During the past 12 months, National Storage REIT's average Dividends Per Share Growth Rate was 5.50% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 3.50% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 7.60% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 3.10% per year.
During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of National Storage REIT was 35.00% per year. The lowest was -4.80% per year. And the median was 4.20% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
National Storage REIT (ASX:NSR) Forward Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
National Storage REIT Forward Dividend Yield % Related Terms
ASX:NSR vs PLD, PSA, EXR: Forward Dividend Yield % Comparison
For the REIT - Industrial subindustry, National Storage REIT's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
National Storage REIT Forward Dividend Yield % vs REITs Industry
For the REITs industry and Real Estate sector, National Storage REIT's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where National Storage REIT's Forward Dividend Yield % falls into.
National Storage REIT Forward Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
National Storage REIT Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
AUD 0.060000
2025-12-30
2025-12-31
2026-02-20
Cash Dividend
semi-annually
AUD:AUD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
National Storage REIT's Forward Annual Dividend Yield (%) for Today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Forward Dividend Yield % of 4.30% mean?
National Storage REIT (ASX:NSR) has a Forward Dividend Yield % of 4.30% as of Jun. 28, 2026. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on National Storage REIT and its competitors. According to the industry distribution chart, National Storage REIT ranks #719 out of 870 companies in the REITs industry, placing it in the top 82.6%.
Is National Storage REIT's Forward Dividend Yield % too high?
National Storage REIT's current Forward Dividend Yield % is 4.30%. The REITs industry median Forward Dividend Yield % is 6.85. National Storage REIT's value of 4.30% is 37.2% below this industry median. Based on the distribution chart, National Storage REIT ranks #719 out of 870 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, National Storage REIT has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does National Storage REIT's Forward Dividend Yield % compare to PLD and PSA?
According to the REITs industry distribution chart, National Storage REIT ranks #719 out of 870 companies for Forward Dividend Yield %. This places National Storage REIT in the lower half of its industry. The industry median Forward Dividend Yield % is 6.85. National Storage REIT's value of 4.30% is 37.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Dividend Yield % for a REITs company?
The median Forward Dividend Yield % among REITs companies is 6.85, based on 870 companies in the industry. Companies in the top quartile (top 25%) have a Forward Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Forward Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage REIT's current Forward Dividend Yield % of 4.30% is 37.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Dividend Yield % mean?
A high Forward Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on National Storage REIT and its competitors. For the REITs industry, the median Forward Dividend Yield % is 6.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage REIT's current Forward Dividend Yield % is 4.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Storage REIT stock overvalued right now?
National Storage REIT (ASX:NSR) has a current Forward Dividend Yield % of 4.30%. The stock's GF Value™ is A$2.62, compared to a current price of A$2.79 — trading 6.5% above its estimated fair value. The current Forward Dividend Yield % is 4.30% and 37.2% below the REITs industry median of 6.85. National Storage REIT's overall GF Score™ is 56/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Dividend Yield % calculated?
Forward Dividend Yield % is calculated from a company's financial statements. For National Storage REIT (ASX:NSR), the current Forward Dividend Yield % is 4.30% as of Jun. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is National Storage REIT (ASX:NSR) Overvalued in 2026?
Based on GuruFocus' analysis, National Storage REIT stock appears to be overvalued.
The current stock price of A$2.79 is trading 6.5% above its estimated GF Value™ of A$2.62.
Key valuation signals for ASX:NSR:
Forward Dividend Yield %: 4.30%
GF Value™: A$2.62 vs. price of A$2.79 (6.5% above fair value)
Industry Position: 37.2% below the REITs median (#719 of 870)
No single metric tells the full story. See the ASX:NSR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Storage REIT is the largest self-storage operator in Australia and New Zealand. Majority of its income is derived from rents. Additional revenue streams come from ancillary products and services such as packaging materials, locks, and insurance. The REIT owns most of the centers it operates, and leases roughly a dozen of the sites secured under long-term agreements. The self-storage industry is fragmented, with three large players in National Storage, the listed Abacus Storage King, and privately owned Kennards, accounting for about one-third of the market. The rest are independent operators, with a single center or a small state-based portfolio of assets. Besides organic rent increases, the company's key growth drivers are acquisitions and developments.
56GF Score
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