Tag Archives: ABP

Abacus released their FY22 results with an 18% gain in funds from operations following a $1.2bn investment spend.

Abacus Property Group has simultaneously exchanged and settled contracts to dispose of a 50% interest in 464 St Kilda Road, Melbourne VIC to co-owner Wing Tai.

Abacus announced its results for the half year ended 31 December 2021 with earnings per security up 8.2% from a resilient self storage sector which now comprises over 50% of FUM in the group.

Abacus Property Group will exit its remaining residential development and mortgage legacy loan positions by converting two loans to equity and in the refinance of a third.

Abacus Property Group has exchanged contracts to acquire a 100% leasehold interest (296 years remaining) in 77 Castlereagh Street, Sydney NSW, with settlement anticipated in January 2022.

Abacus Property Group has been active of the 1st quarter of FY22 to grow its portfolio of Self Storage locations and to manage operating conditions in its Commercial portfolio due to the Covid-19 related impacts across Australia and New Zealand.

Abacus Property Group has recorded a 4.5% gain in value across its portfolio, adding $140m of value.

Abacus has agreed term to acquire another 5 Storage King assets in Sydney for $160m.

Abacus Property Group and the Charter Hall Long WALE REIT have each exchanged contracts to acquire a 1/3rds interest in the “Myer Melbourne” property

Abacus Property Group announces it has exchanged contracts the purchase of the remaining 60% interest in The Oasis Centre, Broadbeach QLD from an affiliate of KKR and separately completed the acquisition of four additional Self Storage facilities.

Abacus released its results today revealing a decline in Earnings per Share of -14% mostly due to additional securities hitting the register during the period as well as from lower actual earnings rom non core assets.

Abacus Property Group (Abacus) [ASX: ABP] announces it has exchanged contracts to enter a development joint venture on 710 Collins Street, Melbourne with Walker Corporation

Abacus has embarked on a $402m capital raising to bolster its balance sheet to fund its ambitious pipeline.

As part of its commitment to sustainability, Abacus have released their 2020 Sustainability Report which provides their stakeholders an update on their approach and achievements to sustainability.

Abacus has finalised plans to acquire the remaining 75% interest in the Self Storage operating platform, Storage King for $50m and acquired a further 4 Self Storage properties for $45.1m.