National Storage REIT
National Storage is the largest self-storage provider in Australia and New Zealand. With over 290 centres providing tailored storage solutions to over 100,000 residential and commercial customers. NSR is the first independent, internally managed and fully integrated owner and operator of self-storage centres to be listed on the Australian Securities Exchange (ASX).
National Storage REIT (NTSGF) - Net Assets
Latest net assets as of June 2025: $3.64 Billion USD
Based on the latest financial reports, National Storage REIT (NTSGF) has net assets worth $3.64 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.80 Billion) and total liabilities ($2.16 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.64 Billion |
| % of Total Assets | 62.74% |
| Annual Growth Rate | 16.14% |
| 5-Year Change | 59.2% |
| 10-Year Change | N/A |
| Growth Volatility | 11.5 |
National Storage REIT - Net Assets Trend (2020–2025)
This chart illustrates how National Storage REIT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for National Storage REIT (2020–2025)
The table below shows the annual net assets of National Storage REIT from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $3.64 Billion | +3.72% |
| 2024-06-30 | $3.51 Billion | +3.55% |
| 2023-06-30 | $3.39 Billion | +19.29% |
| 2022-06-30 | $2.84 Billion | +24.26% |
| 2021-06-30 | $2.28 Billion | +32.69% |
| 2020-06-30 | $1.72 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Storage REIT's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1243.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $134.70 Million | 39.98% |
| Other Components | $202.20 Million | 60.02% |
| Total Equity | $336.90 Million | 100.00% |
National Storage REIT Competitors by Market Cap
The table below lists competitors of National Storage REIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taiwan High Speed Rail Corp
TW:2633
|
$1.81 Billion |
|
Elekta AB (publ)
PINK:EKTAF
|
$1.81 Billion |
|
Koza Altin Islemeleri A S
PINK:KOZAY
|
$1.82 Billion |
|
Macrolink Real Estate Co Ltd
SHE:000620
|
$1.82 Billion |
|
Agilysys Inc
NASDAQ:AGYS
|
$1.81 Billion |
|
CITIC Pacific Special Steel Group Co Ltd
SHE:000708
|
$1.81 Billion |
|
Shanghai V-Test Semiconductor Tech Co. Ltd. A
SHG:688372
|
$1.81 Billion |
|
Hammerson plc
PINK:HMSNF
|
$1.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Storage REIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 305,279,000 to 336,900,000, a change of 31,621,000 (10.4%).
- Net income of 27,500,000 contributed positively to equity growth.
- Dividend payments of 104,800,000 reduced retained earnings.
- Share repurchases of 100,000 reduced equity.
- Other factors increased equity by 109,021,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $27.50 Million | +8.16% |
| Dividends Paid | $104.80 Million | -31.11% |
| Share Repurchases | $100.00K | -0.03% |
| Other Changes | $109.02 Million | +32.36% |
| Total Change | $- | 10.36% |
Book Value vs Market Value Analysis
This analysis compares National Storage REIT's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.45x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9.39x to 5.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | $0.14 | $1.32 | x |
| 2021-06-30 | $0.15 | $1.32 | x |
| 2022-06-30 | $0.17 | $1.32 | x |
| 2023-06-30 | $0.20 | $1.32 | x |
| 2024-06-30 | $0.22 | $1.32 | x |
| 2025-06-30 | $0.24 | $1.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Storage REIT utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.68%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 17.21x
- Recent ROE (8.16%) is below the historical average (83.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -4.18% | -3.53% | 0.06x | 18.44x | $-20.30 Million |
| 2021 | 2.13% | 1.79% | 0.06x | 18.57x | $-13.78 Million |
| 2022 | 299.93% | 230.79% | 0.07x | 19.59x | $599.93 Million |
| 2023 | 117.55% | 100.08% | 0.07x | 16.81x | $293.14 Million |
| 2024 | 75.43% | 67.72% | 0.07x | 16.92x | $199.74 Million |
| 2025 | 8.16% | 7.68% | 0.06x | 17.21x | $-6.19 Million |
Industry Comparison
This section compares National Storage REIT's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $9,223,705,800
- Average return on equity (ROE) among peers: 6.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Storage REIT (NTSGF) | $3.64 Billion | -4.18% | 0.59x | $1.81 Billion |
| Ascendas Real Estate Investment Trust (ACDSF) | $10.27 Billion | 7.41% | 0.74x | $9.40 Billion |
| BWP Trust (BUNNF) | $986.32 Million | 8.26% | 0.26x | $1.54 Billion |
| Big Yellow Group Plc (BYLOF) | $58.39 Million | 1.11% | 1.38x | $2.16 Billion |
| Fibra Terrafina (CBAOF) | $36.60 Billion | 18.57% | 0.50x | $1.16 Billion |
| ESR-REIT (CGIUF) | $1.63 Billion | -14.26% | 0.87x | $119.59 Million |
| Americold Realty Trust (COLD) | $1.83 Billion | 2.63% | 1.28x | $3.22 Billion |
| CubeSmart (CUBE) | $2.95 Billion | 13.24% | 1.16x | $8.74 Billion |
| FIBRA Macquarie México (DBMBF) | $36.33 Billion | 10.92% | 0.46x | $1.13 Billion |
| DHAWF (DHAWF) | $589.00 Million | 0.00% | 1.00x | $146.66 Million |
| Dream Industrial Real Estate Investment Trust (DREUF) | $989.33 Million | 15.92% | 1.18x | $2.10 Billion |