Abacus Storage King Reports Strong FY24 Results

ABACUS STORAGE KING (AU:ASK) has released an update.

Abacus Storage King reported a robust financial performance for FY24 with a statutory net profit of $138.2 million and funds from operations totaling $81.1 million, translating to 6.36 cents per security and a 6.0 cent distribution per security. The company’s strategic acquisitions and developments expanded its portfolio by 8% and maintained its status as Australia’s most searched Self Storage brand. With a strong balance sheet, ASK is well-positioned to fund future growth and has made significant strides in its journey towards sustainability, targeting net zero emissions by 2030.

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