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	Dec 31, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Rental Revenue	345.41	333.11	312.74	260.93	201.56	164.08
Other Revenue	24.59	21.59	14.72	16.95	14.96	12.07
Total Revenue	369.99	354.69	327.46	277.88	216.51	176.15
Revenue Growth (YoY	8.94%	8.32%	17.84%	28.34%	22.91%	10.84%
Property Expenses	54.66	50.46	44.43	39.89	31.2	26.57
Selling, General & Administrative	19.41	17.81	18.32	16.33	11.79	4.28
Other Operating Expenses	76.22	75.82	74.49	66.65	55.89	46.98
Total Operating Expenses	150.29	144.09	137.24	122.87	98.87	77.82
Operating Income	219.71	210.61	190.22	155.01	117.64	98.33
Interest Expense	-55.45	-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)	-0.95	-0.45	1.4	-0.83	-0.07	-
Other Non-Operating Income	-3.24	-1.24	-3.31	-7.82	-10.92	-7.76
EBT Excluding Unusual Items	162.29	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	-10.02	-9.72	-8.36	-6.76	-4.13	-0.38
Asset Writedown	104.37	94.17	194.32	516.95	235.79	62.75
Pretax Income	248.54	241.74	334.22	630.86	310.57	119.51
Income Tax Expense	9.57	11.47	13.82	10.24	0.86	-2.27
Earnings From Continuing Operations	238.97	230.27	320.4	620.62	309.71	121.78
Minority Interest in Earnings	-217.24	-201.34	-283.1	-593.4	-305.98	-127.76
Net Income	21.73	28.93	37.3	27.22	3.73	-5.98
Net Income to Common	21.73	28.93	37.3	27.22	3.73	-5.98
Net Income Growth	-38.85%	-22.44%	37.05%	630.15%	-	-
Basic Shares Outstanding	1,372	1,362	1,244	1,198	1,028	835
Diluted Shares Outstanding	1,401	1,363	1,246	1,200	1,028	835
Shares Change (YoY)	6.10%	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	-42.37%	-29.12%	32.02%	525.57%	-	-
Dividend Per Share	0.110	0.110	0.110	0.100	0.082	0.081
Dividend Growth	-	-	10.00%	21.95%	1.23%	-15.63%
Operating Margin	59.38%	59.38%	58.09%	55.78%	54.33%	55.82%
Profit Margin	5.87%	8.16%	11.39%	9.80%	1.72%	-3.40%
EBITDA	221.44	212.21	191.56	156.86	118.83	99.22
EBITDA Margin	59.85%	59.83%	58.50%	56.45%	54.88%	56.32%
D&A For Ebitda	1.73	1.6	1.34	1.85	1.19	0.89
EBIT	219.71	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	3.85%	4.75%	4.13%	1.62%	0.28%	-
Revenue as Reported	371.97	355.37	330.04	278.89	217.75	177.91

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.