National Storage REIT (ASX: NSR) Share Price and News

National Storage REIT (ASX:NSR) is a real estate investment trust that provides self-storage solutions to individuals and businesses across Australia and New Zealand. National Storage was originally formed in 2000 and was a result of the merger between National Mini Storage, Premier Self-Storage and Stowaway Self-Storage.

In 2013, National Storage REIT was formed and listed on the ASX. The REIT became the first internally managed operator of self-storage centres to list on the ASX.

Today, National Storage is one of Australia’s largest providers of self-storage solutions, working with more than 60,000 private and commercial customers. It operates over 170 storage centres across Australia and New Zealand. As well as general storage, the trust provides specialist vehicle and climate-controlled storage as well as delivering insurance and a range of value-added services.

Throughout its history, National Storage has acquired numerous storage centres and continues to pursue opportunities for acquisition in both Australia and New Zealand.

The National Storage share price has remained largely flat for much of the time since listing and fell 40% during the March 2020 bear market before making a partial recovery.