Abacus Group Stapled (Unit, Ordinary Share) - New
ABG: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
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— | — | — | Mmsfndz |
Abacus Group's Property Portfolio Is Recovering, but Buffers to Debt Covenants Could Be Larger
Business Strategy and Outlook
Abacus Group’ primary assets were historically an office portfolio of mostly secondary assets, and one of Australia’s top three portfolios of self-storage assets. The REIT split into two listed entities in mid-2023, with Abacus Storage King focused on storage, and this vehicle, Abacus Group, focused on commercial property.