Abacus Property Group (ASX:ABP), is a diversified Australian REIT with an investment portfolio concentrated in the Office and Self Storage sectors. More Details
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Established dividend payer with mediocre balance sheet.
Share Price & News
How has Abacus Property Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ABP has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ABP underperformed the Australian REITs industry which returned -15.4% over the past year.
Return vs Market: ABP underperformed the Australian Market which returned -5.7% over the past year.
Price Volatility Vs. Market
How volatile is Abacus Property Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StAbacus Property Group's (ASX:ABP) Shareholders Are Down 26% On Their Shares
3 weeks ago | Simply Wall StWhat You Need To Know About Abacus Property Group's (ASX:ABP) Investor Composition
2 months ago | Simply Wall StHow Much Are Abacus Property Group (ASX:ABP) Insiders Spending On Buying Shares?
Is Abacus Property Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ABP (A$2.87) is trading above our estimate of fair value (A$2.14)
Significantly Below Fair Value: ABP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ABP is poor value based on its PE Ratio (21.8x) compared to the AU REITs industry average (16.7x).
PE vs Market: ABP is poor value based on its PE Ratio (21.8x) compared to the Australian market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: ABP is poor value based on its PEG Ratio (6.2x)
Price to Book Ratio
PB vs Industry: ABP is good value based on its PB Ratio (0.9x) compared to the AU REITs industry average (1x).
How is Abacus Property Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ABP's forecast earnings growth (3.5% per year) is above the savings rate (2.3%).
Earnings vs Market: ABP's earnings (3.5% per year) are forecast to grow slower than the Australian market (17.5% per year).
High Growth Earnings: ABP's earnings are forecast to grow, but not significantly.
Revenue vs Market: ABP's revenue is expected to decline over the next 3 years (-2.3% per year).
High Growth Revenue: ABP's revenue is forecast to decline over the next 3 years (-2.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ABP's Return on Equity is forecast to be low in 3 years time (5.7%).
How has Abacus Property Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ABP has a large one-off loss of A$46.4M impacting its June 30 2020 financial results.
Growing Profit Margin: ABP's current net profit margins (29.8%) are lower than last year (66.3%).
Past Earnings Growth Analysis
Earnings Trend: ABP's earnings have declined by 2.9% per year over the past 5 years.
Accelerating Growth: ABP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ABP had negative earnings growth (-57.8%) over the past year, making it difficult to compare to the REITs industry average (6.8%).
Return on Equity
High ROE: ABP's Return on Equity (3.9%) is considered low.
How is Abacus Property Group's financial position?
Financial Position Analysis
Short Term Liabilities: ABP's short term assets (A$172.7M) exceed its short term liabilities (A$97.3M).
Long Term Liabilities: ABP's short term assets (A$172.7M) do not cover its long term liabilities (A$1.0B).
Debt to Equity History and Analysis
Debt Level: ABP's debt to equity ratio (45.8%) is considered high.
Reducing Debt: ABP's debt to equity ratio has increased from 38.1% to 45.8% over the past 5 years.
Debt Coverage: ABP's debt is well covered by operating cash flow (20.3%).
Interest Coverage: ABP's interest payments on its debt are well covered by EBIT (7.6x coverage).
What is Abacus Property Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ABP's dividend (6.45%) is higher than the bottom 25% of dividend payers in the Australian market (2.14%).
High Dividend: ABP's dividend (6.45%) is in the top 25% of dividend payers in the Australian market (5.48%)
Stability and Growth of Payments
Stable Dividend: ABP's dividends per share have been stable in the past 10 years.
Growing Dividend: ABP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (74.5%), ABP's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ABP's dividends in 3 years are not forecast to be well covered by earnings (101.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steven Sewell (54 yo)
Mr. Steven Craig Sewell, BSc, has been Managing Director of Macquarie Infrastructure and Real Assets (Europe) Limited since July 02, 2018. He has been Managing Director and Director of Abacus Property Grou ...
CEO Compensation Analysis
Compensation vs Market: Steven's total compensation ($USD1.57M) is about average for companies of similar size in the Australian market ($USD1.30M).
Compensation vs Earnings: Steven's compensation has been consistent with company performance over the past year.
|MD & Director||2.5yrs||AU$2.23m||0.033% |
|CFO & Company Secretary||7.92yrs||AU$1.08m||0.058% |
|Head of Investor Relations||no data||no data||no data|
|Head of Legal||2.5yrs||no data||no data|
|Executive General Manager of Corporate Development||2.17yrs||no data||no data|
|Director of Property Investment||3.33yrs||AU$940.33k||0% |
|Director of Property Developments||12.67yrs||AU$954.32k||0% |
|Director of Self-Storage||no data||no data||no data|
|General Manager of Corporate Development||2.17yrs||no data||no data|
Experienced Management: ABP's management team is considered experienced (2.5 years average tenure).
|MD & Director||2.5yrs||AU$2.23m||0.033% |
|Independent Non-Executive Director||1.83yrs||AU$128.02k||0.0030% |
|Independent Non-Executive Director||1.08yrs||AU$97.84k||0.0045% |
|Independent Non-Executive Director||3.08yrs||AU$130.20k||0.0030% |
|Lead Independent Director||1.17yrs||AU$139.57k||0.0053% |
Experienced Board: ABP's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ABP insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.2%.
Abacus Property Group's company bio, employee growth, exchange listings and data sources
- Name: Abacus Property Group
- Ticker: ABP
- Exchange: ASX
- Founded: 1996
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: AU$1.904b
- Shares outstanding: 665.71m
- Website: https://www.abacusproperty.com.au
Number of Employees
- Abacus Property Group
- Australia Square
- Level 34
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ABP||ASX (Australian Securities Exchange)||Yes||Stapled Securities||AU||AUD||Nov 2002|
|ABP||CHIA (Chi-X Australia)||Yes||Stapled Securities||AU||AUD||Nov 2002|
|EZO||MUN (Boerse Muenchen)||Yes||Stapled Securities||DE||EUR||Nov 2002|
|EZO||DB (Deutsche Boerse AG)||Yes||Stapled Securities||DE||EUR||Nov 2002|
Abacus Property Group (ASX:ABP), is a diversified Australian REIT with an investment portfolio concentrated in the Office and Self Storage sectors. We invest capital in real estate opportunities to deliver ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/21 10:40|
|End of Day Share Price||2020/10/21 00:00|
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 here.