JP Morgan Asia Conference Presentation
Brisbane, Mar 21, 2016 AEST (ABN Newswire) - National Storage REIT (
ASX:NSR) are pleased to provide the Company presentation titled: "JP Morgan Asia Conference Presentation."
HIGHLIGHTS
1H FY 2016
- A-IFRS profit after tax of $20.6 million
- Underlying earnings* of $14.3 million (4.3 cents per security)
FY 2016 GUIDANCE
- FY16 underlying earnings guidance remains unchanged at 8.7 - 8.8 cents per security ($29.0m - $29.5m) representing underlying EPS growth of 6.0% - 7.5% on FY15 (assuming no material changes in market conditions)
- Distribution payout ratio is forecast to remain between 90% - 100% of underlying earnings
ACHIEVEMENTS
- Underlying earnings up 35% on 1H FY15
- EPS up 13.2% to 4.3 cents per security on 1H FY15
- Successful integration of New Zealand into management platform
- 5% increase in rate per sqm across the total portfolio (excluding developing centres)
- 20% increase in total assets under management to $886 million
- Established (IPO) portfolio EBITDA grew by 4.3% H1 FY16 v H1 FY15
To view the presentation, please visit:
http://abnnewswire.net/lnk/0HV376H3
About National Storage REIT
National Storage (ASX:NSR) is one of the largest self-storage providers in Australia and New Zealand, with 123 centres providing tailored storage solutions to over 40,000 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).
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