NSR 0.81% $2.48 national storage reit

Am looking into REIT's for the first time. Anyone know why the...

  1. 203 Posts.
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    Am looking into REIT's for the first time. Anyone know why the management expense ratio of this REIT is so high? commsec is quoting 29.5%. Most others are sitting below 0.5%.

    Same deal with the P/B value. Does this REIT not actually own any of the land it leases out?

    The main reason I was looking into this particular stock is potential benefits from the downsizing grant may give this group some unexpected earnings.
 
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