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Abacus Property Group
(Sydney:ABG)
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Rating:58Neutral
Price Target:
AU$0.94
â–²(4.56% Upside)
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
Consistently positive cash generation
Persistent positive operating and free cash flow supports ongoing property operations and financing capacity. Although conversion is uneven, this cash generation provides a durable buffer against earnings volatility and reduces reliance on external funding.
Negative Factors
Severe profitability deterioration
Negative operating and net margins weaken the company’s ability to fund distributions, reinvest in assets, and absorb property-market pressure. The scale of the FY2026 loss raises concerns that reported revenue is not translating into sustainable shareholder earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistently positive cash generation
Persistent positive operating and free cash flow supports ongoing property operations and financing capacity. Although conversion is uneven, this cash generation provides a durable buffer against earnings volatility and reduces reliance on external funding.
Read all positive factors
Abacus Property Group (ABG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$741.74M
Dividend Yield10.12%
Average Volume (3M)1.19M
Price to Earnings (P/E)―
Beta (1Y)0.47
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. Volume1,608,849
30 Day Avg. Volume1,194,660
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$1.18Price Target Upside31.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.07
Revenue Forecast (FY)AU$155.28M
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
null...
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 | 89.24M |
| 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
Negative
0.90
Price Trends
0.91
Negative
0.94
Negative
1.00
Negative
Market Momentum
-0.02
Positive
33.25
Neutral
7.40
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ABG, the sentiment is Negative. The current price of 0.9 is above the 20-day moving average (MA) of 0.88, below the 50-day MA of 0.91, and below the 200-day MA of 1.00, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 33.25 is Neutral, neither overbought nor oversold. The STOCH value of 7.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$2.51B | 9.00 | 8.20% | 6.93% | 39.66% | 133.43% | |
76 Outperform | AU$10.81B | 10.76 | 9.44% | 6.12% | 14.63% | 18.93% | |
74 Outperform | AU$8.75B | 8.38 | 9.83% | 4.90% | -7.59% | 178.60% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | AU$6.16B | 13.20 | 4.83% | 6.46% | -28.16% | 250.74% | |
58 Neutral | AU$741.74M | -9.69 | -4.99% | 9.19% | -5.19% | -377.08% | |
54 Neutral | AU$8.85B | 25.33 | 20.47% | 2.28% | -19.06% | 6.95% |
* Real Estate Sector Average
AU:ABG
Abacus Property Group
0.84
-0.28
-25.27%
AU:CHC
Charter Hall Group
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AU:DXS
Dexus
5.81
-1.12
-16.16%
AU:GPT
GPT Group
4.61
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AU:SGP
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4.41
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-25.18%
AU:CLW
Charter Hall Long WALE REIT
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-17.47%
Abacus Property Group Corporate Events
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 ...
Abacus Group Issues 25,611 New Stapled Securities Following Option Conversions
Jul 3, 2026
Abacus Group has notified the market of the issue of 25,611 fully paid ordinary units in its stapled securities structure, listed under the ASX code ABG, following the conversion of previously unquoted options or other convertible instruments. The...
Abacus Group Discloses Final Director Interest Notice for Departing Board Member
Jul 1, 2026
Abacus Group has announced that non-executive director Myra Salkinder ceased to be a director of the group effective close of business on 30 June 2026. The filing notes that she held no securities as a registered holder but had relevant interests ...
Abacus Group Updates Trading Policy to Tighten Governance on Securities Dealings
Jul 1, 2026
Abacus Group has released a revised trading policy governing dealings in its securities by directors, employees and their associates, in line with ASX Listing Rule 12.10. The updated policy, now available on the company’s website, is designe...
Abacus Group Names Lawrence Wong as New Chief Financial Officer
Jun 23, 2026
Abacus Group has appointed Lawrence Wong as its new Chief Financial Officer, with his commencement set for mid-August and formal assumption of the role on 1 September 2026. Wong brings three decades of senior finance and CFO experience across prop...
Abacus Group Declares Half-Year Distribution for June 2026 Period
Jun 18, 2026
Abacus Group has declared a six-month distribution of AUD 0.0425 per fully paid stapled security for the period ending 30 June 2026. The securities will trade ex-distribution on 30 June, with a record date of 1 July and payment scheduled for 31 Au...
Abacus Group Reshapes Board as Long-Serving Chair Myra Salkinder Retires
May 26, 2026
Abacus Group has announced that long-serving director and current Chair Myra Salkinder will retire from the board at the close of business on 30 June 2026, after overseeing the group’s evolution into a focused, asset-backed property platform...
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.