Abacus released their half yearly results this week for the period ending 31st December 2017; Results highlights The Group delivered an AIFRS statutory profit of $117.5 million in HY18 Abacus underlying profit was $77.3 million, up 11% 10% improvement in Abacus underlying earnings per security to 13.4 cents Abacus HY18 distribution per security up 3% to 9.0 cents Distribution payout ratio of 67.2% of underlying profit Net tangible assets (NTA) of $3.13 per security, up 4% Continue to enhance overall portfolio quality with over $200 million of office assets added to the commercial portfolio delivering stable cashflows to drive recurring earnings $26.7 million of value added to the self-storage portfolio reflecting its enhanced city metropolitan footprint Self-storage portfolio delivered RevPAM growth of 3.3% for the 6 month period Realised $88 million in cash from residential developments Group gearing at 21.3% Abacus reaffirms its targeted distribution of 18.0 cps for FY18. Investor Presentation Document #Abacus
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