National Storage REIT (ASX:NSR) has reported that their FY underlying earnings have seen a 12% increase, bringing the total to A$141.8 million.

Moreover, the company’s FY revenue from ordinary activities has also shown a substantial rise of 18%, amounting to A$330 million.

In addition to this, National Storage REIT (ASX:NSR) declared a final distribution rate of 5.5 AU cents per unit.

The company provides FY24 underlying EPS guidance with the goal to deliver a minimum of 11.3 AU CPS.

Concurrently, FY24 distribution guidance was projected with a desired 90%-100% payout of underlying earnings.

The firm forecasts that FY24 underlying earnings will surpass A$154 million.

National Storage REIT (ASX:NSR) is a real estate investment trust that specializes in the acquisition, development and management of self-storage centers.