National Storage REIT Posts Higher Fiscal H1 Underlying Earnings as Revenue Rises; Reaffirms Fiscal 2025 Underling EPS Outlook

MT Newswires Live
02-26

National Storage REIT (ASX:NSR) reported Wednesday that its underlying earnings per stapled security in fiscal H1 rose to AU$0.062, compared with the prior year's AU$0.0583.

Analysts polled by Visible Alpha were expecting underlying EPS of AU$0.06.

Revenue for the six month period ended Dec. 31, 2024 was AU$190.5 million, up 10% from AU$173.9 million in the same period last year. Analysts surveyed by Visible Alpha were expecting revenue of AU$191.8 million.

The real estate investment trust reaffirmed its fiscal 2025 underlying EPS to be a minimum of AU$0.118 per security and its policy to distribute 90% to 100% of its underlying earnings.

The board declared an interim dividend of AU$0.055 per share, unchanged from the previous reported period, payable on Mar.3 to shareholders on record as of Dec.31,2024.

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