NATIONAL STORAGE REIT (ASX: NSR)
National Storage REIT is one of the leading Self-storage providers in Australia. On the Financial front the operating profit of the company increased by 19% to $76.4 million in FY 2018 from $64.4 million in FY 2017. The Profit after tax of the company increased by 41% to $145.8 million in FY 2018 from $103.4 million in FY 2017. As at 30 June 2018, the company had cash and cash equivalent of $21.3 million. The company’s NTA increased by 13% to $1.51 per stapled security from $1.34 in last year. Recently, the company announced the completion of the retail entitlement offer of its 5 for 37 pro-rata accelerated non-renounceable entitlement offer of new ordinary stapled securities in NSR. Meanwhile, the share price has risen by a meagre of 1.39 percent in the past three months as of October 2, 2018 and traded close to very high PE level of 500x. Further, the stock traded around 7% discount to 12-month high of $1.771 against the 16% premium to 12-month low of $1.419; and has maintained growing dividends over the last 5 years.
WESTPAC BANKING CORPORATION (ASX: WBC)
Westpac Banking Corporation (ASX: WBC), a provider of banking and financial services in Australia, has had a decent first half year result. In the first half of FY 2018, the statutory net profit of the Westpac increased by 7% to $4,198 million compared to the HY2017. The earnings per share of Westpac increased by 4% to 125.0 cents. The cash earning of the Westpac increased by 6 percent in HY2018 to $4,251 million compared to the corresponding previous year. Westpac declared interim fully franked dividend of 94 cents per share for HY2018. Meanwhile, the share price has declined by 6.65 percent in the past three months as of October 2, 2018 and traded close to PE level of 11.23x. Lately the group indicated for $235 million reduction in its full year 2018 cash earnings. This comes at the back of rise in provision made for customer refunds in respect of inadequate financial services that the group provided. This has impacted the stock a bit, but the fundamentals still stay intact and the group aims to mitigate other challenges like Royal Commission in an effective manner while it focuses on shareholder returns.
REA GROUP LTD (ASX: REA)
Rea Group Ltd (ASX: REA) is in the business of providing advertising services to the real estate Industry in Australia and Asia. In FY 2018, the total revenue of the company increased by 20% to $807.7 million compared to the last year. The NPAT of the company increased by 23% to $279.9 million in FY 2018. The EBITDA of the company increased by 22% to $463.7 million in FY 2018. The earning per share of the company increased by 23% to 212.5 cents in FY 2018. Due to funding of new investments and repayment of debt the cash position of the company reduced from $358.5 million in FY 2017 to $115.8 million in FY 2018. In FY 2019, the company is expecting the revenue growth to exceed the expense growth, however this will not be the case in every quarter. Meanwhile, the share price has declined by 7 percent in the past three months and traded close to PE level of 44.4x. The stock looks at a higher level at this juncture with a neutral relative strength while it may face initial resistance around $ 85.657.
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