Abacus Property Group

Abacus Property Group is a specialist property investor, funds manager and financier listed on the Australian Stock Exchange (ASX code: ABP) and included in the S&P/ASX 200 Index.

Abacus has four integrated businesses, based on our core expertise in acquiring property and actively managing it to realise its full value.

Rental income and capital growth from the property portfolio is enhanced by fee income, interest income and profit participation from the other businesses to provde a blended return to securityholders.

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Abacus Property (ASX:ABP) announces new Chief Financial Officer

04 Apr 2022 - Abacus Property (ASX:ABP) has appointed Evan Goodridge as its new chief financial officer following the retirement of Rob Baulderstone.

Energy takes tech's crown, Star falls after casino licence inquiry begins: ASX up 0.3% at noon

18 Mar 2022 - The ASX has followed US stocks, leading to energy shares claiming the winner’s title joined by shares in miners and information tech. Investors felt relief after a do…

Abacus Property (ASX:ABP) competes $200m placement

18 Mar 2022 - Abacus Property (ASX:ABP) has raised $200 million via an institutional placement announced yesterday.

Abacus (ASX:ABP) grabs 1/3 of Myer Melbourne

01 Jul 2021 - Property manager Abacus (ASX:ABP) has exchanged contracts to acquire a one third interest in “Myer Melbourne” in Victoria for $135.2 million while Charter Hall and Vi…

APRA drops Westpac (ASX:WBC) money laundering investigation: Aus market gains 0.8% over week

12 Mar 2021 - It’s been a strong week for the Australian share market. While rising bond yields stunted growth stocks mid-week, the recovering domestic economy helped drive gains. …

S&P500 and the Dow reset record highs: Aus shares set to open higher

12 Mar 2021 - The SPI indicates that the Aussie market will rise at the open. This follows a broad rally on Wall Street, bolstered by tech stocks which boosted the S&P500 and the D…

Market staggers as COVID-19 restrictions reintroduced: Aus shares flat at noon

17 Jul 2020 - After some promising early trade, the ASX200 changed course and has lost 0.04 per cent over the morning. This redirection comes as new COVID-19 cases in Victoria are …

Retail turnover dropped 18% in April: ASX tracking 0.2% lower at noon

20 May 2020 - The ASX is now tracking almost 0.2% lower at noon. EML payments (ASX:EML) rose today after reporting that they remain on course to deliver a solid full year result de…

Westpac (ASX:WBC) drags on market following AUSTRAC claims: ASX closes 0.6% higher

22 Nov 2019 - It has been a positive day of trade for the ASX, closing 0.6% higher. Westpac (ASX:WBC) shares continue to fall after AUSTRAC reported claims against the bank earlier…

Mayne Pharma (ASX:MYX) shares drop on AGM update: ASX tracking 0.7% higher at noon

22 Nov 2019 - The ASX has risen at the open despite weak leads from Wall Street. It is now tracking 0.7% higher at noon. Mayne Pharma (ASX:MYX) shares took dip today after their AG…

Infotech falls as some tech companies release their fiscal year results: ASX closes 0.7% higher

19 Nov 2019 - It has been a mostly positive day of trade for the Australian share market. After a small dip after the first hour of trade, the local bourse managed to close 0.7 per…

Abacus Property Group (ASX:ABP) and Charter Hall’s takeover of Australian Unity Office fund abandoned

19 Nov 2019 - Abacus Property Group (ASX:ABP) and Charter Hall’s plans to purchase the Australian Unity Office Fund will not go ahead.

OFX Group to partner with Link Market Services: Aus shares close 0.2% lower

18 Sep 2019 - OFX Group to partner with Link Market Services. Aus shares close 0.2% lower. Abacus Property Group (ASX:ABP) has appointed Trent Alston to the Abacus Board effective …

Wall Street closed, European markets lift: Aus shares to drift lower at open

03 Sep 2019 - The Australian sharemarket looks set to open lower this morning ahead of the Reserve Bank's interest rate decision. US markets were closed on Monday for the Labor day…

Nickel miners surge on Indo export bank: Aus shares snap 4-day win streak, lose 0.4%

02 Sep 2019 - Aussie shares see first day of red in five sessions, falling 0.4%. Manufacturing rises more than expected. Incitec Pivot Limited’s (ASX:IPL) kicks off review of Asia …

Yo-yo markets continue on US China trade war: Aus shares 0.1% lower at noon

16 Aug 2019 - Watch/read everything you need to know about markets, plus latest on reporting season. Abacus Property Group (ASX:ABP) profit falls 17% in FY19 as business transition…

Rates could go to zero: Lowe: ASX 0.02% lower at noon

09 Aug 2019 - The ASX is on the rise and was tracking 0.02% lower at noon. James Hardie Industries (ASX:JHX) shares are up after they posted their adjusted NOPAT for FY20 would be …

Abacus Property Group announces security purchase plan

05 Aug 2019 - Abacus Property Group (ASX:ABP) has today announced it will be conducting a non-underwritten security purchase plan.

Abacus Property Group completes $250 institutional placement

25 Jul 2019 - Abacus Property Group (ASX:ABP) has successfully completed its first underwritten institutional placement raising $250 million.

Wall St 2nd best day of year on hints of interest rate easing: Aus shares to extend yesterday’s gains

05 Jun 2019 - The Australian share market is eyeing a gain of 0.8 per cent after US stocks had their 2nd-best day 2019. US made goods orders fall less than expected. Aus interest r…

RBA cuts cash rate by 25 basis points: Aus shares close 0.2% higher

4 June 2019 - The ASX200 managed to unwind some of the losses we have seen over the past week to close 0.2% higher. The Financial sector rallied following news that the RBA has sla…

Splitit set to raise $30 million: Aus shares up 1.1% over week

17 May 2019 - The Australian share market finished 0.6 per cent higher today after hitting a new 11 year high early in the session. Despite this, the Australian dollar continued to…

ASX reaches new 11 year high: Aus shares 0.9% higher at noon

17 May 2019 - The ASX200 opened higher following encouraging leads from the US and has seen a bullish rally during the first two hours of trade which has propelled the market to a …

Abacus plans to divest $31m in assets: ASX up 2% over week

26 Apr 2019 - The ASX200 has been clawing back ground this afternoon to close flat. Over the week the market gained 2% with all of the sectors except Materials and Communications c…

Abacus Property Group sells Liverpool Plaza for $46m

20 Mar 2019 - Abacus Property Group (ASX:ABP) has exchanged contracts for Liverpool Plaza and two small adjoining properties in Liverpool in NSW for $46 million.