National Storage REIT (NSR) — Cash Flow Quality Index
National Storage REIT (NSR) has a Cash Flow Quality Index of 0.92x as of December 2025. Operating cash flow of AU$67.90 Million is below net income of AU$73.70 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore National Storage REIT cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
National Storage REIT Cash Flow Quality Index (2017–2025)
Historical Cash Flow Quality Index for National Storage REIT across 9 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see NSR operating cash flow.
Annual Cash Flow Quality Index for National Storage REIT (2017–2025)
Year-by-year earnings quality comparison for National Storage REIT.
| Year | Quality Index | Operating CF (AUD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 7.95x | AU$218.60 Million | AU$27.50 Million | ▲ +1365.6% |
| 2024 | 0.54x | AU$124.90 Million | AU$230.27 Million | ▲ +21.2% |
| 2023 | 0.45x | AU$143.33 Million | AU$320.40 Million | ▲ +96.6% |
| 2022 | 0.23x | AU$141.24 Million | AU$620.62 Million | ▼ -38.0% |
| 2021 | 0.37x | AU$113.69 Million | AU$309.71 Million | ▼ -40.6% |
| 2020 | 0.62x | AU$75.27 Million | AU$121.78 Million | ▼ -96.4% |
| 2019 | 17.26x | AU$93.31 Million | AU$5.41 Million | ▼ -60.3% |
| 2018 | 43.47x | AU$76.99 Million | AU$1.77 Million | ▲ +377.3% |
| 2017 | 9.11x | AU$65.10 Million | AU$7.15 Million | — |