Abacus Property Group (ASX: ABP) Share Price and News

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Abacus Property Group Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $2.59 billion
P/E Ratio 13.81
Dividend Yield 5.50%
Shares Outstanding 818.59 million
Earnings per share 0.229
Dividend per share 0.17
Year To Date Return 13.41%
Earnings Yield 7.24%
Franking N/A
Share Price

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52 Week Range

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Volume

Avg. Volume (1 month)

Turnover

as at 24 Feb 3:44pm

Dividend Payment History Data provided by Morningstar.

Data provided by Morningstar.
Ex-Date Amount Franking Type Payable
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
06 Jul 2015 $0.0850 0.00% 14 Aug 2015
15 Jan 2015 $0.0850 0.00% 27 Feb 2015
04 Jul 2014 $0.0850 0.00% 15 Aug 2014
17 Jan 2014 $0.0825 0.00% Interim 27 Feb 2014

ABP 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 Property Group

Abacus Property Group (ABP) is an Australian real estate investment trust (REIT) that focuses on the office and self-storage property sectors.

Abacus’ office portfolio is primarily concentrated on the central business districts of Sydney, Melbourne and Brisbane, with some assets located in Adelaide and Canberra. In terms of self-storage, Abacus has been active in the sector since 2005. Through its operating relationship with Storage King, the largest self-storage brand and manager in the Australasian region, Abacus has become one of the largest owners of self-storage facilities in Australia.

Additionally, Abacus has a smaller retail portfolio comprising super convenience retail centres (i.e., neighbourhood shopping centres). As a REIT, Abacus shares provide ASX investors with the opportunity for both income and capital growth through exposure to Australian property.

ABP Share Price History Data provided by Morningstar.

Data provided by Morningstar.
Date Close Change % Change Volume Open High Low
11 Jun 2021 $3.17 $-0.03 -0.94% 531,225 $3.20 $3.21 $3.16
10 Jun 2021 $3.20 $0.08 2.56% 1,278,761 $3.12 $3.22 $3.09
09 Jun 2021 $3.12 $0.00 0.00% 1,053,625 $3.13 $3.17 $3.10
08 Jun 2021 $3.12 $0.03 0.97% 953,842 $3.10 $3.13 $3.09
07 Jun 2021 $3.09 $0.04 1.31% 489,565 $3.06 $3.10 $3.06
04 Jun 2021 $3.05 $-0.01 -0.33% 602,355 $3.08 $3.08 $3.04
03 Jun 2021 $3.06 $0.02 0.66% 793,067 $3.05 $3.08 $3.04
02 Jun 2021 $3.04 $0.03 1.00% 1,293,234 $3.00 $3.04 $2.97
01 Jun 2021 $3.01 $0.00 0.00% 608,812 $2.98 $3.02 $2.98
31 May 2021 $3.01 $0.00 0.00% 538,092 $3.02 $3.03 $2.98
28 May 2021 $3.01 $0.06 2.03% 644,853 $3.00 $3.01 $2.94
27 May 2021 $2.95 $-0.03 -1.01% 1,537,977 $3.02 $3.02 $2.95
26 May 2021 $2.98 $-0.02 -0.67% 408,931 $3.00 $3.01 $2.97
25 May 2021 $3.00 $0.03 1.01% 868,234 $2.98 $3.00 $2.94
24 May 2021 $2.97 $0.02 0.68% 745,285 $2.99 $2.99 $2.92
21 May 2021 $2.95 $-0.01 -0.34% 733,508 $2.99 $2.99 $2.92
20 May 2021 $2.96 $0.06 2.07% 709,491 $2.89 $2.96 $2.89
19 May 2021 $2.90 $-0.03 -1.02% 559,609 $2.93 $2.95 $2.90
18 May 2021 $2.93 $-0.01 -0.34% 576,431 $2.95 $2.96 $2.90
17 May 2021 $2.94 $-0.02 -0.68% 478,515 $2.95 $2.97 $2.92
14 May 2021 $2.96 $0.04 1.37% 1,124,601 $2.99 $2.99 $2.92

Director Transactions Data provided by Morningstar.

Data provided by Morningstar.
Date Director Type Amount Value Notes
26 Feb 2021 Holly Kramer Buy 780 $2,132
Dividend Reinvestment Plan (DRP).
31 Dec 2020 Mark Haberlin Issued 7 $21,146
Rights issue.
31 Dec 2020 Trent Alston Issued 6 $18,125
Rights issue.
31 Dec 2020 Steven Sewell Issued 17 $49,996
Rights issue.
31 Dec 2020 Myra Salkinder Issued 34 $98,962
Rights issue.
31 Dec 2020 Jingmin Qian Issued 4 $12,084
Rights issue.
31 Dec 2020 Holly Kramer Issued 5 $14,362
Rights issue.
14 Sep 2020 Steven Sewell Issued 46 $129,426
Issue of securities. Allocation of securities under the
Abacus Acquisition Rights Plan. The
rights vested on 13 September 2020
and securities in satisfaction of the
rights were purchased on market.
26 Aug 2020 Steven Sewell Buy 27 $73,987
On-market trade.
20 Aug 2020 Steven Sewell Buy 22 $58,639
On-market trade.

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 17 years' experience in real estate funds management, asset management, equity and debt capital markets and M&A transactions. Steven's prior career experience is across real estate sectors, and provides insight and connection to institutional investors, the whole Group's business and investment strategies, capital allocation and developing third party capital relationships.
Mrs Myra Salkinder Non-Executive DirectorNon-Executive Chairman Apr 2011
Mrs Salkinder is a Non-Executive Director and is a senior executive of the Kirsh Group. She has been involved over many years with the Kirsh Group's property and other investments, both in South Africa, Australia and internationally. Myra is a director of various companies associated with the Kirsh Group worldwide. Myra is a member of the People Performance, Risk and Compliance & Sustainability Committees.
Ms Jingmin Qian Non-Executive Director Sep 2017
Ms Qian has experience in the property, infrastructure and investment sectors as well as experience in Asia. Ms Qian is a director of Jing Meridian and experience in advising boards and senior management on investment, strategic management and cross-cultural management. Ms Qian has served as a member of the business liaison program of the Reserve Bank of Australia. Ms Qian is a non-executive director of IPH Limited, a trustee of Club Plus Super, a member of Macquarie University Council, a director of the Australia China Business Council and Foundation for Australian Studies in China. Ms Qian is Chair of the Compliance & Sustainability Committee and a member of the Risk Committee.
Ms Holly Kramer Non-Executive Director Dec 2018
Ms Kramer has experience in executive leadership, business strategy/operations/technology management and customer centric marketing and sales. She was CEO of apparel retailer Best & Less and held executive roles at Pacific Brands, Telstra and Ford Motor Company. Holly also has governance experience: Holly is currently Deputy Chair of Australia Post (term ends 26 June 2020), a non-executive director of Woolworths Group Ltd, Western Sydney University, Fonterra Co-operative Group Limited and the GO Foundation. She is also Chair of Lendi. Previously a director of AMP (October 2015 to May 2018), Nine Entertainment Corporation (May 2015 to February 2017) and 2XU. Holly is a member of the People Performance and Compliance & Sustainability Committees.
Mr Mark Haberlin Non-Executive Director Nov 2018
Mr Haberlin has experience in fields that cover accounting and audit, capital transactions, mergers and acquisitions and risk management in the real estate and financial services sectors. Mark was a partner at PwC for 24 years where he got accounting and audit experience. Mark was a member of the PwC Governance Board and completed his last two years as Chairman. Mark is Chair of the Risk Committee and a member of the People Performance Committee.
Mr Trent Alston Non-Executive Director Sep 2019
Mr Alston 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. With past experience in direct and wholesale property roles at Colonial First State Property and LendLease. Trent is Chair of the People Performance Committee and a member of the Risk Committee.
Mr Robert Baulderstone Chief Financial OfficerCompany Secretary Feb 2017
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Robert Baulderstone Chief Financial OfficerCompany Secretary
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Top Shareholders Data provided by Morningstar.

Data provided by Morningstar.
Name Shares Capital
Calculator Australia Pty 270,217,755 41.35%
HSBC Custody Nominees 106,593,092 16.31%
J P Morgan Nominees Australia 58,970,650 9.02%
Calculator Australia Pty i 46,711,423 7.14%
Citicorp Nominees Pty Limited 40,009,089 6.12%
National Nominees Limited 18,493,010 2.83%
Calculator Australia Pty ii 14,200,000 2.17%
BNP Paribas Nominees Pty Ltd 11,135,822 1.70%
BNP Paribas Noms Pty Ltd 8,114,856 1.22%
Citicorp Nominees Pty Limited i 6,588,123 1.00%
Invia Custodian Pty Limited 3,465,000 0.53%
Brispot Nominees Pty Ltd 1,905,680 0.29%
Charter Hall Wsale Mngt Ltd 1,640,007 0.25%
One Managed Investment Funds 1,600,000 0.24%
BNP Paribas Noms (Nz) Ltd 1,382,085 0.21%
Invia Custodian Pty Limited i 1,319,000 0.20%
Nulis Nominees (Australia) 941,563 0.14%
HSBC Custody Nominees i 713,926 0.11%
HSBC Custody Nominees ii 688,970 0.11%
AMP Life Limited 617,166 0.09%

Frequently Asked Questions

Yes, Abacus Property Group has confirmed it will deliver a dividend payment of 9.05 cents for HY20. This brings its total FY20 distribution to 18.50 cents.

The ex-dividend date is 29 June 2020, with a dividend payment date of 31 August 2020.

 

Yes, Abacus Property Group offers a full dividend reinvestment plan (DRP) for this dividend payment. The last date to register for the DRP is 1 July 2020.

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