National Storage REIT
Company Profile
Business description
National Storage REIT is the largest self-storage operator in Australia and New Zealand. Majority of its income is derived from rents. Additional revenue streams come from ancillary products and services such as packaging materials, locks, and insurance. The REIT owns most of the centers it operates, and leases roughly a dozen of the sites secured under long-term agreements. The self-storage industry is fragmented, with three large players in National Storage, the listed Abacus Storage King, and privately owned Kennards, accounting for about one-third of the market. The rest are independent operators, with a single center or a small state-based portfolio of assets. Besides organic rent increases, the company’s key growth drivers are acquisitions and developments.
Contact
1 Eagle Street
Level 16
BrisbaneQLD4000
AUST: +61 1300216803
Sector
Real Estate
Stock type
Cyclical
Industry
REIT - Industrial
Fiscal Year End
30 June 2025
Employees
670
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