National Storage REIT announced an update as to its second half of fiscal year 2019 acquisition activity totaling AUD 235 million across both Australia and New Zealand (fiscal year 2019 AUD 370 million to date), the progress of the planned New Zealand capital partnership, the 30 June 2019 portfolio valuation process, and updated debt financing arrangements. NSR has completed the acquisition of 11 existing storage centres in Australia totaling AUD 127 million to date in second half of fiscal year 2019. Combined with 11 acquisitions totaling AUD 106 million in first half of fiscal year 2019, this brings its total Australian acquisitions to date in fiscal year 2019 to AUD 233 million. NSR has also sold the Biggera Waters (Gold Coast) development site to the Bryan Family Group (incorporating Leyshon) Joint Venture (in which NSR holds a 25% interest) for a total amount of AUD 26 million, which will be developed by the Joint Venture into a new storage centre. NSR has entered into arrangements or is in advanced negotiations to acquire approximately AUD 100 million of additional acquisitions in Australia, which are expected to settle by the end of first quarter of fiscal year 2020. In addition to the Australian acquisitions, NSR has successfully completed the acquisition of 8 existing storage centres, a further 2 development sites, and one expansion opportunity in New Zealand to date in second half of fiscal year 2019, for a total amount of approximately NZD 114 million (AUD 109 million). Combined with the acquisition of one storage centre and a development site totaling NZD 30 million (AUD 29 million) in first half of 2019, this brings its total New Zealand acquisitions to date in fiscal year 2019 to NZD 144 million (AUD 138 million). NSR continues to proactively progress the New Zealand capital partnership opportunity and will provide a further update at, or prior to, its fiscal year 2019 results presentation in August 2019.

For the fiscal year 2019, the company expects EPS to be 9.6 cents per stapled security.

For the fiscal year 2020, the company expects EPS growth of greater than 4%.