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Abacus Property Group ( (AU:ABG) ) has shared an announcement.
Abacus Property Group has restructured its operations by separating its Self Storage business from its Commercial business, resulting in the creation of two distinct entities: Abacus Storage King and Abacus Group. This strategic move, along with a change in ASX code from ABP to ABG, is part of the company’s efforts to streamline operations and enhance market positioning. The company’s financial performance for the year ending June 2025 showed a significant increase in total revenues by 35.6% to $252.1 million and a net profit rise of 111.2% to $26.9 million, indicating strong operational growth and improved profitability.
The most recent analyst rating on (AU:ABG) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Abacus Property Group stock, see the AU:ABG Stock Forecast page.
More about Abacus Property Group
Abacus Property Group operates in the real estate investment sector, focusing on property management and investment services. The company is involved in commercial and self-storage properties, with a market focus on generating stable income and capital growth for its stakeholders.
Average Trading Volume: 821,905
Technical Sentiment Signal: Buy
Current Market Cap: A$1.12B
See more data about ABG stock on TipRanks’ Stock Analysis page.