NATIONAL STORAGE REIT (NSR)
Share Price Analysis and Chart

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NSR - NATIONAL STORAGE REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 5.32
Index: ASX200 | ASX300 | ALL-ORDS

National Storage is a real estate trust that owns and operates over 160 self storage facilities in Australia and New Zealand. It listed on the ASX in 2013.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.40

25 Jul
2024

-0.010

OPEN

$2.40

-0.41%

HIGH

$2.41

3,374,408

LOW

$2.39

TARGET
$2.40
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
NSR: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 25.8 11.3 xxx
DPS (cps) xxx 11.0 10.8 xxx
EPS Growth xxx - 50.5% - 56.2% xxx
DPS Growth xxx 10.0% - 1.6% xxx
PE Ratio xxx N/A 21.2 xxx
Dividend Yield xxx N/A 4.5% xxx
Div Pay Ratio(%) xxx 42.7% 95.8% xxx

Dividend yield today if purchased 3 years ago: 5.09%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.58

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 28/12 - ex-div 5.5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx25.8
DPS All xxxxxxxxxxxxxxx11.0
Sales/Revenue xxxxxxxxxxxxxxx331.4 M
Book Value Per Share xxxxxxxxxxxxxxx251.2
Net Operating Cash Flow xxxxxxxxxxxxxxx143.3 M
Net Profit Margin xxxxxxxxxxxxxxx96.67 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx10.29 %
Return on Invested Capital xxxxxxxxxxxxxxx7.70 %
Return on Assets xxxxxxxxxxxxxxx7.42 %
Return on Equity xxxxxxxxxxxxxxx10.29 %
Return on Total Capital xxxxxxxxxxxxxxx4.63 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx31.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx11 M
Long Term Debt xxxxxxxxxxxxxxx1,031 M
Total Debt xxxxxxxxxxxxxxx1,043 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx67 M
Price To Book Value xxxxxxxxxxxxxxx0.94

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx7.8 M
Capex % of Sales xxxxxxxxxxxxxxx2.34 %
Cost of Goods Sold xxxxxxxxxxxxxxx7 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx131 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,405 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

28/06/2024

3

Hold

$2.30

-4.17%

Following changes reported in terms of coverage of technology and mining stocks, Ord Minnett today has communicated broad changes to its coverage of A-REITs.

National Storage REIT is rated Hold with a price target of $2.30.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 10.20 cents and EPS of 11.30 cents.
Ord Minnett forecasts a full year FY25 dividend of 10.70 cents and EPS of 11.80 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

01/03/2024

3

Downgrade to Hold from Buy

$2.38

-0.83%

National Storage REIT's interim earnings met Moelis' expectations, rising 6% over the previous corresponding period.

There was a slight reduction in occupancy, down -0.7% over the 6-month period to 84.1%, notes the analyst, as well as an additional 13 sites have been added, totaling $124m.

Management reconfirmed FY24 guidance of 11.3cps and there are no major changes to the broker's forecasts.

The rating is downgraded to Hold from Buy and the target price is lowered to $2.38 from $2.41.

FORECAST
Moelis forecasts a full year FY24 dividend of 11.00 cents and EPS of 11.30 cents.
Moelis forecasts a full year FY25 dividend of 11.10 cents and EPS of 11.70 cents.
Access Stockbroker Research History >

NSR STOCK CHART

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