National Storage REIT's decade of success

National Storage REIT (ASX:NSR) celebrates its tenth anniversary since listing on the Australian Stock Exchange. Over these years, NSR grew from 62 centres to more than 250, with a market capitalization approaching $3.5 billion. The company boasts total assets exceeding $5 billion and has delivered over 300% returns to security holders. For FY24, NSR reported a 9% rise in earnings to $154 million and a record revenue of $355 million.

National Storage REIT's strategic growth and future outlook

National Storage REIT (ASX:NSR) has significantly expanded its footprint to over 250 centres and a market capitalization nearing $3.5 billion. The company has maintained a strong growth trajectory with total assets exceeding $5 billion and a compound annual growth rate of over 20% for underlying earnings and revenue. NSR's partnerships, such as those with MAAS Group and GIC, bolster its development capabilities, with plans to invest $270 million in new self-storage centres. NSR's conservative capital management, with a gearing of 26.6% and increased debt facilities, aligns with its strategy of organic growth, acquisitions, and sustainability. Looking ahead, NSR forecasts a minimum underlying EPS of 11.8 cents for FY25, with expectations of underlying earnings surpassing $163 million.

Executive insights on National Storage REIT's achievements

Our robust business model and dedicated team are key to our success. We've grown our average rate and revenue per available square metre. Our development pipeline is strong, and our partnerships enhance our growth capabilities. We remain focused on organic growth, acquisitions, technology, and sustainability.