Companies we like
Spinning Off a King
23 June 2023 · Members
Abacus Property Group (ABP) is a real-estate investment trust (REIT), listed on the ASX. Held within ABP is a bunch of east-coast office buildings, retail centres and, most importantly, Storage King, Australia’s second largest owner-operator of self-storage centres. ABP intends to partially spin-off its Storage King assets in August, pending shareholder approval, into a separate listed entity, called Abacus Storage…
This article reflects our views at the date of publication and may no longer be current. It is general information only and is not a recommendation to buy or sell any security. Past performance is not indicative of future performance.