Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
ABACUS STORAGE KING ( (AU:ASK) ) has issued an announcement.
Abacus Storage King has announced a preliminary valuation update for its property portfolio, revealing a value increase of A$165.7 million, or 5.5%, as of March 31, 2025. This uplift is attributed to enhanced operating performance and recent developments, with the weighted average cap rate improving by 7 basis points to 5.49%. The unaudited valuations are expected to boost the company’s pro forma NTA by approximately $0.13 per security, with final valuations to be confirmed in the FY25 results due on August 14, 2025.
The most recent analyst rating on (AU:ASK) stock is a Hold with a A$1.28 price target. To see the full list of analyst forecasts on ABACUS STORAGE KING stock, see the AU:ASK Stock Forecast page.
More about ABACUS STORAGE KING
Abacus Storage King operates in the storage industry, focusing on property management and development. The company is involved in managing a portfolio of storage properties, emphasizing income growth through improved operations, occupancy, and expansion projects.
Average Trading Volume: 2,427,829
Technical Sentiment Signal: Buy
Current Market Cap: A$1.98B
See more insights into ASK stock on TipRanks’ Stock Analysis page.