Abacus Storage King
ASK.ASXReal Estate
Owning, operating and managing a self storage operating platform and owning an investment portfolio, comprising of self storage properties and other investments across Australia and New Zealand.
Latest Earnings
HY26 Appendix 4D and Financial Report
16 February 2026
Abacus Storage King reported modest growth in HY26 with total revenue up 3.1% to $154.5m and net profit increasing 4.8% to $71.1m. However, funds from operations declined 5.3% to $41.0m, reflecting operational headwinds despite portfolio growth through acquisitions. The company maintained its 3.10 cent distribution with around $500m funding capacity for future growth initiatives. Key points: Successfully acquired four strategic assets for $58.1m during the period including operating stores and development sites; Strong balance sheet position with 31.9% gearing (lower end of 25-40% target range) and $500m funding capacity; Portfolio valued at $3.5bn with weighted average capitalisation rate tightening to 5.43% and portfolio valuation gain of $26.5m
Recent Announcements
Ceasing to be a substantial holder
Each of Runway Technologies Pty Ltd (ACN 621 556 376) (Runway Technologies) and its associates ceased to be a substantial holder.
HY26 Appendix 4D and Financial Report
Abacus Storage King reported modest growth in HY26 with total revenue up 3.1% to $154.5m and net profit increasing 4.8% to $71.1m. However, funds from operations declined 5.3% to $41.0m, reflecting operational headwinds despite portfolio growth through acquisitions. The company maintained its 3.10 cent distribution with around $500m funding capacity for future growth initiatives. Key points: Successfully acquired four strategic assets for $58.1m during the period including operating stores and development sites; Strong balance sheet position with 31.9% gearing (lower end of 25-40% target range) and $500m funding capacity; Portfolio valued at $3.5bn with weighted average capitalisation rate tightening to 5.43% and portfolio valuation gain of $26.5m
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