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Company News Summary

Abacus Property Announces Acquisitions and Trading Update

20 Oct 2021  |  13:54:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Acquisitions and trading update

Abacus Property announced that for the quarter to 30 September 2021, the Company has seen activity levels and growth across its portfolio of Self Storage locations, and operating conditions in its Commercial portfolio, despite the testing Covid-19 related impacts across Australia and NZ. The Group continued to acquire new Self Storage locations and in the quarter to 30 September 2021, has transacted on 22 assets for $370m. Of these acquisitions $271m have settled with the remaining $99m due to settle by end FY2022. Breaking down these 22 acquisitions, 11 were Storage King managed stores, five were independently managed and the remaining six are development sites.

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