AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Real estate entity National Storage REIT today announced its results of its full year performance to 30 June 2018. Profit after tax grew 41% to $145.8 million as total revenue increased to $135.3 million from $114.1 million in previous year.
Unaudited underlying earnings up 12.5% to $51.4 million which includes higher finance cost of $19.9 million reflecting higher borrowings associated with acquisitions. Underlying earnings per share was 9.6 cents per share, in line with guidance, up 4.3% on FY17.
The group has made fair value adjustments of $89.7 million resulting from valuation uplifts of $112 million during FY18. There has been 23% increase in total assets under management to $1.4 billion over past 12 months.
[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]Self-storage Group, NSR has shown continued acquisition growth during the year as it reported $155.3 million of acquisitions settled in New South Wales, New Zealand, Northern Territory, Victoria, Western Australia, and Queensland during fiscal 2018. More than half of total acquisitions was made in Queensland for $83.9 million.
Company declared final distribution of 4.9 cents per share bringing total FY18 distribution to 9.6 cents per share. At 30 June 2018 cash was $21.3 million and gearing was 38%, well within the target range of 25% to 40%.
In FY19 guidance, company expects underlying EPS to range between 9.6 cents to 9.9 cents taking into account the equity raising and the gradual deployment of proceeds. Underlying earnings growth is expected to lie between $62.5 million to $64.5 million.
Today, 22 August 2018, NSR was placed in trading halt at NSRâs request, pending its outcome on institutional component of entitlement offer. Prior to trading halt which is expected to continue till Friday 24 August 2018, NSR last closed at $1.775 on 21 August 2018.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
