NSR Agrees to AU$4.0 billion Takeover via Scheme with Brookfield–GIC Consortium
National Storage REIT (ASX: NSR) has entered into a Scheme Implementation Deed with a Brookfield and GIC–backed consortium to acquire all NSR securities for AU$2.86 per stapled security, subject to adjustment for a potential 6-cent permitted distribution. The offer follows completion of due diligence and represents a premium to NSR’s undisturbed trading price, NTA, and historic highs.
The transaction implies an equity value of AU$4.0 billion and enterprise value of AU$6.7 billion, delivering a total return of 438% to IPO investors. NSR’s board unanimously recommends the proposal, pending an independent expert’s confirmation and absence of superior alternatives. Completion is subject to regulatory approvals and shareholder and court sign-off, with implementation expected in Q2 2026. The consortium highlights NSR’s market-leading self-storage platform and long-term growth prospects.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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NSR Agrees to AU$4.0 billion Takeover via Scheme with Brookfield–GIC Consortium
National Storage REIT (ASX: NSR) has entered into a Scheme Implementation Deed with a Brookfield and GIC–backed consortium to acquire all NSR securities for AU$2.86 per stapled security, subject to adjustment for a potential 6-cent permitted distribution. The offer follows completion of due diligence and represents a premium to NSR’s undisturbed trading price, NTA, and historic highs.
The transaction implies an equity value of AU$4.0 billion and enterprise value of AU$6.7 billion, delivering a total return of 438% to IPO investors. NSR’s board unanimously recommends the proposal, pending an independent expert’s confirmation and absence of superior alternatives. Completion is subject to regulatory approvals and shareholder and court sign-off, with implementation expected in Q2 2026. The consortium highlights NSR’s market-leading self-storage platform and long-term growth prospects.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au