Abacus Property Group
ABP.AX
Australian Securities Exchange1.21
AUD
+0.03
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Abacus Property Group
ABP.AX
(Australian Securities Exchange)
Recent
price
1.21
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Abacus Group (ASX:ABG) operates as a diversified Australian real estate investment trust focused on commercial property investments, including office, retail, and industrial assets; it manages a high-quality portfolio diversified by market, asset grade, asset lifecycle, customer industry, and customer concentration. The company offers property investment, funds management, and development services across its commercial segments, with assets concentrated in metropolitan centers of Australia's eastern and southern states. Founded in 1996 and headquartered in Sydney, New South Wales, Abacus Group targets institutional and retail investors in the real estate sector. In a major strategic reorganization completed in August 2023, Abacus Property Group de-stapled its self-storage operations to create the separately listed Abacus Storage King (ASX:ASK), retaining a 19.9% strategic minority interest while rebranding and changing its ticker from ABP to ABG; this followed significant investments exceeding $1.4 billion in self-storage over the prior five years and positioned Abacus Group to concentrate on its commercial portfolio valued at approximately $2.2 billion post-restructure.