19/06/2023 16:49

Abacus Property Group (ABP) $2.73

ABP +5.81%: a strong return to the boards today from the property group after announcing a $225m capital raise. They plan to list Abacus Storage King (ASK) on its own by early August with the capital raise going towards paying down debt and funding new developments.

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30/05/2023 09:20

Abacus Property Group (ABP) $2.62

ABP spiked higher in February after announcing a possible $3bn spin-off of its Storage King business into a listed property trust which would theoretically help the company unlock some decent intrinsic value. ABP trades on 14.3x while its larger rival in the self-storage space, National Storage REIT (NSR) trades on 21.8x.

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17/02/2023 09:16

Abacus Property Group (ABP) $3.06

ABP rallied +7.4% yesterday after announcing a possible $3bn spin-off of its Storage King business into a listed property trust which should help the company unlock some decent intrinsic value. ABP trades on 16x while its larger rival in the self-storage space, National Storage REIT (NSR) trades on 21x, while, like many REITs, ABP has been trading at a heavy discount to its asset values making the move both logical and attractive.

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01/12/2022 09:09

Abacus Property Group (ABP) $2.75

ABP has followed the real estate sector lower through 2022 but opportunities arise when things look their worst and they certainly feel bad in Australia today including both residential and commercial. The only question we pose is whether there’s enough meat in this particular sandwich over the coming month (s) as the $3 area feels likely to be a major hurdle at least short-term although an estimated 6.7% yield over the next 12 months is certainly appealing for the patient investor. • We like ABP for an initial 10% rally back above $3.

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16/08/2022 09:24

Abacus Property Group (ABP) $2.89

ABP is a diversified property investment group that provides exposure to a portfolio of commercial office space and self-storage real estate, the stock is reasonably priced trading on an estimated PE of 14.6x for 2022 while it’s expected to yield 6.4% over the next 12 months. ABP reports  results today so we will get a better handle on this then, however, we...

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17/02/2022 17:07

Abacus Property (ABP) $3.54

ABP +0.85%; the string of solid updates from Australian property companies continued today with Abacus  reporting a good set of numbers + they provided FY22 distribution guidance which shows confidence in their business. Whether you own ABP or not (we don’t – we own National Storage (NSR) in our Income Portfolio), we all have property investments and ABP has their finger in a few pies so to speak. Here are the high notes:

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17/01/2022 09:28

Chapter 3 – Increase flexibility & quality

We have already touched on increasing defensives and cash through 2022 but what stocks to hold in respective sectors and the market as we alluded to earlier ultimately dictates portfolio performance and as we expect shorter and sharper cycles opportunities to buy & sell are likely to present themselves at regular times – not being active enough on the sell side was probably our largest portfolio detractor last year.

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18/08/2021 09:22

Reporting Today (BHP, BXB, COL, DMP, DHG, ABP, BAP, CTD, NWL, OZL, SUL)

A huge session on the reporting front today we’ll work through results throughout the day. Companies reporting today on MM’s radar include: BHP Billiton (BHP): Reported FY21 results overnight that were largely inline, however a lot of moving parts as we discuss below. Brambles (BXB): Reported yesterday afternoon and the earnings were inline with expectations. Underlying profit was $879.3. which was up 10% y/y and a whisker ahead of the $877m expected

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10/03/2021 11:56

Active Income Portfolio – Amendments

We are tweaking our exposure in the Active Income Portfolio today

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10/03/2021 09:02

Abacus Property (ABP) $2.68

ABP has been a weak performer in this portfolio with returns underwhelming us to date. While the stock remains undervalued relative to its assets, there are plenty of property stocks listed that fall into this category and we need to be focussing our efforts in the areas that we believe will have the best returns from here

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