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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.


Tim Hannon
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...

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