Report
Johannes Faul
EUR 101.80 For Business Accounts Only

Our AUD 1.50 FVE for National Storage REIT Is Unchanged Following Solid 1H18 Results

Our AUD 1.50 fair value estimate is unchanged for no-moat National Storage REIT following its solid first-half fiscal 2018 result. Underlying NPAT of AUD 22.4 million was 11% higher than first-half fiscal 2017, and we forecast a full-year 2018 underlying NPAT of AUD 52 million, in line with reaffirmed guidance of between AUD 51.5 million and AUD 54.2 million. Underlying earnings per security also improved, but by a more subdued 4.9% rate from a year ago due to the dilutive impact of the recent e...
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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