I thought the earnings hit might've been worse than this.
I was thinking that several of the large users of storage (international students, small business) would've cancelled their storage to save money. But looks like it is a relatively small monthly cost and the stuff has to go somewhere!
However, at earnings guidance of 8.5-9.0 it would mean roughly 10% cut to the dividend/payout ( was running about 9.4c per annum), pulling the yield back to about 5%. Still not too bad in the circumstances.
News: NSR National Storage REIT Revises FY20 Earnings Guidance To 8.5CPS - 9.0CPS, page-2
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Last
$2.53 |
Change
-0.010(0.39%) |
Mkt cap ! $3.495B | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.54 | $2.50 | $9.257M | 3.667M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7052 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.53 | 40695 | 7 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| NSR (ASX) Chart |