ABACUS STORAGE KING (ASK)
Share Price Analysis and Chart

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ASK - ABACUS STORAGE KING

FNArena Sector : REITs

Year End: June

GICS Industry Group : Real Estate

Debt/EBITDA: 8.39

Index: ASX300 | ALL-ORDS

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$1.22 20 Feb 2025	-0.005 OPEN $1.20	-0.41% HIGH $1.24	639,362 LOW $1.20

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$1.22

20 Feb
2025

-0.005

OPEN

$1.20

-0.41%

HIGH

$1.24

639,362

LOW

$1.20

TARGET

$1.367

12.0% upside

Franking for last dividend paid out: 0%

OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	10.5	6.2	xxx
DPS (cps)	xxx	6.0	6.3	xxx
EPS Growth	xxx	100.0%	- 41.1%	xxx
DPS Growth	xxx	N/A	4.2%	xxx
PE Ratio	xxx	N/A	19.9	xxx
Dividend Yield	xxx	N/A	5.1%	xxx
Div Pay Ratio(%)	xxx	57.0%	100.8%	xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 28/12 - ex-div 3c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2025 FactSet UK Limited. All rights reserved

Title	2023	2024
EPS Basic	xxx	10.5
DPS All	xxx	6.0
Sales/Revenue	xxx	221.7 M
Book Value Per Share	xxx	161.1
Net Operating Cash Flow	xxx	73.8 M
Net Profit Margin	xxx	62.32 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2023	2024
Return on Capital Employed	xxx	11.62 %
Return on Invested Capital	xxx	7.99 %
Return on Assets	xxx	7.38 %
Return on Equity	xxx	11.62 %
Return on Total Capital	xxx	6.42 %
Free Cash Flow ex dividends	xxx	-27.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title	2023	2024
Short-Term Debt	xxx	1 M
Long Term Debt	xxx	994 M
Total Debt	xxx	995 M
Goodwill - Gross	xxx	33 M
Cash & Equivalents - Generic	xxx	192 M
Price To Book Value	xxx	0.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2023	2024
Capex	xxx	7.5 M
Capex % of Sales	xxx	3.40 %
Cost of Goods Sold	xxx	88 M
Selling, General & Admin. Exp & Other	xxx	20 M
Research & Development	xxx	-
Investments - Total	xxx	2,906 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

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Sentiment Indicator

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Citi	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Shaw and Partners	17/02/2025	1	Buy	$1.35	10.66%	Abacus Storage King's first-half results highlight a strong pipeline of acquisitions and developments, with distribution guidance unchanged at 3.3c per unit, according to Shaw and Partners. Revenue per available metre (RevPAM) grew by 5.4%, driven by 4.5% rent growth and a slight occupancy increase to 91% from 90.4% in the prior corresponding period. The broker raises its revenue forecasts across FY25-27 but retains a Buy rating and a $1.35 target price. FORECAST Shaw and Partners forecasts a full year FY25 dividend of 6.30 cents and EPS of 5.90 cents. Shaw and Partners forecasts a full year FY26 dividend of 6.40 cents and EPS of 6.00 cents.
Ord Minnett	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Citi

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Shaw and Partners

17/02/2025

Buy

$1.35

10.66%

Abacus Storage King's first-half results highlight a strong pipeline of acquisitions and developments, with distribution guidance unchanged at 3.3c per unit, according to Shaw and Partners.

Revenue per available metre (RevPAM) grew by 5.4%, driven by 4.5% rent growth and a slight occupancy increase to 91% from 90.4% in the prior corresponding period.

The broker raises its revenue forecasts across FY25-27 but retains a Buy rating and a $1.35 target price.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 6.30 cents and EPS of 5.90 cents.
Shaw and Partners forecasts a full year FY26 dividend of 6.40 cents and EPS of 6.00 cents.

Ord Minnett

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

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EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Moelis	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Jarden	17/02/2025	3	Neutral	$1.28	4.92%	Abacus Storage King revealed a strong operating update with Jarden highlighting a growing development pipeline as well as the performance of the recent acquisition. Ongoing add-ons will further boost growth. Capital structure is also observed to be in "good shape". Target rises to $1.28 from $1.25. The stock is trading at a -24% discount to NTA and the broker suspects investors will want the distribution yield to grow more aggressively in order to narrow this discount. Neutral. FORECAST Jarden forecasts a full year FY25 EPS of 6.60 cents. Jarden forecasts a full year FY26 EPS of 6.50 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Moelis

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

17/02/2025

Neutral

$1.28

4.92%

Abacus Storage King revealed a strong operating update with Jarden highlighting a growing development pipeline as well as the performance of the recent acquisition.

Ongoing add-ons will further boost growth. Capital structure is also observed to be in "good shape". Target rises to $1.28 from $1.25.

The stock is trading at a -24% discount to NTA and the broker suspects investors will want the distribution yield to grow more aggressively in order to narrow this discount. Neutral.

FORECAST
Jarden forecasts a full year FY25 EPS of 6.60 cents.
Jarden forecasts a full year FY26 EPS of 6.50 cents.

Access Extra Coverage Research History >

ASK STOCK CHART

FNArena News on ASK

1	FNArena Corporate Results Monitor – 17-02-2025 Feb 17 2025 - Australia

2	Australian Broker Call Extra Edition – Feb 17, 2025 Feb 17 2025 - Daily Market Reports

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5	Rudi’s View: Feb Season’s Best Buys & Key Picks Jan 23 2025 - Rudi's View

Latest REITs News

1	Australian Listed Real Estate Tables – 17-02-2025 Feb 17 2025 - Weekly Reports

2	Australian Listed Real Estate Tables – 10-02-2025 Feb 10 2025 - Weekly Reports

3	Australian Listed Real Estate Tables – 03-02-2025 Feb 03 2025 - Weekly Reports

4	Ask FNArena: CSL, Charter Hall & Dexus Dec 16 2024 - Rudi's View

5	Australian Listed Real Estate Tables – 16-12-2024 Dec 16 2024 - Weekly Reports

6	Australian Listed Real Estate Tables – 09-12-2024 Dec 09 2024 - Weekly Reports

7	Australian Listed Real Estate Tables – 02-12-2024 Dec 02 2024 - Weekly Reports

8	Australian Listed Real Estate Tables – 25-11-2024 Nov 25 2024 - Weekly Reports

9	Australian Listed Real Estate Tables – 18-11-2024 Nov 18 2024 - Weekly Reports

10	Australian Listed Real Estate Tables – 11-11-2024 Nov 11 2024 - Weekly Reports

Dividend Yield Today On Last Actual Payout :	4.86
Estimated Dividend Growth (Average Of Past Three Years)
Amount Invested	$
Tell Me The Dividend After This Many Years

	Yield	Yield on investment
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ABACUS STORAGE KING (ASK)
Share Price Analysis and Chart