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ABACUS STORAGE KING
(Sydney:ASK)
ABACUS STORAGE KING (ASK) vs. iShares MSCI Australia ETF (EWA)
ABACUS STORAGE KING Business Overview & Revenue Model
ABACUS STORAGE KING Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 246.46M | 220.47M | 201.72M | 167.80M | 113.92M |
| Gross Profit | 182.47M | 167.18M | 124.72M | 167.79M | 109.40M |
| EBITDA | 335.16M | 165.45M | 43.01M | 69.83M | 47.03M |
| Net Income | 289.05M | 138.18M | 20.68M | 42.07M | 28.90M |
Balance Sheet | |||||
| Total Assets | 3.61B | 3.23B | 512.72M | 558.76M | 410.23M |
| Cash, Cash Equivalents and Short-Term Investments | 119.50M | 181.83M | 21.73M | 38.03M | 16.02M |
| Total Debt | 1.15B | 995.32M | 172.65M | 240.34M | 181.65M |
| Total Liabilities | 1.28B | 1.11B | 250.93M | 318.25M | 234.24M |
| Stockholders Equity | 2.33B | 2.12B | 261.79M | 240.51M | 175.99M |
Cash Flow | |||||
| Free Cash Flow | 83.83M | 73.84M | 91.58M | 83.17M | 53.14M |
| Operating Cash Flow | 88.73M | 73.84M | 99.36M | 86.47M | 59.74M |
| Investing Cash Flow | -121.17M | -7.98M | -23.03M | -66.33M | -54.69M |
| Financing Cash Flow | 62.82M | -12.57M | -94.19M | 2.02M | -17.03M |
ABACUS STORAGE KING Technical Analysis
ABACUS STORAGE KING Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$891.53M | 10.63 | 7.99% | 5.84% | -8.67% | ― | |
71 Outperform | AU$2.57B | 9.56 | 9.58% | 5.25% | 16.53% | 36.39% | |
71 Outperform | AU$3.35B | 14.24 | 6.61% | 4.61% | 10.59% | 0.77% | |
70 Outperform | AU$2.13B | 16.03 | 5.38% | 4.85% | 4.39% | 176.52% | |
64 Neutral | AU$1.87B | 6.50 | 13.00% | 4.35% | 11.51% | 109.13% | |
63 Neutral | $7.06B | 13.54 | -0.50% | 6.96% | 4.08% | -25.24% | |
54 Neutral | AU$1.09B | 40.53 | 1.70% | 6.94% | 4.69% | ― |
ABACUS STORAGE KING Corporate Events
Abacus Storage King has received a revised non-binding indicative proposal from Ki Corporation Limited and Public Storage to acquire all outstanding securities not already held by Ki. The independent board committee has granted the consortium access to due diligence for six weeks to explore the possibility of a binding proposal. However, there is no certainty that an agreement will be reached, and securityholders are advised to take no action at this time.
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.
Abacus Storage King has received a revised non-binding indicative proposal from a consortium led by Ki Corporation Limited and Public Storage to acquire all outstanding stapled securities not already held by Ki. The proposal offers A$1.65 per stapled security, marking a 15% increase from the initial offer. The proposal is subject to regulatory approvals and tax rulings, and the company’s independent board committee is allowing a six-week due diligence period to potentially develop a binding proposal. However, there is no certainty that the terms will be agreed upon or that conditions will be met, so securityholders are advised to take no action at this time.
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.
Runway Technologies Pty Ltd has increased its voting power in Abacus Storage King from 8.30% to 9.51%, reflecting a significant change in its interest in the company. This increase in voting power may impact Abacus Storage King’s strategic decisions and influence its market positioning, potentially affecting stakeholders and future operations.
The most recent analyst rating on (AU:ASK) stock is a Hold with a A$1.59 price target. To see the full list of analyst forecasts on ABACUS STORAGE KING stock, see the AU:ASK Stock Forecast page.
Runway Technologies Pty Ltd has increased its voting power in Abacus Storage King from 7.17% to 8.30%, indicating a significant change in its substantial holding. This increase in stake could impact the company’s operations and influence its strategic decisions, reflecting Runway Technologies’ growing interest and potential influence in the storage industry.
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.
Abacus Storage King has experienced a change in the interests of a substantial holder, Runway Technologies Pty Ltd, which now holds a 7.17% voting power in the company, up from 6.16%. This increase in voting power may impact the company’s operations and influence its strategic decisions, potentially affecting stakeholders and the company’s market positioning.
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.
Runway Technologies Pty Ltd has increased its voting power in Abacus Storage King from 5.11% to 6.16%, reflecting a significant change in its substantial holding. This change in voting power could impact the company’s strategic decisions and influence its market positioning, with potential implications for stakeholders and future operations.
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.
Abacus Storage King has rejected a non-binding indicative proposal from Ki Corporation Limited and Public Storage to acquire all outstanding stapled securities not held by Ki or its subsidiaries. The independent board committee determined that the proposal undervalues the company’s securities and introduces additional risks due to tax conditions. The board remains committed to maximizing shareholder value and will consider future proposals that align with this objective.
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.
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.
Abacus Storage King announced that the Abacus Storage Property Trust is expected to qualify as a withholding managed investment trust starting from July 2025. This change will require the trust to withhold tax from distributions to non-residents under the MIT withholding tax regime, impacting distributions paid after June 2025. The change will not affect Australian securityholders and will not materially alter the withholding tax rate for most non-residents, which remains at 30% for non-concessional MIT income. Non-residents are advised to consult their tax advisors regarding the implications of this change, which is independent of any proposals from Ki Corporation Limited and Public Storage.