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National Storage REIT ASX:NSR Stock Report

Last Price

AU$2.45

Market Cap

AU$3.4b

7D

1.2%

1Y

12.4%

Updated

11 Sep, 2024

Data

Company Financials +

National Storage REIT

ASX:NSR Stock Report

Market Cap: AU$3.4b

NSR Stock Overview

National Storage is the largest self-storage provider in Australia and New Zealand, with over 225 centres providing tailored storage solutions to over 90,000 residential and commercial customers.

About the company

NSR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance1/6
Financial Health4/6
Dividends5/6

Rewards

Trading at 38.9% below our estimate of its fair value
Earnings are forecast to grow 19.36% per year
Pays a reliable dividend of 4.49%

Risk Analysis

Large one-off items impacting financial results

National Storage REIT Competitors

Abacus Storage King

ASX:ASK

AU$1.7b

Arena REIT

ASX:ARF

AU$1.6b

Region Group

ASX:RGN

AU$2.7b

Ingenia Communities Group

ASX:INA

AU$2.1b

Price History & Performance

Summary of all time highs, changes and price drops for National Storage REIT
Historical stock prices
Current Share PriceAU$2.45
52 Week HighAU$2.49
52 Week LowAU$1.99
Beta0.68
11 Month Change1.66%
3 Month Change6.52%
1 Year Change12.39%
33 Year Change2.94%
5 Year Change36.87%
Change since IPO151.28%

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
7D1.2%1.3%-1.3%
1Y12.4%8.9%10.4%

Return vs Industry: NSR exceeded the Australian Specialized REITs industry which returned 8.9% over the past year.

Return vs Market: NSR exceeded the Australian Market which returned 10.4% over the past year.

Price Volatility

Is NSR's price volatile compared to industry and market?
NSR volatility
NSR Average Weekly Movement2.2%
Specialized REITs Industry Average Movement3.1%
Market Average Movement8.3%
10% most volatile stocks in AU Market16.9%
10% least volatile stocks in AU Market3.5%

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

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

About the Company

FoundedEmployeesCEOWebsite
2000670Andrew Catsouliswww.nationalstorage.com.au

National Storage is the largest self-storage provider in Australia and New Zealand, with over 225 centres providing tailored storage solutions to over 90,000 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$3.41b
Earnings (TTM)AU$28.93m
Revenue (TTM)AU$354.69m

117.0x

P/E Ratio

9.5x

P/S Ratio

Is NSR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NSR income statement (TTM)
RevenueAU$354.69m
Cost of RevenueAU$43.26m
Gross ProfitAU$311.43m
Other ExpensesAU$282.50m
EarningsAU$28.93m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.021
Gross Margin87.80%
Net Profit Margin8.16%
Debt/Equity Ratio40.2%

How did NSR perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

56%

Payout Ratio