EZO1 Stock Overview

Abacus Property Group (ASX:ABP), is a diversified Australian REIT with an investment portfolio concentrated in the Commercial property and Self Storage sectors. More details

EZO1 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	0/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 29% below our estimate of its fair value

Earnings are forecast to grow 53.58% per year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 7.33% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Abacus Group Competitors

alstria office REIT-AG

XTRA:AOX

€1.4b

Hamborner REIT

XTRA:HABA

€510.8m

Cromwell Property Group

ASX:CMW

AU$995.2m

Peakstone Realty Trust

NYSE:PKST

US$414.0m

Price History & Performance

Summary of share price highs, lows and changes for Abacus Group
Historical stock prices
Current Share Price	AU$0.68
52 Week High	AU$0.81
52 Week Low	AU$0.59
Beta	1.18
1 Month Change	-3.94%
3 Month Change	-15.11%
1 Year Change	-3.07%
3 Year Change	-71.02%
5 Year Change	-69.64%
Change since IPO	-73.12%

Recent updates

Shareholder Returns

	EZO1	DE Office REITs	DE Market
7D	0.7%	-0.9%	-2.6%
1Y	-3.1%	-13.6%	6.9%

Return vs Industry: EZO1 exceeded the German Office REITs industry which returned -13.6% over the past year.

Return vs Market: EZO1 underperformed the German Market which returned 6.9% over the past year.

Price Volatility

Is EZO1's price volatile compared to industry and market?
EZO1 volatility
EZO1 Average Weekly Movement	3.4%
Office REITs Industry Average Movement	3.0%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	11.2%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: EZO1 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: EZO1's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2001	n/a	Steven Sewell	www.abacusgroup.com.au

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.

Abacus Group Fundamentals Summary

How do Abacus Group's earnings and revenue compare to its market cap?
EZO1 fundamental statistics
Market cap	€621.38m
Earnings (TTM)	-€145.05m
Revenue (TTM)	€115.30m

5.4x

P/S Ratio

-4.3x

P/E Ratio

Is EZO1 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EZO1 income statement (TTM)
Revenue	AU$192.35m
Cost of Revenue	AU$43.59m
Gross Profit	AU$148.76m
Other Expenses	AU$390.75m
Earnings	-AU$241.99m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 23, 2025

Earnings per share (EPS)	-0.27
Gross Margin	77.34%
Net Profit Margin	-125.81%
Debt/Equity Ratio	58.4%

How did EZO1 perform over the long term?

See historical performance and comparison

Dividends

7.3%

Current Dividend Yield

85%

Payout Ratio

Does EZO1 pay a reliable dividends?

See EZO1 dividend history and benchmarks

When do you need to buy EZO1 by to receive an upcoming dividend?
Abacus Group dividend dates
Ex Dividend Date	Dec 30 2024
Dividend Pay Date	Feb 28 2025
Days until Ex dividend	7 days
Days until Dividend pay date	67 days

Does EZO1 pay a reliable dividends?

See EZO1 dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 17:59
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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 here.

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 .

Analyst Sources

Abacus Group is covered by 17 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.

Analyst	Institution
Russell Wright	APP Securities Pty Ltd.
Russell Wright	Barclay Pearce Capital Pty Limited
Steven Tjia	Barrenjoey Markets Pty Limited

EZO1 Stock Overview

Rewards

Risk Analysis

Abacus Group Competitors

XTRA:AOX

€1.4b

XTRA:HABA

€510.8m

ASX:CMW

AU$995.2m

NYSE:PKST

US$414.0m

Price History & Performance

Recent News & Updates

Abacus Group Announces Executive Changes

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)

Now 80% undervalued after recent price drop

Recent updates

Abacus Group Announces Executive Changes

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)

Now 80% undervalued after recent price drop

Now 20% overvalued

Dividend of AU$0.043 announced

Now 22% overvalued after recent price rise

Now 20% overvalued after recent price rise

Abacus Group, Annual General Meeting, Nov 20, 2024

Now 21% overvalued after recent price rise

New major risk - Financial position

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

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

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

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

New major risk - Share price stability

Abacus Property Group Announces Executive Changes

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

Now 22% undervalued

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

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

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

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 €60k worth of stock

MD & Director recently bought €125k worth of stock

Abacus Property Group Provides Distribution Guidance for the Fiscal Year 2023

Full year 2022 earnings released: EPS: AU$0.61 (vs AU$0.50 in FY 2021)

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 in line with expectations, revenues disappoint

Australian Unity Office Fund Reportedly Eyes Asset Sales

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.

MD & Director recently bought €253k worth of stock

Full year 2021 earnings released: FFO AU$0.18 per share (vs AU$0.19 in FY 2020)

Abacus Property Group Announces Special Distribution, Payable on September 30, 2021

High number of new directors

Abacus Property Group (ASX:ABP) agreed to acquire Portfolio of Five Self Storage Assets in Sydney from Storage King Funds Management Limited for AUD 160 million.

Upcoming dividend of AU$0.085 per share

Abacus Property Group (ASX:ABP) acquired remaining 60% stake in Oasis Shopping Centre, Broadbeach, Queensland from KKR & Co. Inc. (NYSE:KKR) for approximately AUD 100 million.

First half 2021 earnings released: FFO AU$0.092 per share (vs AU$0.11 in 1H 2020)

Walker Corporation Pty Ltd. agreed to acquire 50% of 710 Collins Street, Melbourne from Abacus Property Group (ASX:ABP) for AUD 56 million.

Abacus & Walker Corporation Enter Development Joint Venture with Walker Corporation

New 90-day low: €1.67

Abacus Property Group to Report First Half, 2021 Results on Feb 18, 2021

New 90-day high: €1.85