Abacus Group Stapled (Unit, Ordinary Share) - New
ABG: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|@t | LOCK|fM | LOCK|QS^G^#s |
Storage King Departure Date Locked In for Abacus Group
Business Strategy and Outlook
Abacus Group owns and manages an office-centric property portfolio, with a small number of retail assets. The group also has exposure to the self-storage sector through Storage King, a REIT that was de-stapled from Abacus Group in 2023. Following the de-staple, Abacus has been the manager of the self-storage REIT and retains a 20% stake. Through this structure, Abacus shares a portion of Storage King’s profits and is also remunerated as its external manager.
