5yrs

Recent management updates

Recent updates

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

Dec 27

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

Sep 13

CEO Compensation Analysis

How has Andrew Catsoulis's remuneration changed compared to National Storage REIT's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$36m
Sep 30 2023	n/a	n/a	AU$36m
Jun 30 2023	AU$4m	AU$1m	AU$37m
Mar 31 2023	n/a	n/a	AU$38m
Dec 31 2022	n/a	n/a	AU$38m
Sep 30 2022	n/a	n/a	AU$32m
Jun 30 2022	AU$3m	AU$1m	AU$27m
Mar 31 2022	n/a	n/a	AU$19m
Dec 31 2021	n/a	n/a	AU$11m
Sep 30 2021	n/a	n/a	AU$7m
Jun 30 2021	AU$3m	AU$1m	AU$4m
Mar 31 2021	n/a	n/a	-AU$898k
Dec 31 2020	n/a	n/a	-AU$6m
Sep 30 2020	n/a	n/a	-AU$6m
Jun 30 2020	AU$2m	AU$1m	-AU$6m
Mar 31 2020	n/a	n/a	-AU$1m
Dec 31 2019	n/a	n/a	AU$4m
Sep 30 2019	n/a	n/a	AU$5m
Jun 30 2019	AU$2m	AU$956k	AU$5m
Mar 31 2019	n/a	n/a	AU$8m
Dec 31 2018	n/a	n/a	AU$10m
Sep 30 2018	n/a	n/a	AU$6m
Jun 30 2018	AU$1m	AU$900k	AU$2m
Mar 31 2018	n/a	n/a	AU$2m
Dec 31 2017	n/a	n/a	AU$2m
Sep 30 2017	n/a	n/a	AU$4m
Jun 30 2017	AU$1m	AU$800k	AU$7m

Compensation vs Market: Andrew's total compensation ($USD2.28M) is above average for companies of similar size in the Australian market ($USD1.44M).

Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.

CEO

Andrew Catsoulis

10.5yrs

Tenure

AU$3,519,119

Compensation

Mr. Andrew Catsoulis, BA, LLB, Grad Dip Project Mgmt (Hons) serves as Managing Director and Director of National Storage REIT. He serves as Managing Director and Director of National Storage Holdings Limit...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Catsoulis	MD & Director	no data	AU$3.52m	1.15% A$ 34.1m
Stuart Owen	Chief Financial Officer	9.6yrs	AU$1.59m	0.030% A$ 897.2k
Claire Fidler	Head of Legal & Governance and Company Secretary	8.5yrs	AU$947.61k	0.018% A$ 546.7k
Manny Lynch	Chief People Officer	no data	no data	no data
Katherine Hammond	Interim Company Secretary	less than a year	no data	no data

8.5yrs

Average Tenure

Experienced Management: NSR's management team is seasoned and experienced (8.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Catsoulis	MD & Director	10.5yrs	AU$3.52m	1.15% A$ 34.1m
Howard Brenchley	Independent Non-Executive Director	9.5yrs	AU$186.40k	0.0099% A$ 292.1k
Anthony Keane	Independent Chairman of the Board	10.5yrs	AU$328.15k	0.019% A$ 549.7k
Scott Smith	Independent Non-Executive Director	1.9yrs	AU$168.03k	0.011% A$ 334.8k
Inmaculada Beaumont	Independent Non-Executive Director	1.9yrs	AU$161.31k	0.0027% A$ 80.8k

9.5yrs

Average Tenure

Experienced Board: NSR's board of directors are considered experienced (9.5 years average tenure).

National Storage REIT Management

Management criteria checks 3/4

Key information

Recent management updates

National Storage REIT, Annual General Meeting, Oct 25, 2023

Independent Non-Executive Director recently bought AU$61k worth of stock

Non-Executive Director recently bought AU$243k worth of stock

Less than half of directors are independent

National Storage REIT Announces Board Changes

Recent updates

National Storage REIT to Report First Half, 2024 Results on Feb 21, 2024

First half 2024 earnings released: EPS: AU$0.012 (vs AU$0.015 in 1H 2023)

Now 21% undervalued

Upcoming dividend of AU$0.055 per share at 4.8% yield

National Storage REIT Announces Dividend for the Six Months Ending December 31, 2023, Payable on March 1, 2024

National Storage REIT, Annual General Meeting, Oct 25, 2023

National Storage REIT Provides Earnings Guidance for the Year 2024

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

National Storage REIT Announces Dividend for A Period of Six Months Ended June 30, 2023, Payable on September 5, 2023

Now 21% undervalued after recent price drop

First half 2023 earnings released: EPS: AU$0.15 (vs AU$0.007 in 1H 2022)

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

Upcoming dividend of AU$0.055 per share

National Storage REIT Announces Dividend for the Six Months Ending December 31, 2022, Payable on March 1, 2023

Independent Non-Executive Director recently bought AU$61k worth of stock

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

Non-Executive Director recently bought AU$243k worth of stock

Full year 2022 earnings: EPS exceeds analyst expectations

National Storage REIT Announces Dividend for A Period of Six Months Ended June 30, 2022, Payable September 2, 2022

National Storage REIT Upgrades Earnings Guidance for the Year 2022

National Storage REIT Announces Dividend for the Six Months Ending June 30, 2022, Payable on September 2, 2022

Now 20% undervalued

Less than half of directors are independent

National Storage REIT Announces Board Changes

Price target increased to AU$2.40

First half 2022 earnings: EPS and revenues exceed analyst expectations

National Storage REIT Announces Dividend for the Six Months Ended December 31, 2021, Payable on March 1, 2022

Upcoming dividend of AU$0.046 per share

Price target increased to AU$2.29

Price target increased to AU$2.12

Full year 2021 earnings released: EPS AU$0.004 (vs AU$0.007 loss in FY 2020)

National Storage REIT Provides Earnings Guidance for the Fiscal 2022

New 90-day low: AU$1.85

First half 2021 earnings released: EPS AU$0.001 (vs AU$0.001 in 1H 2020)

Earnings beat expectations, revenue disappoints

Upcoming Dividend of AU$0.04 Per Share

New 90-day high: AU$1.95

National Storage REIT (ASX:NSR) completed the acquisition of National Storage Albion, Kelvin Grove and Canterbury Self Storage Centres in Australia.

Earnings released

Price target raised to AU$1.71

National Storage Holdings Limited Does Not Declare an Interim or Final Dividend for the Year Ending 30 June 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure