High growth National Storage REIT (NSR) has just raised $45.9 million in an institutional placement to continue to consolidate the highly fragmented Australian...
Tim Hannon
Newgate Capital Partners
High growth National Storage REIT (NSR) has just raised $45.9 million in an institutional placement to continue to consolidate the highly fragmented Australian self storage market. NSR should be able to generate strong earnings growth from acquisitions - we are expecting the combination of organic growth and acquisitions should see earnings growth of 15% to FY2015, putting the stock on an earnings multiple of less than 15 times. This is a relatively low multiple to pay for a stock that can likely grow earnings at double digits for the medium to long term. Disclosure: Freehold Funds own National Storage.
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Tim has 22 years’ experience in the investment and securities markets. Tim was a partner of Goldman Sachs JBWere and during his 15-year tenure at the firm had senior experience across all areas of equities investing. Tim was Head of Australian Equities, Head of Real Estate and Co-Manager of Global Real Estate Securities portfolios with Goldman Sachs LLP. Tim was also founder and co-manager of the Goldman Sachs JBWere Australian Infrastructure Securities Fund, and co-manager of the award winning Goldman Sachs JBWere Emerging Leaders Fund. Over his career, Tim has been nominated or won eight distinguished industry awards, including “Fund Manager of the Year”.
Tim holds a Bachelor of Economics and a Graduate Diploma from the Securities Institute of Australia. Tim is also a Fellow of the Financial Institute of Australia and holds a Masters of Business Administration from Melbourne Business School.
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Tim Hannon
Principal
Newgate Capital Partners
Tim has 22 years’ experience in the investment and securities markets. Tim was a partner of Goldman Sachs JBWere and during his 15-year tenure at the firm had senior experience across all areas of equities investing. Tim was Head of Australian...
Expertise
No areas of expertise
Tim Hannon
Principal
Newgate Capital Partners
Tim has 22 years’ experience in the investment and securities markets. Tim was a partner of Goldman Sachs JBWere and during his 15-year tenure at the firm had senior experience across all areas of equities investing. Tim was Head of Australian...
Expertise
No areas of expertise
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