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BRIEF-National Storage REIT announces Nsr Portfolio acquisition and equity raising

Published 28/06/2016, 07:48 pm
© Reuters.  BRIEF-National Storage REIT announces Nsr Portfolio acquisition and equity raising
NSR
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June 28 (Reuters) - National Storage REIT NSR.AX :

* Nsr portfolio acquisition and equity raising NSR.AX

* Entered into arrangements to acquire the southern cross portfolio of assets

which it currently manages

* Reaffirms FY 2016 EPS guidance of 8.7 - 8.8 cents per stapled security

* Expects FY 2017 underlying earnings to be within a range of 9.2 - 9.4 cents

per stapled security

* Acquisitions will be funded via combination of debt and $260M equity raising,

and are expected to be accretive to FY 2017 earnings

* Will conduct a placement to existing eligible institutional shareholders and

new institutional investors to raise $101M

* Source text for Eikon ID:nASX4C9NW3

*

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