Report
Tony Sherlock
EUR 101.80 For Business Accounts Only

Abacus Repositions to Generate More Income From Recurring Rents. FVE Unchanged at AUD 3.75

Abacus reported first-half fiscal 2018 underlying earnings of AUD 13.4 cents per security, or cps, and operating cash flows of AUD 12.4 cps, both amply covering the distribution of AUD 9 cps.
In recent years, Abacus earnings have been boosted by capital gains from asset sales and it was no different in the half, with gains on commercial property sales representing AUD 14 million or 13% of the "underlying" EBITDA of AUD 105.1 million. Future divestment gains are forecast to trend lower going forw...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Tony Sherlock

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