Abacus Group Stapled (Unit, Ordinary Share) - New

ABG: XASX (AUS)
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Storage King Departure Date Locked In for Abacus Group

Business Strategy and Outlook

Abacus Group owns and manages an office-centric property portfolio, with a small number of retail assets. The group also has exposure to the self-storage sector through Storage King, a REIT that was de-stapled from Abacus Group in 2023. Following the de-staple, Abacus has been the manager of the self-storage REIT and retains a 20% stake. Through this structure, Abacus shares a portion of Storage King’s profits and is also remunerated as its external manager.

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