Abacus Storage King

ASK.ASX

Real 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.

Market Data

Price

$1.393

+0.0%
Market Cap

$1.8B

P/E Ratio

6.2x

EPS

$0.222

Div. Yield

4.46%

52-Week Change

-0.0%

Latest Earnings

HY26 Appendix 4D and Financial Report

16 February 2026

Revenue
$154.50
+3.1% YoY
NPAT
$71.10
+4.8% YoY
EPS
$0.05
Dividend
$0.03

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

13 May 2026 Sph Neutral

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.

16 Feb 2026 Actual Results Neutral

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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