National Storage REIT: Resilience and Growth
Despite a challenging backdrop through COVID, National Storage REIT (ASX:NSR) has continued its strong trajectory into 2H FY21, supported by market conditions and ongoing portfolio optimisation. The self-storage sector has demonstrated its resilience through COVID and is benefitting from changes to how people live and work.
National Storage REIT’s CEO Andrew Catsoulis and CFO Stuart Owen joined Gary Rollo to discuss the company’s four pillars of growth which include organic, acquisitions, development and expansion and technology and innovation.
“We grew organically through development initially and then subsequently through making acquisitions for a number of years until in 2013 we made our debut on the Australian stock exchange. Roll forward seven years and it’s been a fantastic growth story for us, we now have over 210 centres during that period.” – CEO Andrew Catsoulis
The Montgomery Small Companies Fund owns shares in National Storage REIT. This video was prepared 24 June with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade National Storage REIT you should seek financial advice.
Gary Rollo is the Portfolio Manager of the Montgomery Small Companies Fund. Gary joined Montgomery in August 2019 after spending three years at MHOR Asset Management in Sydney as a Founder and Portfolio Manager. Prior to this, Gary was a Portfolio Manager at Renaissance Asset Manager in Sydney for six years. Before moving to Australia, Gary spent five years in London running Morgan Stanley’s Technology Sector Equity Research Team, as well as two years covering technology companies for JP Morgan.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
