National Storage REIT Acquisition and positive outlook supported the stock
Acquisition and positive outlook supported the stock: National Storage REIT (ASX: NSR) stock rose 1% on April 18, 2017 driven by the group’s positive milestones update. The group’s is acquiring property within the Jandakot Airport Precinct for over $8.1 million. Moreover, the group’s new storage center in the Perth International Airport is under construction and will be finished by June or July 2017. Management also gave an update on their Perth Development Portfolio wherein the portfolio has delivered assets at Butler and Jandakot, and Perth Airport is due for delivery in mid-2017. NSR is also considering two more sites for construction of high quality storage centers in and around Perth.
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