Abacus Property Group (ABG.AX)
Abacus Property Group operates in the REIT - Diversified industry of the Real Estate sector, headquartered in Sydney, NSW, AU. The stock last traded at $0.91, down 2.15% on the session, giving a market capitalisation of $813.2M. Its beta of 0.98 implies it has historically moved less than the broad market.
Abacus Property Group is a diversified Australian real estate investment trust (REIT), with a portfolio primarily focused on commercial properties and self-storage facilities. Our objective is to deploy capital into strategic real estate opportunities to generate superior long-term returns and maximize securityholder value. Operating with a robust, asset-backed, annuity-style business model, Abacus directs investments towards assets offering significant potential for enhanced income growth and overall value creation. The pillars of our strategy are our expert team, deep market understanding, asset repositioning capabilities, and key strategic partnerships. Abacus is listed on the Australian Stock Exchange and is a constituent of both the S&P/ASX 200 Index and the FTSE EPRA NAREIT Global Real Estate Index Series. The group's comprehensive structure includes Abacus Group Holdings Limited (the nominated parent entity), Abacus Group Projects Limited, Abacus Storage Operations Limited, Abacus Trust, Abacus Income Trust, and Abacus Storage Property Trust. The shares and units from these various entities are stapled together, trading as a single security under the ticker ABP.
Abacus Property Group is most often compared with the following Real Estate names: