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Abacus Storage King

Equity Real Estate Investment Trusts (REITs)

Abacus Storage King is a prominent self-storage operating platform that manages a diverse investment portfolio of storage properties across Australia and New Zealand. The company capitalizes on the growing demand for self-storage solutions, offering secure and convenient options for both personal and business use. Leveraging its extensive network, Abacus Storage King maintains a strong market pres...

self storage

real estate

australia

new zealand

Shorted

short percentage0.74%

reported shorts9.8M

shares on issue1.314B

About

website

abacusgroup.com.au

industry

Equity Real Estate Investment Trusts (REITs)

address

Level 13, 77 Castlereagh Street, SYDNEY, NSW, AUSTRALIA, 2000

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Key Metrics

market cap

$2.02B

price$1.54

p/e ratio7.00

eps$0.22

dividend yield40300.00%

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Historical Price Data

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Industry & Focus

self storage

real estate

australia

new zealand

reit

Company Overview

AI-generated company summary

Company History

Abacus Storage King was established as part of the Abacus Group's expansion into the self-storage sector. Over the years, it has strategically acquired numerous storage properties, significantly enhancing its footprint in Australia and New Zealand. The company went public, allowing it to access capital markets for further expansion. Through strategic acquisitions and investments, it has grown its portfolio and solidified its position in the market.

Competitive Advantages

Abacus Storage King benefits from its extensive network of strategically located storage facilities, offering convenience to a broad customer base. The company's strong brand recognition in the self-storage market provides it with a competitive edge, enabling it to attract and retain clients. Additionally, its integration within the larger Abacus Group allows for optimized resource utilization and strategic investments.

Risk Factors

•Potential market saturation with increasing competition from other REITs and independent operators.
•Economic downturns which may impact consumer spending and demand for storage spaces.
•Regulatory changes affecting real estate investments and property management costs.

Recent Developments

Last 6 months

In the past six months, Abacus Storage King has announced the acquisition of additional storage facilities, expanding its reach in both urban and regional areas. The company's latest financial results highlighted a strong performance in revenue, attributed to the consistent demand for self-storage solutions.

Key People

Leadership team at Abacus Storage King

Steven Sewell

CEO

Steven Sewell is the CEO of Abacus Group, with extensive experience in real estate and asset management. He has been pivotal in driving growth and expanding the company's portfolio in the self-storage sector.

Lynn Quinn

CFO

Lynn Quinn serves as the CFO of Abacus Group, bringing over two decades of financial expertise in various industries, including real estate. Her strategic financial leadership has been instrumental in the company's fiscal management and expansion strategies.

Financial Reports

13 reports available

FY25 Annual Report and Appendix 4E

Annual ResultsAug 14, 2025via asx_announcements

HY25 Appendix 4D and Financial Report

Half Year ResultsFeb 14, 2025via asx_announcements

FY24 Annual Report and Apppendix 4E

Annual ReportAug 13, 2024via asx_announcements

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