Abacus Group Stapled (Unit, Ordinary Share) - New
ABG: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$6.93 | Nbm | Qfsmtxjp |
Abacus Group Earnings: Under Review To Take a Deeper Dive After Storage Separation
We place our fair value estimate for Abacus Group under review following its fiscal 2023 result. We plan to perform a more detailed assessment of the group now that it has completed the separation of Abacus Storage King into a listed REIT. Abacus Group delivered funds from operations of AUD 19.8 cents per security. Distributions for the fiscal year totalled AUD 18.4 cps, up 2.2%. The REIT faces some short-term headwinds, but long-term fundamentals look reasonable.