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 STORAGE KING ( (AU:ASK) ) has provided an announcement.
Abacus Storage King reported a significant increase in total revenue and net profit for the half-year ended 31 December 2024. Total revenue rose by 96.3% to $160.4 million, and net profit after income tax surged 171 times to $67.8 million. Despite a slight decline in underlying earnings, the company recorded a 15.1% rise in funds from operations, indicating strong operational performance. There were no changes in entity control during the period, and the company declared a distribution of 3.10 cents per security.
More about ABACUS STORAGE KING
Abacus Storage King operates in the real estate sector, focusing on storage solutions. The company comprises Abacus Storage Operations Limited and its controlled entities, as well as Abacus Storage Property Trust and its controlled entities.
YTD Price Performance: 3.57%
Average Trading Volume: 822,226
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.52B
Find detailed analytics on ASK stock on TipRanks’ Stock Analysis page.
