National Storage REIT (ASX:NSR)

National Storage REIT Income Statement

Financials in millions AUD. Fiscal year is July - June.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Rental Revenue	361.5	350.6	333.1	312.74	260.93	201.56
Other Revenue	45.8	39.6	20.9	14.72	16.95	14.96
Total Revenue	411.5	390.2	354	327.46	277.88	216.51
Revenue Growth (YoY	11.43%	10.23%	8.11%	17.84%	28.34%	22.91%
Property Expenses	63	59.4	50.5	44.43	39.89	31.2
Selling, General & Administrative	27	23	17.9	18.32	16.33	11.79
Other Operating Expenses	86.3	81.3	75.6	74.49	66.65	55.89
Total Operating Expenses	176.3	163.7	144	137.24	122.87	98.87
Operating Income	235.2	226.5	210	190.22	155.01	117.64
Interest Expense	-69.1	-59.3	-48.6	-42.6	-24.32	-27.58
Interest & Investment Income	0.8	1.9	2.3	2.65	0.75	0.87
Currency Exchange Gain (Loss)	-3.4	1.5	-0.5	1.4	-0.83	-0.07
Other Non-Operating Income	-21.8	-31.1	-1.3	-3.31	-7.82	-10.92
EBT Excluding Unusual Items	148	139.5	161.9	148.36	122.79	79.93
Gain (Loss) on Sale of Investments	9	9	0.3	-0.1	2	-0.2
Gain (Loss) on Sale of Assets	-5.3	-10.2	-9.7	-8.36	-6.76	-4.13
Asset Writedown	87.2	113.7	94.2	194.32	516.95	235.79
Pretax Income	233	248.4	241.8	334.22	630.86	310.57
Income Tax Expense	11.1	12.3	11.5	13.82	10.24	0.86
Earnings From Continuing Operations	221.9	236.1	230.3	320.4	620.62	309.71
Minority Interest in Earnings	-186.8	-208.6	-201.3	-283.1	-593.4	-305.98
Net Income	35.1	27.5	29	37.3	27.22	3.73
Net Income to Common	35.1	27.5	29	37.3	27.22	3.73
Net Income Growth	61.01%	-5.17%	-22.26%	37.05%	630.15%	-
Basic Shares Outstanding	856	1,384	1,364	1,244	1,198	1,028
Diluted Shares Outstanding	856	1,385	1,364	1,246	1,200	1,028
Shares Change (YoY)	-38.96%	1.50%	9.50%	3.81%	16.72%	23.18%
EPS (Basic)	0.04	0.02	0.02	0.03	0.02	0.00
EPS (Diluted)	0.04	0.02	0.02	0.03	0.02	0.00
EPS Growth	163.80%	-6.58%	-29.01%	32.02%	525.57%	-
Dividend Per Share	0.116	0.111	0.110	0.110	0.100	0.082
Dividend Growth	5.46%	0.91%	-	10.00%	21.95%	1.23%
Operating Margin	57.16%	58.05%	59.32%	58.09%	55.78%	54.33%
Profit Margin	8.53%	7.05%	8.19%	11.39%	9.80%	1.72%
EBITDA	237.1	228.3	211.6	191.56	156.86	118.83
EBITDA Margin	57.62%	58.51%	59.77%	58.50%	56.45%	54.88%
D&A For Ebitda	1.9	1.8	1.6	1.34	1.85	1.19
EBIT	235.2	226.5	210	190.22	155.01	117.64
EBIT Margin	57.16%	58.05%	59.32%	58.09%	55.78%	54.33%
Effective Tax Rate	4.76%	4.95%	4.76%	4.13%	1.62%	0.28%
Revenue as Reported	413	392.4	355.4	330.04	278.89	217.75

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.