Abacus Group’ primary assets were historically an office portfolio of mostly secondary assets, and one of Australia’s top three portfolios of self-storage assets. The REIT split into two listed entities in mid-2023, with Abacus Storage King focused on storage, and this vehicle, Abacus Group, focused on commercial property.
Storage demand has grown as economic activity improved, driving up occupancy and revenue per available square meter.
If asset values decline further, this could limit Abacus' growth options from acquisitions and developments.
|
Metric
|
ABG
|
GOZ
|
NSR
|
|---|---|---|---|
Price/Earnings (Normalized) | — | 37.80 | 18.03 |
Price/Book Value | 0.59 | 0.63 | 10.20 |
Price/Sales | 14.33 | 5.70 | 8.95 |
Price/Cash Flow | 9.66 | 11.79 | 20.75 |
|
Metric
|
ABG
|
GOZ
|
NSR
|
|---|---|---|---|
Quick Ratio | 2.06 | 0.64 | 0.39 |
Current Ratio | 2.26 | 0.70 | 0.48 |
Interest Coverage | −71.56 | −2.04 | 5.53 |
|
Metric
|
ABG
|
GOZ
|
NSR
|
|---|---|---|---|
Return on Assets (Normalized) | −9.43% | −4.66% | 3.19% |
Return on Equity (Normalized) | −15.44% | −7.96% | 55.68% |
Return on Invested Capital (Normalized) | −10.66% | −3.27% | 4.04% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
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