Brisbane, Feb 22, 2017 AEST (ABN Newswire) - National Storage REIT (ASX:NSR) is pleased to provide the Company's Half Year Results Presentation.

1H FY17 HIGHLIGHTS

- 41% increase in underlying earnings 1H FY17 driven by strong trading and recent acquisitions

- FY17 EPS guidance 9.2 - 9.4 cents affirmed delivering 5.8% - 8.0% EPS growth

- 5 new acquisitions adding 27,600sqm NLA in addition to the 26-centre Southern Cross portfolio

- 15% growth in assets under management (AUM) driven by acquisitions and valuation gains of $20.5million. 9.8% growth in net tangible assets during 1H FY17

- 2.6% increase in REVPAM achieved during 1H17. Significant growth in Nov & Dec provides momentum for 2H17

- Institutional term loan delivering 8 and 10 year debt tenors. Gearing reduced to 34.6%

DRIVING OCCUPANCY GROWTH

NSR Established Portfolio

- Increase of 4.7% to 77.9% in the six months to 31 December 2016

- Increase of 6.2% in the twelve months to 31 December 2016

NSR Developing Portfolio

- Increase of 7.3% to 52.9% in the six months to 31 December 2016

- Increase of 11.1% in the twelve months to 31 December 2016

NSR Acquired Portfolio

- 80.5% occupancy at 31 December 2016

ACQUISITIONS

- Active growth strategy to consolidate highly fragmented industry, leveraging fully-integrated scalable platform

- Announced 5 acquisitions across Australia and New Zealand since June 2016 (excluding Southern Cross) with a total combined purchase price of $80 million

- Timing and nature of acquisitions will see contribution to earnings flow through into 2H FY17 and beyond

- Strong potential acquisition pipeline estimated in excess of $100 million

- Multiple potential acquisition opportunities under active consideration

To view the presentation, please visit:
http://abnnewswire.net/lnk/P6T4Q6O8


About National Storage REIT

National Storage REITNational Storage (ASX:NSR) is one of the largest self-storage providers in Australia and New Zealand, with 113 centres providing tailored storage solutions to over 35,000 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).

      


Contact

Andrew Catsoulis
Managing Director
T: +61-7-3218-8100

Makala Ffrench Castelli
General Manager - Marketing & Corporate
T: +61-7-3218-8116
M: +61-481-001-330



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