Duyuru • May 22
Abacus Group Reportedly Plans Sale of Stake In Abacus Storage King Abacus Group (ASX:ABG)'s management internalisation deal with its listed satellite is barely dry and already the next chapter appears to be taking shape. Sources suggest Morgan Stanley, which advised Abacus Group on the internalisation, is working on a plan to sell down Abacus Group's almost 20% stake in the $1,840 million listed Abacus Storage King (ASX:ASK). They say the $300 million-plus deal could be imminent - and it is understood billionaire Nathan Kirsh will acquire half of the parcel while the remainder is to be placed with institutional investors. Mr. Kirsh, whose interests own about 40% of Abacus Storage King directly, would emerge from the transaction with a meaningfully larger foothold in the fund, consolidating his position as the dominant force in the business just as it begins its life as a fully internally managed REIT. The institutional placement of the remaining half would broaden the register and provide the liquidity that has at times eluded the stock since its 2023 listing. The logic behind Abacus Group's exit is straightforward enough. With the management agreement terminated, the fund has been cut loose to stand on its own feet. Abacus Group, which is now essentially an office and retail property owner comprising about 16 office assets worth $1,500 million and two retail properties worth about $419 million, has its own capital structure to tend to. Net proceeds from the internalisation are earmarked for debt repayment, reducing gearing from 34% to somewhere in the 15-20% range. Kirsh's decision to absorb half of Abacus Group's departing stake can reasonably be read as a vote of confidence in the fund's prospects under its new structure, and a further consolidation of his grip on a business he has long sought to reshape. Duyuru • Feb 25
Abacus Group Reaffirms Distribution Guidance of Fiscal Year 2026 Abacus Group reaffirmed Fiscal year 2026 distribution guidance of 8.505 cents per security, targeting a full year payout ratio of 85%-95% of FFO, predicated on no material decline in current business conditions, including the management and 19.7% ownership of Abacus Storage King. Duyuru • Oct 22
Abacus Group, Annual General Meeting, Nov 20, 2025 Abacus Group, Annual General Meeting, Nov 20, 2025. Location: level 13, 77 castlereagh street, sydney, nsw 2000, Australia Duyuru • Jun 25
Abacus Group Announces Ordinary Dividend for the Six Months Ended June 30, 2025, Payable on August 29, 2025 Abacus Group announced ordinary dividend of AUD 0.04250000 for the six months ended June 30, 2025. The payable date is August 29, 2025, ex date is June 30, 2025 and record date is July 1, 2025. Board Change • Mar 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Non-Executive Director Trent Alston was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Feb 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Non-Executive Director Trent Alston was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Feb 24
Abacus Group Affirms Distribution Guidance for the Fiscal Year 2025 Abacus Group affirms its fiscal year 2025 distribution guidance of 8.5 cents per security, targeting a full year payout ratio of 85%-95% of FFO, predicated on no material decline in current business conditions. Board Change • Jan 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Non-Executive Director Trent Alston was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Non-Executive Director Trent Alston was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Dec 17
Abacus Group Announces Executive Changes Abacus Group announced that Ms. Lucy Rowe will be appointed as company secretary, effective immediately. For the purposes of ASX Listing Rule 12.6, Ms. Rowe will be the primary person responsible for communications with ASX in relation to Listing Rule matters. Ms. Belinda Cleminson has notified the Board of her resignation as company secretary. Board Change • Nov 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Non-Executive Director Trent Alston was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Non-Executive Director Trent Alston was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Oct 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Non-Executive Director Trent Alston was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Sep 27
Sally Herman to Retire from Abacus Group Board, Effective September 30, 2024 Abacus Group announced that Sally Herman will retire from the company Board, with effect from close of business, 30 September 2024. The Board would like to thank Sally for her contribution to the Abacus Group Board and its Committees since joining in December 2022. Duyuru • Sep 06
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. 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 on September 4, 2024. A cash consideration of AUD 121 million will be paid by HMC Capital Limited.
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 on September 4, 2024. Reported Earnings • Aug 23
Full year 2024 earnings released: AU$0.27 loss per share (vs AU$0.27 loss in FY 2023) Full year 2024 results: AU$0.27 loss per share (further deteriorated from AU$0.27 loss in FY 2023). Revenue: AU$172.7m (up 22% from FY 2023). Net loss: AU$242.0m (loss widened 1.6% from FY 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Duyuru • Apr 10
Abacus Group, Annual General Meeting, Nov 20, 2024 Abacus Group, Annual General Meeting, Nov 20, 2024. Reported Earnings • Feb 27
First half 2024 earnings released: AU$0.16 loss per share (vs AU$0.095 profit in 1H 2023) First half 2024 results: AU$0.16 loss per share (down from AU$0.095 profit in 1H 2023). Revenue: AU$63.8m (down 68% from 1H 2023). Net loss: AU$144.5m (down 271% from profit in 1H 2023). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Duyuru • Dec 20
Abacus Group to Report First Half, 2024 Results on Feb 27, 2024 Abacus Group announced that they will report first half, 2024 results on Feb 27, 2024 Duyuru • Dec 14
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 Property Group announced dividend of AUD 0.04250000 per share on ABP - FULLY PAID ORDINARY/UNITS STAPLED SECURITIES for the six months ended December 31, 2023. For the dividend record date is December 29, 2023, Ex-Date is December 28, 2023 and payment date is February 29, 2024. Duyuru • Sep 18
Abacus Group(ASX:ABG) dropped from S&P/ASX 200 Index Abacus Group(ASX:ABG) dropped from S&P/ASX 200 Index Reported Earnings • Aug 22
Full year 2023 earnings released: FFO per share: AU$0.2 (vs AU$0.19 in FY 2022) Full year 2023 results: FFO per share: AU$0.2 (up from AU$0.19 in FY 2022). Revenue: AU$141.4m (down 11% from FY 2022). Funds from operations (FFO): AU$175.0m (up 8.8% from FY 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Office REITs industry in Europe. Duyuru • Aug 19
Abacus Group Provides Distributions Guidance for the Fiscal Year 2024 Abacus Group provides distributions guidance for the fiscal year 2024. The company affirm that it expect distributions for the full year to be at least $0.085 per share for Abacus Group. Duyuru • Aug 04
Abacus Property Group Announces Executive Changes Abacus Property Group announced as part of De-stapling Implementation, Mark Bloom has resigned from the Abacus Group Board after two years of service and remains as a Non-Executive Director on the ASK Board. The Appendix 3Z for Mark Bloom together with the Appendix 3Zs for John O'Sullivan, Stephanie Lai and Karen Robbins for the purposes of closing out their Appendix 3Xs given to ASX by Abacus Property Group on 13 June 2023 will be lodged following this announcement. Myra Salkinder, Trent Alston, Mark Haberlin, Sally Herman and Jingmin Qian have resigned from the ASK Board and remain as directors on the Abacus Group Board. Upcoming Dividend • Jun 23
Upcoming dividend of AU$0.094 per share at 7.1% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 31 August 2023. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.5%). Duyuru • Jun 19
Abacus Property Group Announces Dividend for the Six Months Ending June 30, 2023, Payable on August 31, 2023 Abacus Property Group announced dividend of AUD 0.09400000 per share on ABP - FULLY PAID ORDINARY/UNITS STAPLED SECURITIES for the six months ended June 30, 2023. For the dividend record date is July 3, 2023, Ex-Date is June 30, 2023 and payment date is August 31, 2023.