Report
Johannes Faul
EUR 101.80 For Business Accounts Only

Cash yields for self storage are higher than for most other property classes.

No-moat-rated National Storage REIT announced an equity raising to maintain its gearing levels within management’s guided range of 25%-40% following AUD 102 million worth of storage centre acquisitions in recent months. On a per-security basis, we expect the dilution from the issuance of some 43 million in new securities and additional interest costs from the increase in debt to be largely offset by additional earnings from the new centres. We maintain our fair value estimate of AUD 1.50. Nation...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Johannes Faul

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