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Last A$2.87 AUD
Change Today -0.07 / -2.38%
Volume 789.5K
As of 2:10 AM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

abacus property group (ABP) Snapshot

Open
A$2.93
Previous Close
A$2.94
Day High
A$2.96
Day Low
A$2.87
52 Week High
02/13/15 - A$3.34
52 Week Low
04/22/14 - A$2.37
Market Cap
1.6B
Average Volume 10 Days
769.4K
EPS TTM
A$0.25
Shares Outstanding
553.2M
EX-Date
01/15/15
P/E TM
11.6x
Dividend
A$0.17
Dividend Yield
5.90%
Current Stock Chart for ABACUS PROPERTY GROUP (ABP)

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abacus property group (ABP) Details

Abacus Property Group engages in the management and investment of property based assets in Australia. It involves in property investment, funds management, property finance, and projects and investments activities. The company holds a diversified investment portfolio of retail, commercial, industrial properties. In addition, Abacus Property Group develops, originates, and manages off balance sheet funds; engages in mortgage lending and related property financing solutions; and invests in joint venture activities and in securities of other listed and unlisted property trusts. The company is based in Sydney, Australia.

abacus property group (ABP) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: A$2.0M
Chief Financial Officer
Total Annual Compensation: A$600.0K
Chief Operating Officer and Company Secretary
Total Annual Compensation: A$665.0K
Head of Strategy
Total Annual Compensation: A$475.0K
Managing Director of Abacus Property Services
Total Annual Compensation: A$388.6K
Compensation as of Fiscal Year 2014.

abacus property group (ABP) Key Developments

Abacus Property Group, H1 2015 Earnings Call, Feb 18, 2015

Abacus Property Group, H1 2015 Earnings Call, Feb 18, 2015

Abacus Property Group Announces Consolidated Financial Results for the Six Months Ended December 31, 2014; Provides Earnings Guidance for the Year of 2015

Abacus Property Group announced consolidated financial results for the six months ended December 31, 2014. For the six months, the company reported revenue of AUD 132.363 million against AUD 193.675 million a year ago. Profit before tax was AUD 63.652 million against AUD 58.842 million a year ago. Loss attributable to the equity holders of the parent entity was AUD 1.991 million or 12.10 cents per diluted share against profit attributable to the equity holders of the parent entity of AUD 8.070 million or 10.13 cents per diluted share a year ago. Net cash flows from operating activities were AUD 35.217 million against AUD 31.016 million a year ago. Purchase of investment properties and capital improvements was AUD 176.647 million against AUD 85.730 million a year ago. Purchase of property, plant and equipment was AUD 1.707 million against AUD 3.191 million a year ago. Underlying profit was AUD 69.1 million, up 50%. Underlying earnings per security was 13.4 cents, up 37%. Cash flow from operations per security was 12.4 cents against 10.0 cents a year ago. Underlying EBITDA was AUD 87.1 million against AUD 75.2 million a year ago. The company announced that the good start to the financial year and indicators point to a positive 2015. The company continues to deliver growth to earnings per security and NTA to security holders. Strong transactional results have contributed to positive outperformance.

Abacus Property Seeks Acquisitions

Abacus Property Group (ASX:ABP) is looking for acquisition opportunities. Frank Wolf, Managing Director of Abacus Property said, "So, you've got to be very mindful we're continually trading off these metrics. Now, what's more important, I think, to focus on is that when we look at acquisitions, we are focused on circa 15% on IRR on equity for self-storage and we've rejected a number of acquisitions, because it doesn't meet that hurdle and we don't mind."

 

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ABP:AU A$2.87 AUD -0.07

ABP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Aveo Group A$2.74 AUD -0.09
Charter Hall Group A$5.16 AUD -0.06
Charter Hall Retail REIT A$4.33 AUD -0.07
Cromwell Property Group A$1.11 AUD -0.02
Shopping Centres Australasia Property Group A$2.07 AUD -0.05
View Industry Companies
 

Industry Analysis

ABP

Industry Average

Valuation ABP Industry Range
Price/Earnings 11.3x
Price/Sales 4.1x
Price/Book 1.1x
Price/Cash Flow 12.0x
TEV/Sales 2.1x
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