Key points
- Total revenues down 13.1% to $207.1m
- Net profit after tax down 380.5% to ($75.5m)
- Funds from operations (FFO) down 1.9% to $81.2m
- Distribution per security remains at 8.50 cents
- FY27 outlook focuses on disciplined capital allocation
Full summary
Abacus Group's FY26 Annual Report and Appendix 4E revealed a 13.1% decrease in total revenues to $207.1 million and a substantial 380.5% drop in net profit to ($75.5 million). Despite challenging economic conditions, the group's commercial portfolio maintained a strong occupancy rate of 91.2%. Funds from operations (FFO) declined by 1.9% to $81.2 million. The group's distribution per security remained consistent at 8.50 cents, with a proposed distribution of 4.25 cents for June 2026. The company's gearing increased slightly to 36.2%, within the target range of up to 40%. The outlook for FY27 emphasizes disciplined capital allocation and strategic asset management to drive value creation.
Guidance
FY27 FFO expected to remain stable with disciplined capital allocation
Outlook
Abacus Group aims to leverage its strategic priorities to drive value creation, focusing on disciplined capital allocation and asset management to enhance income growth and total returns.