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Abacus Group (ABG) investor relations material
Abacus Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Total assets reached AUD 2.6 billion, with a diversified portfolio focused on office, retail, and self-storage sectors.
Statutory net profit was AUD 26.9 million, a significant turnaround from a AUD 241.0 million loss in FY24.
Funds from operations (FFO) were AUD 82.7 million, flat year-over-year, with FFO per security at 9.26cps and distributions maintained at 8.5cps per security.
Portfolio occupancy remained strong at 92.1%, with over 44,000 sqm leased and net face leasing spreads of 5.8%.
Self-storage (ASK) continues to deliver stable income and growth, with a 19.8% ownership stake.
Financial highlights
Like-for-like operating earnings rose 7.7% year-over-year, with all segments contributing to growth.
Office operating earnings up 9.8% year-over-year, supported by 4.3% rental growth and positive leasing spreads.
Retail operating earnings grew 8.8% year-over-year, driven by CPI-linked rental growth and improved occupancy.
ASK delivered AUD 16.8 million in earnings, plus AUD 18.1 million in management fees.
Net tangible assets per security at AUD 1.72; gearing at 34.5%; weighted average cap rate at 6.77%.
Outlook and guidance
FY26 distribution guidance set at 8.5cps per security, targeting a payout of 85%-95% of FFO.
Guidance assumes stable business conditions and continued management/ownership of ASK.
Earnings forecast at the top of the payout ratio range due to normalized tax expense.
Ongoing focus on re-leasing, capital partnering, and scaling investment management activities.
ASK subject to a takeover proposal; due diligence ongoing for a potential AUD 1.65 per security offer.
- TimeTickerHeadlineOpen
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