Abacus Group Stapled (Unit, Ordinary Share) - New
ABG: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$6.92 | Dgjn | Yxsvxjpc |
Abacus Group Earnings: Property Portfolio Recovering but Buffer to Debt Covenants Could be Larger
On its own, Abacus’ fall in occupancy to 92.6% in the December 2023 half, down from 95.0% six months earlier, is concerning given a marketwide oversupply of offices. But rent increases support our confidence in the outlook for no-moat Abacus.