ABACUS STORAGE KING (ASK)
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ASK - ABACUS STORAGE KING

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 8.96
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.53

09 Feb
2026

0.020

OPEN

$1.51

1.32%

HIGH

$1.54

1,194,103

LOW

$1.51

TARGET
$1.575 2.9% upside
Franking for last dividend paid out: 25%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . SCG . TGP . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
ASK: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 22.0 6.4 xxx
DPS (cps) xxx 6.2 6.2 xxx
EPS Growth xxx 100.0% - 71.1% xxx
DPS Growth xxx 3.3% 0.0% xxx
PE Ratio xxx N/A 24.1 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx 28.2% 97.6% xxx

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

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.05

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
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: 30/12 - ex-div 3.1c (franking 25%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202320242025
EPS Basic xxxxxx22.0
DPS All xxxxxx6.2
Sales/Revenue xxxxxx247.3 M
Book Value Per Share xxxxxx177.3
Net Operating Cash Flow xxxxxx88.7 M
Net Profit Margin xxxxxx116.90 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202320242025
Return on Capital Employed xxxxxx13.00 %
Return on Invested Capital xxxxxx8.78 %
Return on Assets xxxxxx8.44 %
Return on Equity xxxxxx13.00 %
Return on Total Capital xxxxxx3.72 %
Free Cash Flow ex dividends xxxxxx0.1 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 202320242025
Short-Term Debt xxxxxx1 M
Long Term Debt xxxxxx1,146 M
Total Debt xxxxxx1,147 M
Goodwill - Gross xxxxxx-
Cash & Equivalents - Generic xxxxxx121 M
Price To Book Value xxxxxx0.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202320242025
Capex xxxxxx4.9 M
Capex % of Sales xxxxxx1.98 %
Cost of Goods Sold xxxxxx102 M
Selling, General & Admin. Exp & Other xxxxxx23 M
Research & Development xxxxxx-
Investments - Total xxxxxx3,338 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

22/12/2025

3

Neutral

$1.50

-1.96%

Citi updated forecasts for REITs to reflect house view of 50bps RBA rate hikes in 2026, modestly lifting expected financing costs across the sector.

The broker remains constructive on the sector’s underlying fundamentals, supported by resilient consumer demand, constrained new supply, and solid capital inflows.

GPT Group, Charter Hall Retail REIT, and Scentre Group remain the broker's preferred names among retail-exposed Australian REITs heading into the new year.

EPS forecasts for Abacus Storage King trimmed by -2.4% for FY26 and -0.2% for FY27. No change to Neutral rating and $1.50 target price.

FORECAST
Citi forecasts a full year FY26 EPS of 6.80 cents.
Citi forecasts a full year FY27 EPS of 7.10 cents.

Shaw and Partners

xx/xx/xxxx

3

xxxx, xxxxxx xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Moelis

14/01/2026

3

Hold

$1.62

5.88%

Moelis highlights Abacus Storage King’s high-quality, metro-focused storage portfolio, with 91% occupancy across its established assets.

The REIT is seen as well positioned to lift rates as occupancy rebounds and development supports longer-term net operating income (NOI) growth.

The broker notes sector occupancy has recovered above 84%, supporting revenue per available square metre (RevPAM) growth amid urbanisation, housing turnover and population expansion.

Valuation, however, reflects an -11% NTA discount, considered appropriate given a modest earnings yield and cost structure.

The analyst expects earnings growth to moderate, with higher hedge costs offsetting development benefits despite balance sheet capacity.

Moelis retains a Hold rating and increases its target to $1.62 from $1.59.

FORECAST
Moelis forecasts a full year FY26 dividend of 6.20 cents and EPS of 6.60 cents.
Moelis forecasts a full year FY27 dividend of 6.40 cents and EPS of 6.90 cents.
Access Extra Coverage Research History >

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FNArena News on ASK

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Jan 29 2026 - Rudi's View
2
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