National Storage REITASX:NSR 56 Dividend Yield % is 4.16% as of Jun. 25, 2026, which is 13% below its 10-year median of 4.76. GuruFocus rates ASX:NSR with a GF Score™ of 56/100 and a GF Value™ of A$2.62 (Fairly Valued). The stock has 11 warning signs investors should review. Among 874 REITs companies, National Storage REIT ranks worse than 82.61% on this metric.
As of today (2026-06-25), the Trailing Annual Dividend Yield of National Storage REIT is 4.16%.
Warning Sign:
National Storage REIT stock Dividend Yield % is close to 3-year low.
The historical rank and industry rank for National Storage REIT's Dividend Yield % or its related term are showing as below:
ASX:NSR'
s Dividend Yield % Range Over the Past 10 Years
Min: 3.03 Med: 4.76 Max: 6.63
Current: 4.16
During the past 12 years, the highest Dividend Yield of National Storage REIT was 6.63%. The lowest was 3.03%. And the median was 4.76%.
ASX:NSR's Dividend Yield % is ranked worse than 82.61% of 874
companies
in the REITs industry
Industry Median: 6.82
vs ASX:NSR: 4.16
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of National Storage REIT is 9.67, which seems too high.
During the past 12 years, the highest Dividend Payout Ratio of National Storage REIT was 9.67. The lowest was 0.19. And the median was 0.43.
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.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
National Storage REIT (ASX:NSR) 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 Dividend Yield % Related Terms
National Storage REIT Dividend Yield % Historical Data
* Premium members only.
The historical data trend for National Storage REIT's Dividend Yield % can be seen below:
* 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.
ASX:NSR vs PLD, PSA, EXR: Dividend Yield % Comparison
For the REIT - Industrial subindustry, National Storage REIT's Dividend Yield %, along with its competitors' market caps and 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 Dividend Yield % vs REITs Industry
For the REITs industry and Real Estate sector, National Storage REIT's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where National Storage REIT's Dividend Yield % falls into.
National Storage REIT 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
AUD 0.056000
2025-06-27
2025-06-30
2025-09-02
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 Trailing 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.
National Storage REIT (ASX:NSR) has a Dividend Yield % of 4.16% as of Jun. 25, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on National Storage REIT and its competitors. This is 13% below median its historical median of 4.76. Over the past decade, National Storage REIT's Dividend Yield % has ranged from 3.03 to 6.63. According to the industry distribution chart, National Storage REIT ranks #722 out of 874 companies in the REITs industry, placing it in the top 82.6%.
Is National Storage REIT's Dividend Yield % too high?
National Storage REIT's current Dividend Yield % of 4.16% is 13% below median its 10-year median of 4.76. Over the past 10 years, this metric has ranged from a low of 3.03 to a high of 6.63. The REITs industry median Dividend Yield % is 6.82. National Storage REIT's value of 4.16% is 39% below this industry median. Based on the distribution chart, National Storage REIT ranks #722 out of 874 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 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Storage REIT's Dividend Yield % compare to PLD and PSA?
According to the REITs industry distribution chart, National Storage REIT ranks #722 out of 874 companies for Dividend Yield %. This places National Storage REIT in the lower half of its industry. The industry median Dividend Yield % is 6.82. National Storage REIT's value of 4.16% is 39% below this benchmark. Historically, National Storage REIT's own Dividend Yield % has ranged from 3.03 to 6.63 over the past decade. While the company's 10-year median is 4.76 vs. the industry median of 6.82, National Storage REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Yield % for a REITs company?
The median Dividend Yield % among REITs companies is 6.82, based on 874 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage REIT's current Dividend Yield % of 4.16% is 39% 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 Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on National Storage REIT and its competitors. For the REITs industry, the median Dividend Yield % is 6.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage REIT's current Dividend Yield % is 4.16%, which is 13% below median its own 10-year median of 4.76. 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?
Based on GuruFocus' analysis, National Storage REIT (ASX:NSR) is currently considered Fairly Valued. 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 Dividend Yield % is 4.16%, which is 13% below median its 10-year median of 4.76 and 39% below the REITs industry median of 6.82. 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 Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For National Storage REIT (ASX:NSR), the current Dividend Yield % is 4.16% as of Jun. 25, 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.
GuruFocus considers National Storage REIT to be Fairly Valued.
Key valuation signals for ASX:NSR:
Dividend Yield %: 4.16% (13% below median its 10-year median of 4.76)
GF Value™: A$2.62 vs. price of A$2.79 (6.5% above fair value)
Industry Position: 39% below the REITs median (#722 of 874)
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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