Abacus: Interim result 2014 and SPP

Abacus Property delivered a sound interim result, but the office market is starting to look shaky.

Abacus Property Group achieved steady growth in the six months to December, with earnings before interest, tax, depreciation and amortisation (EBITDA) increasing 10% over the previous corresponding period to $79m. Underlying net profit was 8% higher at $46m, while earnings per share of 9.83 cents was up only 3% due to a dilutive capital raising in November (more on that in a moment). The company will pay a distribution of 8.25 cents a share (unfranked, ex date already passed) for a current yield of 7.1%.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles