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National Storage REIT (NSR AU) In Trading Halt Ahead Of Possible Brookfield/GIC Tilt
513 Views26 Nov 2025 08:47
There is, as yet, no firm Offer. NSR has lagged domestically-listed peers. I would not rule out EQT and Warburg Pincus - amongst others - running a ruler over NSR should Brookfiled/GIC step up.
What is covered in the Full Insight:
- Introduction to the NSR Situation
- Details on the Brookfield/GIC Potential Offer
- Recent Market Context and NSR Performance
- Case Study: Abacus Storage and Acquisition Attempts
- NSR's Financial and Market Position
Boomeranged on Wed, 26 Nov 2025 14:43
The indicative terms from Brookfield/GIS are A$2.86/share (~1.11x P/NTA 30th June 2025), including a A$0.06/share 1H26 distribution (no mention of franking - the 1H25 distribution wasn't franked). DD provided - exclusivity to the 7th Dec 2025. If terms are firmed, apart from a Scheme vote, this Offer requires FIRB, ACCC, and NZ's OIO to sign off. Perhaps a five-six month off ramp from here.
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