Abacus Group Past Earnings Performance

Past criteria checks 1/6

Abacus Group's earnings have been declining at an average annual rate of -42.3%, while the Office REITs industry saw earnings declining at 42% annually. Revenues have been declining at an average rate of 6.7% per year. Abacus Group's return on equity is 5.1%, and it has net margins of 33.8%.

Key information

-42.31%

Earnings growth rate

-44.99%

EPS growth rate

Office REITs Industry Growth	-18.99%
Revenue growth rate	-6.70%
Return on equity	5.10%
Net Margin	33.76%
Next Earnings Update	25 Aug 2026

Recent past performance updates

Recent updates

Narrative Update • Jun 06

ABG: Storage Stake Sale And Lower Gearing Will Support Future Upside

Analysts have trimmed their fair value estimate for Abacus Group from A$1.30 to A$1.22, reflecting updated assumptions that include a higher discount rate, softer revenue growth expectations, a slightly stronger profit margin, and a modestly higher future P/E multiple. Analyst Commentary Analysts reviewing Abacus Group are focused on how the new A$1.22 fair value estimate lines up with the company’s ability to execute on its plans, maintain margins, and justify its implied P/E assumptions.

New Narrative • Feb 20

Office Leasing And Self Storage Platform Will Shape A Cautious But Stable Outlook

Catalysts About Abacus Group Abacus Group is a diversified commercial REIT investing in office, retail and self storage assets in Australia, including a 19.8% interest and fund management role in Abacus Storage King. What are the underlying business or industry changes driving this perspective?

New Narrative • Feb 05

Office Leasing Tailwinds And Scalable Fee Platform Will Support Stronger Future Performance

Catalysts About Abacus Group Abacus Group is a diversified commercial REIT investing in office, retail and self storage assets, including a 19.8% stake and management role in Abacus Storage King. What are the underlying business or industry changes driving this perspective?

New Narrative • Sep 02

Sydney Metro Expansion And Capital Recycling Will Boost Office Demand

Key Takeaways Divestment of noncore assets and capital recycling enable reinvestment into high-growth sectors, strengthening revenue and earnings growth opportunities. Operational streamlining and strategic sector expansion boost margin resilience, while favorable investor dynamics support asset valuations and long-term profitability.

Analysis Article • Feb 27

Could The Abacus Property Group (ASX:ABP) Ownership Structure Tell Us Something Useful?

A look at the shareholders of Abacus Property Group ( ASX:ABP ) can tell us which group is most powerful. Large...

Analysis Article • Jan 31

Abacus Property Group (ASX:ABP) Share Prices Have Dropped 28% In The Last Year

Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. Active...

Analysis Article • Jan 05

Insider Buying: The Abacus Property Group (ASX:ABP) Chairman Just Bought 21% More Shares

Even if it's not a huge purchase, we think it was good to see that Myra Salkinder, the Chairman of Abacus Property...

Analysis Article • Dec 17

How Much Is Abacus Property Group's (ASX:ABP) CEO Getting Paid?

Steven Sewell became the CEO of Abacus Property Group ( ASX:ABP ) in 2018, and we think it's a good time to look at the...

Analysis Article • Nov 26

Have Insiders Been Buying Abacus Property Group (ASX:ABP) Shares This Year?

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

Revenue & Expenses Breakdown

How Abacus Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ASX:ABG Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 25	238	80	34
30 Sep 25	245	54	35
30 Jun 25	252	27	36
31 Mar 25	235	-38	34
31 Dec 24	218	-103	32
30 Sep 24	205	-173	34
30 Jun 24	192	-242	35
31 Mar 24	171	-283	37
31 Dec 23	150	-324	38
30 Sep 23	146	-281	37
30 Jun 23	141	-238	35
31 Dec 22	-2	-254	16
30 Sep 22	78	-67	25
30 Jun 22	158	119	33
31 Mar 22	380	525	67
31 Dec 21	392	532	64
30 Sep 21	340	451	56
30 Jun 21	289	369	47
31 Mar 21	275	262	38
31 Dec 20	261	154	29
30 Sep 20	273	120	27
30 Jun 20	284	85	26
31 Mar 20	298	121	30
31 Dec 19	312	157	34
30 Sep 19	307	179	34
30 Jun 19	303	201	34
31 Dec 18	355	249	31
30 Sep 18	367	244	31
30 Jun 18	379	240	32
31 Mar 18	357	227	31
31 Dec 17	319	211	29
30 Sep 17	320	248	29
30 Jun 17	321	285	29
31 Mar 17	319	294	28
31 Dec 16	316	302	27
30 Sep 16	308	244	27
30 Jun 16	301	186	27
31 Mar 16	313	166	27
31 Dec 15	326	147	27
30 Sep 15	323	140	29
30 Jun 15	321	133	30

Quality Earnings: ABG has a large one-off loss of A$38.2M impacting its last 12 months of financial results to 31st December, 2025.

Growing Profit Margin: ABG became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ABG's earnings have declined by 42.3% per year over the past 5 years.

Accelerating Growth: ABG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ABG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Office REITs industry (10.8%).

Return on Equity

High ROE: ABG's Return on Equity (5.1%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/11 22:50
End of Day Share Price	2026/06/11 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Abacus Group is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nicholas McGarrigle	Barrenjoey Markets Pty Limited
Steven Tjia	Barrenjoey Markets Pty Limited
April Lowis	Barrenjoey Markets Pty Limited

Abacus Group Past Earnings Performance

Past criteria checks 1/6

Key information

Recent past performance updates

First half 2026 earnings released: FFO per share: AU$0.04 (vs AU$0.045 in 1H 2025)

Full year 2025 earnings: EPS and revenues miss analyst expectations

Full year 2024 earnings released: AU$0.27 loss per share (vs AU$0.27 loss in FY 2023)

First half 2024 earnings released: AU$0.16 loss per share (vs AU$0.095 profit in 1H 2023)

Abacus Group to Report First Half, 2024 Results on Feb 27, 2024

Full year 2023 earnings released: FFO per share: AU$0.2 (vs AU$0.19 in FY 2022)

Recent updates

ABG: Storage Stake Sale And Lower Gearing Will Support Future Upside

Price target decreased by 12% to AU$1.15

Abacus Group Reportedly Plans Sale of Stake In Abacus Storage King

Consensus EPS estimates fall by 20%

First half 2026 earnings released: FFO per share: AU$0.04 (vs AU$0.045 in 1H 2025)

Abacus Group Reaffirms Distribution Guidance of Fiscal Year 2026

Office Leasing And Self Storage Platform Will Shape A Cautious But Stable Outlook

Office Leasing Tailwinds And Scalable Fee Platform Will Support Stronger Future Performance

Final dividend of AU$0.043 announced

Abacus Group, Annual General Meeting, Nov 20, 2025

Sydney Metro Expansion And Capital Recycling Will Boost Office Demand

Full year 2025 earnings: EPS and revenues miss analyst expectations

Abacus Group Announces Ordinary Dividend on ABP - FULLY PAID ORDINARY/UNITS STAPLED SECURITIES for the Six Months Ended June 30, 2025, Payable on August 29, 2025

Abacus Group Announces Ordinary Dividend for the Six Months Ended June 30, 2025, Payable on August 29, 2025

First half dividend of AU$0.043 announced

New major risk - Revenue and earnings growth

Abacus Group Affirms Distribution Guidance for the Fiscal Year 2025

Final dividend of AU$0.043 announced

Abacus Group Announces Executive Changes

Now 21% undervalued

Insufficient new directors

Sally Herman to Retire from Abacus Group Board, Effective September 30, 2024

HMC Capital Limited (ASX:HMC) acquired Market Central Lutwyche from Abacus Group (ASX:ABG) and ISPT Retail Australia Property Trust managed by ISPT Pty Ltd for approximately AUD 120 million.

Full year 2024 earnings released: AU$0.27 loss per share (vs AU$0.27 loss in FY 2023)

Dividend of AU$0.043 announced

Now 23% overvalued

Price target decreased by 14% to AU$1.35

Now 22% overvalued after recent price rise

Abacus Group, Annual General Meeting, Nov 20, 2024

Now 22% overvalued after recent price rise

First half 2024 earnings released: AU$0.16 loss per share (vs AU$0.095 profit in 1H 2023)

Upcoming dividend of AU$0.043 per share at 15% yield

Abacus Group to Report First Half, 2024 Results on Feb 27, 2024

Price target decreased by 7.2% to AU$1.62

Abacus Property Group Announces Dividend on ABP - Fully Paid Ordinary/Units Stapled Securities for the Six Months Ended December 31, 2023 Payable on February 29, 2024

Price target decreased by 10% to AU$1.78

Abacus Group(ASX:ABG) dropped from S&P/ASX 200 Index

New minor risk - Dividend sustainability

Full year 2023 earnings released: FFO per share: AU$0.2 (vs AU$0.19 in FY 2022)

Abacus Group Provides Distributions Guidance for the Fiscal Year 2024

Abacus Property Group Announces Executive Changes

Investor sentiment deteriorates as stock falls 53%

Price target decreased by 11% to AU$2.67

Now 42% undervalued after recent price drop

Upcoming dividend of AU$0.094 per share at 7.1% yield

Abacus Property Group Announces Dividend for the Six Months Ending June 30, 2023, Payable on August 31, 2023

Consensus EPS estimates fall by 10%

Non-Executive Director recently bought AU$50k worth of stock

First half 2023 earnings released: EPS: AU$0.095 (vs AU$0.38 in 1H 2022)

Now 21% undervalued

Upcoming dividend of AU$0.09 per share

Abacus Property Group Announces Dividend on ABP - FULLY PAID ORDINARY/UNITS STAPLED SECURITIES for the Six Months Ended Dec. 31, 2022 Payable on Feb. 28, 2022

Abacus Group Appoints Sally Herman as A Non-Executive Director, Effective 16 December 2022

Now 21% undervalued

Abacus Property Group Announces Retirement of Holly Kramer as Director

Abacus Property Group Announces Executive Changes

Abacus Property Group, Annual General Meeting, Nov 23, 2022

MD & Director recently bought AU$90k worth of stock

MD & Director recently bought AU$180k worth of stock

Abacus Property Group Provides Distribution Guidance for the Fiscal Year 2023

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 22% undervalued after recent price drop

Abacus Property Group Announces Dividend for the Six Months Ending June 30, 2022, Payable on August 31, 2022

Now 22% undervalued after recent price drop

Abacus Property Group Announces Executive Changes

Wing Tai Holdings Limited (SGX:W05) agreed to acquire remaining 50% stake in VACC House from Abacus Property Group (ASX:ABP) for AUD 49.4 million.

First half 2022 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of AU$0.087 per share

Abacus Property Group (ASX:ABP) agreed to acquire 77 Castlereagh Street, Sydney NSW for AUD 250 million.