National Storage REIT revenue rises 30%

Company News

National Storage REIT (ASX:NSR) has recorded a 30 percent increase in total revenue to $37.3 million for the six months to 31 December 2015.
 
The self-storage facility owner and operator announced an A-IFRS profit after tax of $20.6 million.
 
Managing Director Andrew Catsoulis said the company has achieved growth across the portfolio in varied trading conditions and is well positioned to continue to deliver growth into the second half of 2016.
 
The company maintains FY16 underlying earnings guidance of $29 to $29.5 million assuming no change in market conditions.