National Storage REIT's (ASX:NSR) fiscal year results, coming in August, are expected to be "positive," helped by growth in operations, higher occupancy levels, and an increase in net asset value due to lower capitalisation rates, The Australian reported on Wednesday, citing Citi Analyst Howard Penny.
Penny has placed the company on a 90-day watch for potential gains.
Citi has a buy rating on National Storage REIT with a target price of AU$2.70.
The company's shares rose 4% on market close.
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