Abacus Group

  • IPO date:
  • Sector: Real Estate
  • GIC Group: Equity Real Estate Investment Trusts (REITs)
  • Industry: REIT - Diversified
  • Company website

Company description

Abacus Property Group (ASX:ABP), is a diversified Australian REIT with an investment portfolio concentrated in the Commercial property and Self Storage sectors. We invest capital in real estate opportunities to deliver superior long term returns and maximise securityholder value. Abacus is a strong asset backed, annuity style business model where capital is directed towards assets that provide potential for enhanced income growth and ultimately create value. Our people, market insight and repositioning capability together with strategic partnering are the key enablers of our strategy. Abacus is listed on the Australian Stock Exchange and is included in the S&P/ASX 200 Index and the FTSE EPRA NAREIT Global Real Estate Index Series. Abacus is comprised of Abacus Group Holdings Limited (the nominated parent entity), Abacus Group Projects Limited and Abacus Storage Operations Limited, Abacus Trust, Abacus Income Trust and Abacus Storage Property Trust. The shares and units in these entities are stapled together and trade as one security in ABP.

Financial highlights

Market Capitalization$1090.262 million
P/E Ratio1.9786
P/E Growth Ratio
Book Value
Dividend Per Share
Earnings Per Share0.3285
EBITDA
Profit Margin0
Operating Margin TTM0
Return on Assets TTM0
Return on Equity TTM8.5691
Revenue TTM0

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
2020-06-30 262,262 78,246 184,016
2021-06-30 257,588 64,411 193,177
2022-06-30 143,850 33,370 110,480
2023-06-30 152,013 41,880 110,133

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
2020-06-30 3,342,036 1,140,292 0 1,009,760 1,879,765
2021-06-30 4,059,057 1,157,178 0 988,525 2,349,791
2022-06-30 5,407,059 1,905,950 0 1,709,241 2,593,346
2023-06-30 5,606,174 2,244,485 0 1,006,508 2,596,649

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
2020-06-30 205,396 38,285 92,785
2021-06-30 131,601 -69,321 61,420
2022-06-30 158,263 118,513 102,818
2023-06-30 153,050 -41,017 166,547