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Abacus Property Group (ABPP.F) Stock Overview

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. More details

ABPP.F fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	1/6
Financial Health	2/6
Dividends	6/6

Rewards

Price-To-Earnings ratio (8.7x) is below the US market (15.4x)

Pays a high and reliable dividend of 6.65%

Risk Analysis

Earnings are forecast to decline by an average of 5.8% per year for the next 3 years

Shares are highly illiquid

Debt is not well covered by operating cash flow

Shareholders have been diluted in the past year

+ 2 more risks

ABPP.F Community Fair Values

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Abacus Property Group Competitors

Price History & Performance

Summary of share price highs, lows and changes for Abacus Property Group
Historical stock prices
Current Share Price	AU$1.80
52 Week High	AU$1.80
52 Week Low	AU$1.80
Beta	0.90
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	73.08%

Recent updates

Shareholder Returns

	ABPP.F	US REITs	US Market
7D	0%	0.4%	0.4%
1Y	n/a	4.1%	12.5%

Return vs Industry: Insufficient data to determine how ABPP.F performed against the US REITs industry.

Return vs Market: Insufficient data to determine how ABPP.F performed against the US Market.

Price Volatility

Is ABPP.F's price volatile compared to industry and market?
ABPP.F volatility
ABPP.F Average Weekly Movement	n/a
REITs Industry Average Movement	4.0%
Market Average Movement	7.2%
10% most volatile stocks in US Market	17.3%
10% least volatile stocks in US Market	3.7%

Stable Share Price: ABPP.F has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine ABPP.F's volatility change 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 Office 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 Property Group Fundamentals Summary

How do Abacus Property Group's earnings and revenue compare to its market cap?
ABPP.F fundamental statistics
Market cap	US$1.69b
Earnings (TTM)	US$192.48m
Revenue (TTM)	US$223.87m

8.7x

P/E Ratio

7.4x

P/S Ratio

Is ABPP.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ABPP.F income statement (TTM)
Revenue	AU$333.62m
Cost of Revenue	AU$81.30m
Gross Profit	AU$252.31m
Other Expenses	-AU$34.53m
Earnings	AU$286.84m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

Aug 18, 2023

Earnings per share (EPS)	0.32
Gross Margin	75.63%
Net Profit Margin	85.98%
Debt/Equity Ratio	55.0%

How did ABPP.F perform over the long term?

See historical performance and comparison

Dividends

6.7%

Current Dividend Yield

94%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/03/07 07:27
End of Day Share Price	2022/12/08 00:00
Earnings	2022/12/31
Annual Earnings	2022/06/30

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 15 analysts. 10 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