Abacus Group (ASX: ABG) Share Price and News

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Abacus Group Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $1.05 billion
P/E Ratio 3.32
Dividend Yield 11.82%
Shares Outstanding 893.66 million
Earnings per share -0.523
Dividend per share 0.14
Year To Date Return 0.43%
Earnings Yield 30.11%
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as at 24 Feb 3:44pm

  • Abacus Group (ASX: ABG)
    Latest News

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    This ASX 200 real estate share is jumping 8% despite a huge profit decline

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    Why Abacus, Centaurus, Pointsbet, and Woolworths shares are racing higher

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    Is real estate about to rocket again? 2 ASX shares to buy for the comeback

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    Here are the top 10 ASX 200 shares today

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    Frequently Asked Questions

    Yes, Abacus has historically made two unfranked security holder distributions a year in February and August.

    Yes, Abacus has a distribution reinvestment plan (DRP) allowing security holders to convert part or all of their distributions into additional securities. The status of the DRP is included in results announcements.

    Abacus Property Group listed on the ASX on 14 November 2002.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    28 Dec 2023 $0.0425 0.00% Interim 29 Feb 2024
    30 Jun 2023 $0.0940 0.00% Final 31 Aug 2023
    29 Dec 2022 $0.0900 0.00% Interim 28 Feb 2023
    30 Jun 2022 $0.0925 0.00% Final 31 Aug 2022
    30 Dec 2021 $0.0875 0.00% Interim 28 Feb 2022
    23 Aug 2021 $0.0050 0.00% Special Cash 30 Sep 2021
    29 Jun 2021 $0.0850 0.00% Final 31 Aug 2021
    14 Jan 2021 $0.0850 0.00% Interim 26 Feb 2021
    29 Jun 2020 $0.0905 0.00% Final 31 Aug 2020
    30 Dec 2019 $0.0945 0.00% Interim 28 Feb 2020
    27 Jun 2019 $0.0925 0.00% Final 30 Aug 2019
    28 Dec 2018 $0.0925 0.00% Interim 28 Feb 2019
    28 Jun 2018 $0.0900 0.00% Final 31 Aug 2018
    17 Jan 2018 $0.0900 0.00% Interim 28 Feb 2018
    06 Jul 2017 $0.0875 0.00% Final 31 Aug 2017
    17 Jan 2017 $0.0875 0.00% Interim 28 Feb 2017
    06 Jul 2016 $0.0850 0.00% Final 31 Aug 2016
    15 Jan 2016 $0.0850 0.00% Interim 26 Feb 2016
    17 Jan 2014 $0.0825 0.00% Interim 27 Feb 2014

    ABG ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Abacus Group

    Abacus Property Group (ASX: ABP) is a diversified property group with interests in storage, office, and retail. Its assets are concentrated in metropolitan centres in Australia's eastern and southern states and in Auckland, New Zealand.

    Under its current strategy, Abacus is aiming for a simpler and more conservative business, primarily as an owner of self-storage and office assets. It remains an active acquirer and developer of self-storage properties which make up more than half of its portfolio. The group has divested its previous interests in residential property.

    Abacus is a stapled security comprising a share in each of Abacus Group Holdings and Abacus Group Projects and a unit in each of Abacus Trust and Abacus Income Trust, which can only be traded together.

    ABG Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    27 May 2024 $1.17 $0.01 0.87% 190,708 $1.16 $1.17 $1.14
    24 May 2024 $1.16 $0.00 0.00% 619,088 $1.16 $1.17 $1.14
    23 May 2024 $1.16 $0.01 0.87% 406,956 $1.15 $1.17 $1.14
    22 May 2024 $1.15 $0.01 0.88% 671,562 $1.15 $1.16 $1.15
    21 May 2024 $1.14 $-0.01 -0.87% 877,197 $1.15 $1.15 $1.13
    20 May 2024 $1.15 $-0.01 -0.86% 421,032 $1.17 $1.17 $1.14
    17 May 2024 $1.16 $-0.01 -0.85% 307,655 $1.17 $1.17 $1.16
    16 May 2024 $1.17 $0.03 2.63% 615,003 $1.15 $1.17 $1.15
    15 May 2024 $1.14 $0.00 0.00% 877,908 $1.14 $1.15 $1.13
    14 May 2024 $1.14 $-0.02 -1.72% 547,363 $1.16 $1.18 $1.14
    13 May 2024 $1.16 $-0.01 -0.86% 386,742 $1.19 $1.19 $1.15
    10 May 2024 $1.17 $0.02 1.74% 242,925 $1.17 $1.18 $1.16
    09 May 2024 $1.15 $-0.02 -1.72% 426,533 $1.16 $1.18 $1.15
    08 May 2024 $1.17 $-0.01 -0.85% 768,501 $1.18 $1.19 $1.17
    07 May 2024 $1.18 $0.02 1.72% 432,645 $1.17 $1.18 $1.16
    06 May 2024 $1.16 $0.02 1.75% 720,651 $1.14 $1.17 $1.14
    03 May 2024 $1.14 $0.00 0.00% 672,830 $1.14 $1.16 $1.14
    02 May 2024 $1.14 $0.00 0.00% 1,594,449 $1.16 $1.16 $1.14
    01 May 2024 $1.14 $-0.02 -1.72% 484,345 $1.16 $1.16 $1.14
    30 Apr 2024 $1.16 $0.01 0.87% 567,330 $1.14 $1.17 $1.14

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    06 Mar 2024 Sally Herman Buy 10,608 $12,099
    On-market trade.
    06 Mar 2024 Sally Herman Buy 19,292 $22,004
    On-market trade.
    29 Feb 2024 Steven Sewell Issued 88,108 $98,680
    Issue of securities. 24,94,788 Rights
    06 Dec 2023 Steven Sewell Issued 1,120,690 $1,210,345
    Issue of securities. 24,06,680 Rights
    13 Sep 2023 Steven Sewell Exercise 185,107 $197,138
    Conversion of securities. 1285990 Rights
    13 Sep 2023 Steven Sewell Buy 185,107 $197,138
    Conversion of securities.
    08 Sep 2023 Steven Sewell Issued 267,992 $297,471
    Issue of securities. 14,71,097 Rights
    01 Sep 2023 Steven Sewell Buy 128,519 $151,009
    Conversion of securities.
    01 Sep 2023 Steven Sewell Exercise 128,519 $151,009
    Conversion of securities. 9,06,989 Rights
    22 Aug 2023 Steven Sewell Buy 51,598 $59,939
    On-market trade.
    25 Jul 2023 Steven Sewell Issued 130,636 $343,572
    Issued under employee share plan. 1,331,624 - Rights

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Steven Craig Sewell Managing Director Apr 2018
    Mr Sewell has over 20 years of experience in real estate funds management, asset management, equity and debt capital markets and M&A transactions. His prior career experience is in listed and unlisted real estate funds management businesses, across various real estate sectors, providing Commercial experience and insight in relation to institutional investors, the whole Abacus Property Group's business and sector specialized investment strategies, capital allocation and developing third party capital relationships. He was appointed Abacus Property Group's Managing Director in April 2018, and is a member of Property Champions of Change and a member and past Chairman of the Shopping Centre Council of Australia.
    Ms Sally Herman Non-Executive Director Dec 2022
    Ms Herman brings expertise across property, financial services, retail and manufacturing sectors as a Non-Executive Director. Prior to that she had an executive career over 25 years, including 16 years with the Westpac Group in both Australia and the United States of America, running various operating divisions. She sits on both listed and not-for-profit boards, including Suncorp Group Limited, Premier Investments Limited, Breville Group Limited, Art Gallery of NSW Trust and Sydney Film Festival. She is also a member of Chief Executive Women. She is a member of the Abacus Property Group People and Performance Committee, Sustainability and WHS Committee.
    Mrs Myra Salkinder Non-Executive DirectorNon-Executive Chairman Apr 2011
    Mrs Salkinder is a Non-Independent, Non-Executive Director and is a senior executive of the Kirsh Group. She has been integrally involved over many years with the continued expansion of Kirsh Group's property and other investments, both in South Africa, Australia and internationally. She is a director of various companies associated with Kirsh Group worldwide. She is a member of the Abacus Property Group Sustainability and WHS Committee.
    Ms Jingmin Qian Non-Executive Director Sep 2017
    Ms Qian a Non-Executive Director and has expertise in the property, infrastructure, and investment sectors as well as experience in Asia, a director of Jing Meridian and specializes in advising boards and senior management on investment, cross-cultural management, and governance. She has served as a member of the business liaison program of the Reserve Bank of Australia. She is a Non-Executive Director of IPH Limited, a trustee of HMC Capital Partner Fund, a member of Macquarie University Council, and Vice President of the Australia China Business Council. She is a member of Chief Executive Women. She is Chair of the Abacus Property Group Sustainability and WHS Committee and a member of the Abacus Property Group Risk Committee.
    Mr Mark Haberlin Non-Executive Director Nov 2018
    Mr Haberlin is a Non-Executive Director and is the Lead Independent Director. He has expertise in fields that cover accounting and audit, capital transactions, mergers and acquisitions and risk management in the real estate and financial services sectors. He was a partner at PwC for 24 years where he developed accounting and audit experience. He was a member of the PwC Governance Board and completed his last two years as Chair. He is also a Non-Executive Director of Australian Clinical Labs. He is Chair of the Abacus Property Group Audit Risk Committee and a member of the Abacus Property Group People and Performance Committee.
    Mr Trent Alston Non-Executive Director Sep 2019
    Mr Alston is a Non-Executive Director and has over 30 years of experience in the real estate and funds management industry, with the last 13 years as Head of Real Estate for Challenger Limited. His experience includes direct and wholesale property roles at Colonial First State Property and Lendlease. He is also a Non-Executive Director of Landcom. He is Chair of the Abacus Property Group People and Performance Committee and a member of the Abacus Property Group Risk Committee and Nomination Committee.
    Ms Belinda Ann Cleminson Company Secretary Oct 2022
    -
    Evan Goodridge Chief Financial Officer
    -
    Gavin Lechem Chief Investment Officer and General Counsel (CIO)
    -
    Belinda Ann Cleminson Company Secretary
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    Calculator Australia Pty Limited 411,705,733 46.07%
    HSBC Custody Nominees (Australia) Limited 121,040,594 13.54%
    J P Morgan Nominees Australia Pty Limited 88,352,171 9.89%
    Citicorp Nominees Pty Limited 54,865,570 6.14%
    Calculator Australia Pty Limited i 51,192,965 5.73%
    National Nominees Limited 24,694,507 2.76%
    Arym Investment Holdings Pty Ltd 14,600,000 1.63%
    Bnp Paribas Noms Pty Ltd 11,554,146 1.29%
    Citicorp Nominees Pty Limited i 5,213,956 0.58%
    BNP Paribas Nominees Pty Ltd 3,788,323 0.42%
    BNP Paribas Nominees Pty Ltd i 2,448,761 0.27%
    Ubs Nominees Pty Ltd 2,422,512 0.27%
    Merrill Lynch (Australia) Nominees Pty Limited 2,229,790 0.25%
    Charter Hall Wholesale Management Limited 1,657,026 0.19%
    Charter Hall Wholesale Management Ltd 1,650,000 0.18%
    HSBC Custody Nominees (Australia) Limited i 1,564,869 0.18%
    Warbont Nominees Pty Ltd 1,434,039 0.16%
    Nulis Nominees (Australia) Limited 1,280,244 0.14%
    BNP Paribas Noms (Nz) Ltd 1,156,402 0.13%
    HSBC Custody Nominees (Australia) Limited ii 1,028,531 0.12%

    Profile

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