Abacus agreed to sell its 20% interest in Storage King for AUD 285 million via two block trades: 9% to an undisclosed party at AUD 1.00 per Storage King security, and the rest to Ki Corporation at AUD 1.20 per security. On average, the sale price is AUD 1.11.
Some of Abacus’ assets are in city fringe locations that could see solid population growth. These sites have the potential to be redeveloped for higher- and better-use purposes, increasing asset values.
If asset values decline further, this could further strain Abacus' balance metrics, which are already stretched.
|
Metric
|
ABG
|
DXS
|
GOZ
|
|---|---|---|---|
Price/Earnings (Normalized) | 41.62 | 9.57 | 12.57 |
Price/Book Value | 0.51 | 0.60 | 0.63 |
Price/Sales | 4.97 | 9.39 | 4.39 |
Price/Cash Flow | 8.55 | 11.40 | 9.78 |
|
Metric
|
ABG
|
DXS
|
GOZ
|
|---|---|---|---|
Quick Ratio | 5.66 | 0.18 | 0.17 |
Current Ratio | 6.53 | 0.28 | 0.24 |
Interest Coverage | −0.82 | 2.02 | 1.99 |
|
Metric
|
ABG
|
DXS
|
GOZ
|
|---|---|---|---|
Return on Assets (Normalized) | 0.78% | 3.51% | 2.01% |
Return on Equity (Normalized) | 1.31% | 5.40% | 3.81% |
Return on Invested Capital (Normalized) | 1.90% | 3.62% | 3.60% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Goodman Group
GMGSF
| — | LOCK|llx& | $37B | |||
| VICI Properties Inc Ordinary Shares
VICI
| — | LOCK|N$! | $25B | |||
| W.P. Carey Inc
WPC
| — | LOCK|!Bj | $15B | |||
| Stockland Corp Ltd
STKAF
| — | LOCK|>M? | $7B | |||
| Land Securities Group PLC ADR
LDSCY
| — | LOCK|wK | $7B | |||
| Land Securities Group PLC
LSGOF
| — | LOCK|?^ | $7B | |||
| Fibra Uno Administracion SA de CV Certificados Bursatiles Fiduciarios Inmobiliario Series -11-
FBASF
| — | LOCK|M? | $6B | |||
| Charter Hall Group
CTOUF
| — | LOCK|h$!?G | $6B | |||
| GPT Group
GPTGF
| — | LOCK|xXR | $6B | |||
| Covivio SA
GSEFF
| — | LOCK|Dg | $5B |
United States