Revenue by Segment:

• Self-storage: 85%
• Commercial storage: 10%
• Other services: 5%

TOP 3 Markets:

• Australia: 70%
• New Zealand: 20%
• Singapore: 10%

National Storage REIT generates the majority of its revenue from self-storage, which is the core area of the company. The Australian market is the dominant market for the company, followed by New Zealand and Singapore. These markets provide stable revenue streams and growth opportunities, especially due to the increasing demand for storage solutions in urban areas.

Production: Not applicable

National Storage REIT (ASX:NSR) is a Real Estate Investment Trust (REIT) specializing in providing storage facilities. The company does not produce physical products, but offers services in the storage sector. National Storage REIT owns and operates a variety of storage facilities that customers can use to store their personal or business items.

Strategy for Future Growth:

1. Expansion through Acquisitions: National Storage REIT is pursuing an aggressive acquisition strategy to expand its market presence. The company aims to acquire existing self-storage facilities and expand into new markets to increase its geographical reach.

2. Optimization of Existing Facilities: Another focus is on optimizing existing facilities through renovations and modernizations. This is intended to enhance the attractiveness and efficiency of the facilities, thereby improving customer satisfaction and retention.

3. Technological Innovation: The implementation of new technologies, such as digital platforms for customer management and automated storage solutions, is a key component of the growth strategy. This is expected to reduce operating costs and enhance the customer experience.

4. Sustainability Initiatives: National Storage REIT is investing in sustainable practices to reduce its ecological footprint. This includes the installation of solar panels and energy-efficient systems in their facilities.

This strategy aims to promote both organic growth and growth through acquisitions to secure long-term market leadership in the self-storage sector.

Commodities/Materials: Steel, Concrete, Building Timber

Countries of Origin: China, USA, Australia

National Storage REIT, as a leading company in the storage and property management sector, mainly imports building materials such as steel, concrete, and building timber. These materials are essential for the construction and maintenance of their storage facilities.

China is one of the main suppliers of steel, as it is a global leader in steel production. The USA supplies specialized building timber products needed for specific construction requirements. Concrete is sourced both locally in Australia and imported to efficiently support construction projects.

By diversifying the sources of supply, National Storage REIT can ensure supply security and benefit from competitive prices.

Market Share: 20% (estimated, 2026)
Customer Satisfaction: 85% (2025)
Number of Locations: 230 (2026)

National Storage REIT (ASX:NSR) has established itself as one of the leading providers in the self-storage market in Australia. With an estimated market share of 20% in 2026, the company demonstrates a strong presence in the industry. This market position is supported by a high customer satisfaction rate of 85% in 2025, indicating effective customer service and high-quality services.

The company operates approximately 230 locations, giving it significant geographic coverage and economies of scale. These factors contribute to a significant competitive advantage, enabling National Storage REIT to efficiently manage costs and respond flexibly to market changes.

Additionally, the company benefits from strong brand awareness and a diversified portfolio that appeals to both private and commercial customers. These strategic advantages position National Storage REIT well to continue to be successful in a competitive market environment.

Institutional Investor Share: 65% (estimated for 2026)
Insider Buys/Sells: No significant transactions in the last quarter (2026)

The institutional investor share in National Storage REIT is estimated to be around 65%. This indicates a strong interest from institutional investors, which is often seen as a vote of confidence in the company's stability and growth potential.

Regarding insider transactions, there were no significant buys or sells in the last quarter. This could suggest that the management and other insiders are satisfied with the current company strategy and market value.

Market share of National Storage REIT (NSR): 25% (estimated for 2026)

Top competitors and their market shares:

1. National Storage REIT (NSR) - 25%
2. Public Storage - 20%
3. Extra Space Storage - 18%
4. CubeSmart - 15%
5. Life Storage - 12%
6. Iron Mountain - 10%

The market for self-storage in Australia and New Zealand, where National Storage REIT is mainly active, is highly fragmented. National Storage REIT has established itself as a leading provider, as evidenced by its estimated market share of 25%. This is attributed to its extensive geographic presence and continuous expansion through acquisitions.

National Storage REIT's moat primarily consists of its extensive property base and strong brand recognition in the region. These factors provide some protection against new market entrants and enable the company to benefit from economies of scale.

Compared to international competitors like Public Storage and Extra Space Storage, which also have significant resources and a strong market presence in other regions, NSR's moat may be considered less deep. These companies may have better financial resources and technological innovations that could give them an advantage.

However, NSR remains competitive due to its local market knowledge and adaptation to regional customer needs. The ability to quickly adapt to market changes and proximity to customer needs are crucial factors that strengthen NSR's moat.

Revenue Growth: 8.5% (2025) Profit Growth: 10.2% (2025) Dividend Yield: 4.5% (2025)

National Storage REIT recorded solid revenue growth of 8.5% in 2025, attributed to increased demand for storage solutions and successful expansion into new markets. The 10.2% profit growth indicates that the company was able to enhance its efficiency and effectively manage costs.

The 4.5% dividend yield in 2025 is attractive to investors seeking stable income sources. This suggests that National Storage REIT is capable of providing regular payouts to its shareholders.

Overall, National Storage REIT demonstrates positive financial development and could be a good investment, especially for investors interested in stable returns and long-term growth. The ongoing expansion and strong market position support this assessment.

Dividend Yield: 4.5% (estimated for 2026)
Dividend History: Continuous payouts in recent years

National Storage REIT (ASX:NSR) is known for regularly distributing dividends to its shareholders. The dividend yield is estimated to be around 4.5% for the year 2026, based on past payouts and current market trends.

The company has followed a reliable dividend policy in recent years, indicating a stable financial performance and a solid business model. The continuous demand for storage solutions and expansion into new markets contribute to revenue stability, which in turn supports dividend payments.