Abacus Property Group (AU:ABG) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Abacus Property Group has announced a 36.5% increase in total revenues to $194.1m despite a significant downturn in net profit, which plummeted over tenfold to a loss of $241.0m for the year ended June 30, 2024. The company has also undergone a structural change, separating its Self Storage business from its Commercial business, resulting in two independently listed entities and a change of its ASX code from ABP to ABG. Notably, funds from continuing operations saw a modest rise of 3.2%, and the distribution per stapled security is proposed at 8.50 cents.
For further insights into AU:ABG stock, check out TipRanks’ Stock Analysis page.
