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Abacus Storage King Grows Profit and Expands Pipeline in HY25
9:07am on Friday 14th of February, 2025 AEDT
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Real Estate
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Abacus Storage King Grows Profit and Expands Pipeline in HY25
9:07am on Friday 14th of February, 2025 AEDT
Key Points
Statutory profit rose 1.1% to $67.8 million in HY25
Established portfolio occupancy improved to 91.0%, with 5.4% RevPAM growth
Development pipeline expanded to 19 assets, adding 17% net lettable area
Acquisitions added $60 million in assets, including four operating stores
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Abacus Storage King (ASX:ASK)
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