National Storage REIT (ASX: NSR)

National Storage REIT Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Rental Revenue	333.11	333.11	312.74	260.93	201.56	164.08
Other Revenue	21.59	21.59	14.72	16.95	14.96	12.07
Total Revenue	354.69	354.69	327.46	277.88	216.51	176.15
Revenue Growth (YoY	8.32%	8.32%	17.84%	28.34%	22.91%	10.84%
Property Expenses	50.46	50.46	44.43	39.89	31.2	26.57
Selling, General & Administrative	17.81	17.81	18.32	16.33	11.79	4.28
Other Operating Expenses	75.82	75.82	74.49	66.65	55.89	46.98
Total Operating Expenses	144.09	144.09	137.24	122.87	98.87	77.82
Operating Income	210.61	210.61	190.22	155.01	117.64	98.33
Interest Expense	-48.65	-48.65	-42.6	-24.32	-27.58	-31.64
Interest & Investment Income	2.22	2.22	2.65	0.75	0.87	1.27
Currency Exchange Gain (Loss)	-0.45	-0.45	1.4	-0.83	-0.07	-
Other Non-Operating Income	-1.24	-1.24	-3.31	-7.82	-10.92	-7.76
EBT Excluding Unusual Items	162.49	162.49	148.36	122.79	79.93	60.2
Gain (Loss) on Sale of Investments	-0.3	-0.3	-0.1	2	-0.2	-
Gain (Loss) on Sale of Assets	-9.72	-9.72	-8.36	-6.76	-4.13	-0.38
Asset Writedown	94.17	94.17	194.32	516.95	235.79	62.75
Pretax Income	241.74	241.74	334.22	630.86	310.57	119.51
Income Tax Expense	11.47	11.47	13.82	10.24	0.86	-2.27
Earnings From Continuing Operations	230.27	230.27	320.4	620.62	309.71	121.78
Minority Interest in Earnings	-201.34	-201.34	-283.1	-593.4	-305.98	-127.76
Net Income	28.93	28.93	37.3	27.22	3.73	-5.98
Net Income to Common	28.93	28.93	37.3	27.22	3.73	-5.98
Net Income Growth	-22.44%	-22.44%	37.05%	630.15%	-	-
Basic Shares Outstanding	1,362	1,362	1,244	1,198	1,028	835
Diluted Shares Outstanding	1,363	1,363	1,246	1,200	1,028	835
Shares Change (YoY)	9.43%	9.43%	3.81%	16.72%	23.18%	24.42%
EPS (Basic)	0.02	0.02	0.03	0.02	0.00	-0.01
EPS (Diluted)	0.02	0.02	0.03	0.02	0.00	-0.01
EPS Growth	-29.12%	-29.12%	32.02%	525.57%	-	-
Dividend Per Share	0.110	0.110	0.110	0.100	0.082	0.081
Dividend Growth	0%	0%	10.00%	21.95%	1.23%	-15.63%
Operating Margin	59.38%	59.38%	58.09%	55.78%	54.33%	55.82%
Profit Margin	8.16%	8.16%	11.39%	9.80%	1.72%	-3.40%
Free Cash Flow Margin	51.99%	51.99%	57.51%	59.65%	62.43%	50.80%
EBITDA	212.21	212.21	191.56	156.86	118.83	99.22
EBITDA Margin	59.83%	59.83%	58.50%	56.45%	54.88%	56.32%
D&A For Ebitda	1.6	1.6	1.34	1.85	1.19	0.89
EBIT	210.61	210.61	190.22	155.01	117.64	98.33
EBIT Margin	59.38%	59.38%	58.09%	55.78%	54.33%	55.82%
Effective Tax Rate	4.75%	4.75%	4.13%	1.62%	0.28%	-
Revenue as Reported	355.37	355.37	330.04	278.89	217.75	177.91

Source: S&P Capital IQ. Real Estate template. Financial Sources.