Abacus Storage King

ASX:ASK Stock Report

Market Cap: AU$1.8b

Abacus Storage King Future Growth

Future criteria checks 0/6

Abacus Storage King's earnings are forecast to decline at 16.9% per annum while its annual revenue is expected to grow at 5.9% per year. EPS is expected to decline by 14.9% per annum. Return on equity is forecast to be 3.5% in 3 years.

Key information

-16.9%

Earnings growth rate

-14.87%

EPS growth rate

Specialized REITs earnings growth8.3%
Revenue growth rate5.9%
Future return on equity3.55%
Analyst coverage

Good

Last updated02 Jun 2026

Recent future growth updates

Recent updates

Narrative Update Jun 03

ASK: Internalisation And Rebrand Are Expected To Support Future Upside

Analysts have nudged their price target on Abacus Storage King slightly higher to A$1.57 from A$1.56, citing updated assumptions around revenue growth, profit margins, and future P/E multiples. What's in the News Abacus Storage King plans to internalise management and rebrand as Storage King Group, with the ASX ticker expected to change to SKG from 30 June 2026, subject to shareholder approval at the November AGM.
Narrative Update May 17

ASK: Fair Value Is Expected To Persist As Key Assumptions Stay Stable

Analysts have held their fair value estimate for Abacus Storage King steady at A$1.56 per share, citing only marginal tweaks to key model inputs such as the discount rate, long run revenue growth, profit margin and future P/E assumptions. Valuation Changes Fair Value: A$1.56 per share is unchanged, with the updated model keeping the prior estimate intact.
Narrative Update Apr 26

ASK: Fair Value Is Expected To Persist As Return Assumptions Reset

Analysts have trimmed their price target for Abacus Storage King by A$0.02 to reflect updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Valuation Changes Fair value has been adjusted slightly from A$1.58 to A$1.56 per share, reflecting updated model inputs.
Narrative Update Jan 12

ASK: Fair Value Is Expected To Persist As Potential Buyout Premium Emerges

Analysts are keeping their price target for Abacus Storage King unchanged at A$1.58, citing largely stable assumptions around the discount rate, revenue growth, profit margins and future P/E in their updated models. What's in the News Market speculation links Brookfield and GIC Private Limited to informal engagement with Abacus Storage King about a potential future buyout, following their A$4b acquisition of National Storage REIT (Key Developments).
Narrative Update Dec 27

ASK: Fair Value Will Likely Persist As Medium Term Takeover Premium Beckons

Narrative Update on Abacus Storage King Analysts have maintained their price target for Abacus Storage King at A$1.58, reflecting only minor adjustments to assumptions around discount rate, revenue growth and profit margins that leave their overall valuation view unchanged. What's in the News Speculation is building that Brookfield and GIC, fresh from a $4 billion buyout of National Storage REIT, have informally sounded out Abacus Storage King about a potential future acquisition, positioning the company as a likely next sector target (Key Developments).
Narrative Update Dec 12

ASK: Fair Value Will Likely Hold As Takeover Premium Talk Builds

Analysts have slightly lowered their price target on Abacus Storage King by A$0.00, keeping fair value effectively unchanged as modest tweaks to discount rate, growth, and margin assumptions leave the long term valuation profile intact. What's in the News Speculation is building that Brookfield and GIC Private Limited, fresh from a $4 billion buyout of National Storage REIT, are informally engaging with Abacus Storage King over a potential future takeover, though any deal is not expected to be imminent (Key Developments).
Narrative Update Nov 27

ASK: Fair Value Will Remain Stable Despite Modest Discount Rate Increase

Analysts have slightly revised their price target for Abacus Storage King, reducing it from $1.58 to $1.58 per share. This reflects relatively unchanged financial assumptions and a marginally higher discount rate in their updated model.
Narrative Update Nov 02

ASK: Consortium Interest Will Drive Positive Sentiment in Coming Months

Analysts have slightly lowered their price target for Abacus Storage King, adjusting it from $1.65 to $1.58 per share due to updated assumptions around discount rates and profit margins. What's in the News PS Apollo, LLC and KI Corporation Limited initially proposed to acquire an additional 60.38% stake in Abacus Storage King for AUD 1.3 billion, with an offered price of AUD 1.47 per share (Key Developments).
New Narrative Aug 17

Oversupply And Rising Costs Will Threaten Future Viability

Key Takeaways Shifts toward minimalism, digital storage, and market oversupply threaten future occupancy rates, rental growth, and earnings amid rising non-controllable costs. Heavy development, capital expenditure, and geographic concentration amplify risks from regulatory changes, interest rates, and local economic downturns.

Earnings and Revenue Growth Forecasts

ASX:ASK - Analysts future estimates and past financials data (AUD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/202828313948895
6/30/202726113938826
6/30/202624398-134766
12/31/20252512928484N/A
9/30/20252492918686N/A
6/30/20252472898989N/A
3/31/20252392478484N/A
12/31/20242312068080N/A
9/30/20242261727777N/A
6/30/20242201387474N/A
3/31/2024216757575N/A
12/31/2023212127676N/A
9/30/2023205168888N/A
6/30/2023198219999N/A
3/31/2023191259898N/A
12/31/2022185299696N/A
9/30/2022176369191N/A
6/30/2022168428686N/A
6/30/2021113296060N/A
6/30/202082124646N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASK's earnings are forecast to decline over the next 3 years (-16.9% per year).

Earnings vs Market: ASK's earnings are forecast to decline over the next 3 years (-16.9% per year).

High Growth Earnings: ASK's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ASK's revenue (5.9% per year) is forecast to grow slower than the Australian market (6.2% per year).

High Growth Revenue: ASK's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASK's Return on Equity is forecast to be low in 3 years time (3.5%).


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/05 15:00
End of Day Share Price 2026/06/05 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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 Storage King is covered by 15 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Steven TjiaBarrenjoey Markets Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Michael ArmstrongBell Potter