National Storage REIT issues new securities after performance rights vest

National Storage REIT announced the quotation of 195,202 new fully paid ordinary/units stapled securities, issued on August 21, 2025. These securities resulted from the exercise and conversion of performance rights under an employee incentive scheme. The company confirmed that these new securities will rank equally with existing issued securities in their class from their issue date.

Two key management personnel, Andrew Catsoulis and Stuart Owen, converted a combined total of 195,202 performance rights. Specifically, Andrew Catsoulis (through Storcat Pty Ltd) converted 139,923 FY25 performance rights, while Stuart Owen converted 55,279 performance rights. The securities were issued for nil cash consideration.

Following this issuance, National Storage REIT's total quoted securities now stand at 1,391,633,419 fully paid ordinary/units stapled securities. The company's unquoted securities include 1,500 convertible notes and 1,804,298 performance rights. Andrew Catsoulis's indirect interest in the company now includes 10,086,697 fully paid ordinary stapled securities through Storcat Pty Ltd, alongside remaining performance rights for FY26 and FY27.