Abacus Group Stapled (Unit, Ordinary Share) - New
ABG: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| l.! | LOCK|@m | LOCK|RTT&$% |
Abacus Group and Abacus Storage King May Go Their Separate Ways
Business Strategy and Outlook
Abacus Group owns and manages an office-centric property portfolio, with a small portion of retail assets. The group also has exposure to the self-storage sector through Abacus Storage King, a REIT that was de-stapled from Abacus Group in 2023. Post de-staple, Abacus is the manager of the self-storage REIT and remains invested in it with a 20% stake. Through this structure, Abacus shares a portion of Storage King’s profits and is also remunerated as its external manager.
