Abacus

Abacus Group reports FFO of 81.2 million AUD for fiscal 2026 (-1.9%), which management mainly attributes to the internalisation of Storage King’s management function and related accounting adjustments. The company has transformed into a focused commercial REIT, showing high occupancy rates (office 91.2%, retail 97.4%) and positive leasing spreads, and identifies annual cost savings of 8.4 million AUD. The distribution for 2027 has been cut to 0.067 AUD per share to allow a more sustainable payout ratio of 80–90% of FFO and to strengthen the balance sheet. The stock trades below book value; management plans to sell non-core assets to reduce debt and expects moderate improvements in the office market. » More on de.investing.com

Abacus filed a second amended complaint in the US District Court for the Middle District of Florida in its defamation suit against Coventry First and co‑founder Alan Buerger. The complaint includes four counts, including defamation and violation of Florida’s law against deceptive business practices, and cites nearly 20 allegedly false statements about Abacus. Abacus claims Coventry could face liability exceeding $100 million and accuses the defendant of using evidentiary documents and launching a letter campaign to regulators; discovery is already underway. » More on de.investing.com

Abacus reported a stable operating performance for HY26 with total assets of $2.6bn and an NTA of $1.73 per share. FFO remained largely unchanged at $40.1m and the distribution of 4.25 cents per share was maintained; management confirms the FY26 distribution guidance of 8.50 cents. To improve quality, Abacus sold non-core assets of around $75m and is refocusing the portfolio on A-grade office properties. The balance sheet remains conservative with gearing of 34.5% and acquisition capacity of over $200m. » More on de.investing.com