The National Storage REIT (ASX: NSR) share price is in focus after news that the company will be removed from the S&P/ASX 200 Index (ASX: XJO), following its planned takeover by Brookfield Asset Management and GIC.
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What did National Storage REIT report?
- National Storage REIT to be removed from the S&P/ASX 200 Index, pending final court approval of its acquisition.
- The removal and replacement process will take effect before the open of trading on Wednesday, 22 April 2026.
- Alkane Resources Ltd (ASX: ALK) will join the S&P/ASX 200 Index in NSR's place.
- The acquisition involves a consortium led by Brookfield Asset Management and GIC.
What else do investors need to know?
National Storage REIT's removal from the S&P/ASX 200 comes as the company approaches the completion of its acquisition by a global consortium. This follows a period of market speculation about National Storage's future on the index and under new ownership.
The change is subject to final court approval of the acquisition, a common step when listed entities are taken over and cease to be independent ASX-listed companies.
What's next for National Storage REIT?
If the court approves the acquisition as expected, National Storage REIT shares will be delisted, and investors will receive their consideration from the takeover consortium. The company's removal from the S&P/ASX 200 may affect portfolios tracking the index and eligibility for certain funds.
Investors might want to keep an eye out for the final court decision and any further updates from the consortium regarding the acquisition timeline and settlement process.
National Storage REIT share price snapshot
Over the past 12 months, National Storage shares have risen 27%, outperforming the S&P/ASX 200 Index which has risen 16% over the same period.
