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Abacus Property Group Announces 5.4% Decline in Full Year Distribution Per Security

August 18, 2021 – Abacus Property Group announced its financial results for the full year ended 30 June 2021 (FY21), reflecting a full year distribution per security (DPS) of 17.5 Australian cents, down 5.4% from last year.

The group’s statutory profit hit $369.4 million in FY21, up 336% from $84.7 million last year.

Over the course of FY21 and including some post balance date transactions, Abacus has deployed $1 billion of capital into key sectors of Commercial and Self Storage.

This was achieved through a series of acquisitions and joint ventures, funded by a combination of non-core disposals, debt and the December 2020 equity raising. 

Abacus’ Managing Director, Steven Sewell commented “Abacus had an active year including deployment of $1 billion of capital, completion of a $402 million Entitlement Offer and internalisation of our Self Storage manager Storage King, to become a vertically integrated Self Storage investment platform.”

“Since FY17 Abacus has diligently deployed over $2.3 billion into its key sectors and has transformed into the strong asset backed, annuity style investment house it is today.”

Read more here..

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