Abacus Group Stapled (Unit, Ordinary Share) - New ABG

Stock XASX Rating as of Oct 28, 2026

A$0.81 −0.01 (1.23%)

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As of Oct 28, 2026, 5:10:13 AM Delayed Price Closed

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Abacus Group to Sell Its 20% Interest in Storage King

Yingqi Tan Sep 18, 2026

Abacus Group owns and manages a property portfolio of mostly offices and two retail assets. The group also has exposure to the self-storage sector through Storage King, a REIT that was destapled from Abacus Group in 2023. Since the destapling and up until June 2026, Abacus was the manager of the self-storage REIT. Following an internalization agreement, Storage King moved management in-house from fiscal 2027. In September 2026, Abacus agreed to sell its 20% interest in Storage King for AUD 285 million (though a portion of the trade is subject to securityholder approval at Abacus' annual general meeting in November 2026).

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Price vs Fair Value

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ABG is trading at a LOCK|#R^RtHr premium.

Price

A$0.80

Oct 28, 2026

Fair Value

LOCK|&?

Sep 18, 2026

Uncertainty

LOCK|x>$S<

1-Star Price: LOCK|$q
5-Star Price: LOCK|t>
Economic Moat: LOCK|?Q@
Capital Allocation: LOCK|&nSMP#R

Bulls Say, Bears Say

Bulls

Some of Abacus’ assets are in city fringe locations that could see solid population growth. These sites have the potential to be redeveloped for higher- and better-use purposes, increasing asset values.

Bears

If asset values decline further, this could further strain Abacus' balance metrics, which are already stretched.

Trading Information

Previous Close Price: A$0.82
Day Range: A$0.81–0.83
52-Week Range: A$0.78–1.27
Bid/Ask: A$0.81 / A$0.81
Shares Outstanding: 893.66M
Market Cap: A$719.39M
Volume/Avg: 624,123 / 1M

Key Statistics

Price/Earnings (Normalized): 41.36
Price/Sales: 4.94
Dividend Yield (Trailing): 10.56%
Dividend Yield (Forward): 10.56%
Dividend Payment Schedule: Feb, Aug
Total Yield: 10.57%

Company Profile

Abacus Group is the owner and manager of real estate assets in Australia. The property portfolio mainly comprises modern office towers in city centers and suburban locations, with two small retail assets. Rents collected from these property holdings are the major income source for Abacus. The group also has some exposure to the self-storage sector through the publicly listed Storage King. From 2023, when Storage King was spun out of Abacus and floated on the stock exchange, until June 2026, Abacus was the external manager of the self-storage REIT. Following an agreement, Storage King will internalize management from fiscal 2027. Abacus still owns 20% of the self-storage REIT and will continue to receive distributions. However, we expect it to sell down the interest over time.

Sector: Real Estate
Industry: REIT - Diversified
Stock Style Box: Small Value
Total Number of Employees: 51
Website: https://www.abacusproperty.com.au

Competitors

Valuation

Metric	ABG	DXS	GOZ
Price/Earnings (Normalized)	41.36	9.69	12.80
Price/Book Value	0.51	0.61	0.64
Price/Sales	4.94	9.51	4.47
Price/Cash Flow	8.49	11.54	9.96

Price/Earnings

ABG

DXS

GOZ

Financial Strength

Metric	ABG	DXS	GOZ
Quick Ratio	5.66	0.18	0.17
Current Ratio	6.53	0.28	0.24
Interest Coverage	−0.82	2.02	1.99

Quick Ratio

ABG

DXS

GOZ

Profitability

Metric	ABG	DXS	GOZ
Return on Assets (Normalized)	0.78%	3.51%	2.01%
Return on Equity (Normalized)	1.31%	5.40%	3.81%
Return on Invested Capital (Normalized)	1.90%	3.62%	3.60%

Return on Assets

ABG

DXS

GOZ

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