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Abacus Property Group
(Sydney:ABG)
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Rating:58Neutral
Price Target:
AU$0.84
▼(-7.00% Downside)
Action:Reiterated
Date:08/26/26
The score is primarily held back by weak and volatile profitability (FY2026 net loss and negative operating margins), despite moderate leverage and consistently positive operating/free cash flow. Valuation is a key offset with a low P/E and high dividend yield, while technical indicators remain mildly bearish with the price below longer-term moving averages and a negative MACD.
Positive Factors
Positive Cash Generation
Positive operating cash flow in every year and positive free cash flow in FY2026 provide internal funding for property operations, debt service, and investment. This cash-generation base supports resilience, although its uneven relationship with earnings warrants monitoring.
Negative Factors
Severe Profitability Pressure
The FY2026 swing to a substantial net loss and negative operating margins weakens confidence in near-term earnings power. Persistent losses could reduce retained capital, constrain investment capacity, and make the sustainability of distributions more dependent on cash-flow timing or balance-sheet resources.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Cash Generation
Positive operating cash flow in every year and positive free cash flow in FY2026 provide internal funding for property operations, debt service, and investment. This cash-generation base supports resilience, although its uneven relationship with earnings warrants monitoring.
Read all positive factors
Abacus Property Group (ABG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$728.33M
Dividend Yield10.43%
Average Volume (3M)1.27M
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue Growth-5.19%
EPS Growth-377.08%
CountryAU
Employees738
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)-0.09
Shares Outstanding893,657,650
10 Day Avg. Volume1,049,288
30 Day Avg. Volume1,265,063
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.61
Price to Sales (P/S)5.16
P/FCF Ratio19.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.07Price Target Upside18.89% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.07
Revenue Forecast (FY)AU$151.80M
Abacus Property Group Business Overview & Revenue Model
Company Description
Abacus Property Group is a diversified Australian real estate investment trust (REIT), with a portfolio primarily focused on commercial properties and self-storage facilities. Our objective is to deploy capital into strategic real estate opportuni...
How the Company Makes Money
ABG primarily makes money through two main channels: (1) Property investment income and related property returns, and (2) funds/asset management income from managing property investment vehicles.
1) Property investment income (direct real estate ...
Abacus Property Group Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
58
Neutral
Cash Flow
64
Positive
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 167.26M | 152.62M | 144.37M | 147.07M | 308.39M |
| Gross Profit | 113.13M | 108.12M | 100.78M | 105.19M | 238.74M |
| EBITDA | -25.59M | 85.14M | -192.74M | -193.78M | 90.24M |
| Net Income | -74.50M | 26.91M | -241.04M | 25.50M | 517.16M |
Balance Sheet | |||||
| Total Assets | 2.46B | 2.59B | 2.63B | 5.61B | 5.41B |
| Cash, Cash Equivalents and Short-Term Investments | 46.02M | 23.95M | 23.56M | 71.90M | 176.50M |
| Total Debt | 955.97M | 942.10M | 939.33M | 1.01B | 1.71B |
| Total Liabilities | 1.04B | 1.03B | 1.02B | 2.24B | 1.91B |
| Stockholders Equity | 1.42B | 1.56B | 1.61B | 3.36B | 3.50B |
Cash Flow | |||||
| Free Cash Flow | 45.08M | 65.41M | 75.95M | 81.16M | 154.52M |
| Operating Cash Flow | 84.69M | 65.42M | 75.97M | 89.46M | 158.26M |
| Investing Cash Flow | 1.73M | 8.60M | 46.00M | -295.51M | -823.50M |
| Financing Cash Flow | -64.35M | -73.63M | -202.20M | 101.42M | 783.92M |
Abacus Property Group Technical Analysis
Neutral
0.90
Price Trends
0.83
Negative
0.88
Negative
0.95
Negative
Market Momentum
>-0.01
Negative
53.37
Neutral
84.17
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ABG, the sentiment is Neutral. The current price of 0.9 is above the 20-day moving average (MA) of 0.80, above the 50-day MA of 0.83, and below the 200-day MA of 0.95, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.37 is Neutral, neither overbought nor oversold. The STOCH value of 84.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:ABG.
Abacus Property Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$10.22B | 10.38 | 9.44% | 5.99% | 14.63% | 18.93% | |
74 Outperform | AU$9.06B | 8.70 | 9.83% | 5.13% | -7.59% | 178.60% | |
73 Outperform | AU$2.42B | 8.59 | 8.20% | 7.61% | 39.66% | 133.43% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | AU$6.13B | 13.07 | 4.83% | 6.45% | -28.16% | 250.74% | |
58 Neutral | AU$728.33M | -9.46 | -4.99% | 10.43% | -5.19% | -377.08% | |
54 Neutral | AU$9.38B | 27.00 | 20.47% | 2.55% | -19.06% | 6.95% |
* Real Estate Sector Average
AU:ABG
Abacus Property Group
0.82
-0.30
-27.17%
AU:CHC
Charter Hall Group
19.84
-2.43
-10.90%
AU:DXS
Dexus
5.74
-1.43
-20.00%
AU:GPT
GPT Group
4.73
-0.50
-9.63%
AU:SGP
Stockland
4.21
-1.92
-31.33%
AU:CLW
Charter Hall Long WALE REIT
3.35
-0.69
-17.16%
Abacus Property Group Corporate Events
Abacus Group Calls 2026 AGM, Backs Sale of Storage King Stake to Ki Corporation
Oct 23, 2026
Abacus Group has invited its investors to attend the 2026 Annual General Meetings, scheduled for 4:00 p.m. AEDT on 30 November 2026 at the company’s Sydney headquarters, with meeting materials provided primarily via electronic access in line...
Abacus Group Issues New Unquoted STI Deferral Rights Under Employee Scheme
Oct 19, 2026
Abacus Group has notified the market of the issue of 359,712 unquoted STI Deferral Rights under its employee incentive scheme, effective 13 October 2026. The securities, which are not intended to be quoted on ASX, form part of the group’s sh...
Abacus Group Sets Leadership Succession as Managing Director Steven Sewell Plans Retirement
Oct 11, 2026
Abacus Group has announced that Managing Director Steven Sewell intends to retire, with his tenure to continue until 9 July 2027 or an earlier date if a successor is appointed sooner. The board has begun a formal succession process and engaged ext...
Abacus Group Converts Unquoted Options Into Stapled Securities
Oct 9, 2026
Abacus Group has notified the market of the issue and transfer of 192,629 fully paid stapled securities, following the exercise or conversion of previously unquoted options or other unquoted convertible instruments. The new securities, dated 2 Oct...
Abacus director Steven Sewell expands equity incentive holdings
Oct 6, 2026
Abacus Group has disclosed a change in the interests of director Steven Sewell, reflecting an update in his holdings of stapled securities and performance-based rights under the company’s equity incentive arrangements. The disclosure undersc...
Abacus Group Issues New Tranche of Unquoted Employee Incentive Securities
Oct 6, 2026
Abacus Group has issued a total of 773,040 unquoted securities under its employee incentive schemes, comprising 711,523 long-term incentive rights and 61,517 short-term incentive deferral rights, effective 30 September 2026. The move underscores t...
Abacus Property’s Steven Sewell Reshapes Equity Incentive Holdings
Sep 25, 2026
Abacus Property Group has disclosed changes to Managing Director Steven Sewell’s holdings in the company’s stapled securities and equity incentive rights, reflecting a restructuring of his remuneration-linked interests. Sewell’s ...
Abacus Group Expands Equity Base With New Stapled Security Issue
Sep 25, 2026
Abacus Group has notified the market of the issue and transfer of 788,807 fully paid ordinary stapled securities, following the conversion or exercise of previously unquoted options or other convertible instruments. The securities, recorded under ...
Abacus exits Storage King stake to refocus on core commercial assets
Sep 17, 2026
Abacus Group has agreed to sell its 19.6% interest in Storage King Group for total gross proceeds of $284.8 million, at an average price of $1.11 per security.The divestment combines a strategic sale of a 10.37% stake to Ki Corporation at a premiu...
Abacus Group Reports Lapse of 1.58m Long-Term Incentive Rights
Sep 8, 2026
Abacus Group has notified the market of the cessation of 1,583,326 long-term incentive rights, recorded as ABGAL LTI RIGHTS on the ASX. The rights lapsed on 2 September 2026 because the performance or vesting conditions were not satisfied or becam...
Abacus Group Declares 4.25 Cent Distribution for Half-Year to June 2026
Aug 31, 2026
Abacus Group has announced a total distribution of 4.25 cents per stapled security for the six months ended 30 June 2026, to be paid on 31 August 2026. The payment comprises a 2.125 cent dividend from Abacus Group Holdings Limited and a 2.125 cent...
Abacus Property Group lodges 2026 ASX corporate governance statement
Aug 25, 2026
Abacus Property Group has confirmed the lodgement of its annual corporate governance statement for the year ended 30 June 2026, fulfilling ASX Listing Rule requirements for entities on the official list. The statement, current as at 25 August 2026...
Abacus Group sharpens focus as pure-play commercial REIT after FY26 reset
Aug 25, 2026
Abacus Group reported Funds from Operations of $81.2 million for FY26, a modest 1.9% decline from the prior year, while maintaining distributions at 8.50 cents per security despite a statutory net loss driven by accounting changes to its Storage K...
Abacus Group Confirms Final Timetable for June Half-Year Distribution
Aug 25, 2026
Abacus Group has confirmed final details for a six-month distribution to holders of its fully paid stapled securities, covering the period to 30 June 2026. The update formalises timing parameters for the payment, including an ex date of 30 June 20...
Abacus Property Group Swings to Loss but Maintains Investor Distributions
Aug 25, 2026
Abacus Property Group reported a 13.1% decline in total revenues and other income to $207.1 million for the year ended 30 June 2026, with net profit attributable to stapled security holders plunging to a loss of $75.5 million. Funds from operation...
Abacus Group to Mark Down Storage King Stake After Accounting Reclassification
Aug 14, 2026
Abacus Group has announced that its investment in Storage King Group will be reclassified for accounting purposes from an equity-accounted value to fair value as at 30 June 2026, following the internalisation of SKG and the release of SKG’s ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.