BUZZ-Morningstar backs Brookfield-GIC takeover of National Storage REIT

Reuters03-11
BUZZ-Morningstar backs <a href="https://laohu8.com/S/BN">Brookfield</a>-GIC takeover of National Storage REIT

** Analysts at Morningstar say security holders at Australia's National Storage REIT NSR.AX should vote in favour of the $2.65 billion Brookfield Asset Management BAM.N and Singapore's GIC takeover

** Bid totals A$2.86 per security, made up of A$2.80 cash plus 6 Au cents in distributions already paid on Feb 20

** Morningstar says the price sits at a fair premium to its standalone valuation of A$2.60 and the firm's A$2.61 NTA as of December 31

** Brokerage say stock had traded below tangible asset backing for extended period before offer emerged late in November 2025

** Morningstar maintains a fair value estimate of A$2.86, reflecting its view that the deal is almost certain to proceed

** All 6 analysts rate the stock "hold"; their median PT is A$2.82, according to data compiled by LSEG

** Stock has risen 1.1% this year, as of last close

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))

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