Valuation National Storage REIT

Equities

Market Closed - Australian S.E. Other stock markets 12:10:06 2025-12-17 am EST			5-day change	1st Jan Change
2.780 ^AUD	0.00%		0.00%	+18.80%

Dec. 11	National Storage REIT Declares Dividend for Fiscal Half Year	MT
Dec. 08	Brookfield and GIC Reportedly Engage with Abacus Storage King for Potential Future Buyout	CI

Data adjusted to current consolidation scope

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	2,342	2,558	3,169	3,152	3,200	3,903	-	-
Change	-	9.22%	23.86%	-0.53%	1.54%	21.97%	-	-
Enterprise Value (EV) ¹	3,005	3,447	4,043	4,492	5,026	5,847	6,021	6,206
Change	-	14.71%	17.29%	11.12%	11.88%	16.33%	2.99%	3.07%
P/E ratio	6.55x	4.11x	9.13x	13.6x	13.5x	23.2x	21.6x	20.4x
PBR	1.17x	0.9x	0.94x	0.9x	0.88x	1.03x	1x	0.96x
PEG	-	0.1x	-0.2x	-0.4x	14.25x	-0.8x	2.98x	3.5x
Capitalization / Revenue	10.8x	9.17x	9.6x	9.03x	8.72x	9.53x	8.74x	8.09x
EV / Revenue	13.8x	12.4x	12.2x	12.9x	13.7x	14.3x	13.5x	12.9x
EV / EBITDA	23.6x	21.2x	21x	23.6x	26.3x	25.9x	24.4x	23.1x
EV / EBIT	24x	21.7x	21.3x	23.8x	26.8x	26.3x	24.6x	23.2x
EV / FCF	22.4x	29.2x	-	-58.7x	-20.7x	-113x	-320x	314x
FCF Yield	4.47%	3.42%	-	-1.7%	-4.84%	-0.88%	-0.31%	0.32%
Dividend per Share ²	0.082	0.1	0.11	0.11	0.111	0.1179	0.1236	0.1294
Rate of return	4.14%	4.67%	4.68%	4.78%	4.83%	4.24%	4.45%	4.65%
EPS ²	0.3021	0.5205	0.2575	0.1689	0.1705	0.1198	0.1285	0.136
Distribution rate	27.1%	19.2%	42.7%	65.1%	65.1%	98.4%	96.2%	95.2%
Net sales ¹	217.7	278.9	330	349	366.8	409.7	446.7	482.6
EBITDA ¹	127.4	162.3	192.6	190.2	191.3	226	246.9	268.7
EBIT ¹	125.1	159.1	189.8	188.8	187.6	222.4	244.4	267
Net income ¹	309.7	27.22	37.3	28.93	27.5	169.4	227.6	201.6
Net Debt ¹	662.1	888.4	873.8	1,340	1,826	1,943	2,118	2,303
Reference price ²	1.980	2.140	2.350	2.300	2.300	2.780	2.780	2.780
Nbr of stocks (in thousands)	1,183,070	1,195,498	1,348,383	1,370,353	1,391,438	1,404,060	-	-
Announcement Date	8/24/21	8/21/22	8/22/23	8/20/24	8/20/25	-	-	-

¹AUD in Million²AUD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NATIONAL STORAGE REIT	23.2x	14.27x	25.87x	4.24%	2.59B
PUBLIC STORAGE	30.21x	11.95x	16.82x	4.46%	46.93B
EXTRA SPACE STORAGE INC.	30.24x	14.29x	17.34x	4.86%	27.74B
CUBESMART	24.63x	10.42x	16.28x	5.73%	8.16B
LINEAGE, INC.	-70.92x	2.84x	11.91x	5.84%	7.85B
SHURGARD SELF-STORAGE LTD.	10.01x	10.03x	16.84x	3.99%	3.45B
BIG YELLOW GROUP PLC	10.25x	11.41x	18.29x	4.73%	2.62B
NATIONAL STORAGE AFFILIATES TRUST	43.63x	7.58x	11.78x	7.76%	2.21B
SAFESTORE HOLDINGS PLC	9.26x	10.29x	18.87x	4.49%	2.02B
SMARTSTOP SELF STORAGE REIT, INC.	-270.33x	10.44x	20.29x	-	1.77B
Average	-15.98x	10.35x	17.43x	5.12%	10.53B
Weighted average by Cap.	15.74x	11.60x	16.80x	4.83%