The Abacus Storage King (ASX: ASK) share price is in focus after the company posted a statutory profit of $71.1 million, up 4.8% on the prior half, and maintained its distribution at 3.10 cents per security.
What did Abacus Storage King report?
- Statutory profit of $71.1 million, up 4.8% on HY25
- Funds from Operations (FFO) of $41.0 million, down 5.3% on HY25
- Net Tangible Assets (NTA) of $1.76 per security, up 1.1% on FY25
- Distribution per security unchanged at 3.10 cents
- Occupancy stable at 90.5%, down 0.2 percentage points on HY25
- Gearing at 31.9%, within target range; over $500 million in funding capacity
What else do investors need to know?
Abacus Storage King continued to expand in HY26, investing $58.1 million into acquisitions and developments and adding more than 15,000 square metres of new net lettable area to its portfolio. Notably, the company has rolled out its proprietary revenue management system across its entire established portfolio, driving dynamic pricing and helping maintain sector-leading operating metrics.
The board is currently exploring the internalisation of Abacus Storage King’s management structure, which it believes could support greater efficiency and growth. These discussions are still at an early stage, and no outcome is guaranteed.
What did Abacus Storage King management say?
Chief Financial Officer Evan Goodridge said:
We were pleased to report continued RevPAM and valuation growth across all Australian regions, driven by the Group’s leading locations and brand. ASK remains well placed to deliver sustainable long-term growth as we continue to deliver operating strength that has underpinned the business achieving sufficient scale to consider internalising the management structure.
What’s next for Abacus Storage King?
Looking ahead, management reaffirmed its full-year distribution guidance of 6.20 cents per security, with 25% to be paid as a fully franked dividend and targeting a payout ratio of 90% to 100% of FFO. The company is confident in its balance sheet strength and development pipeline, which includes plans for 18 new stores and further expansion across Australia.
Management says its focus remains on delivering operational excellence and strategic growth, while continuing to evaluate the potential management internalisation. The revenue management system is expected to drive margin expansion over the medium term.
Abacus Storage King share price snapshot
Over the past 12 months, Abacus Storage King shares have risen 22%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.
The post Abacus Storage King posts profit growth, reaffirms outlook for 2026 appeared first on The Motley Fool Australia.
Should you invest $1,000 in Abacus Storage King right now?
Before you buy Abacus Storage King shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Abacus Storage King wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 1 Jan 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- Aurizon Holdings hikes dividend after stronger FY2026 half-year profit
- Stockland posts strong 1H26 result on development surge
- JB Hi-Fi posts record first-half sales, profit and dividend lift
- Treasury Wine Estates posts $649.4m loss, suspends dividend as transformation accelerates
- Bendigo and Adelaide Bank earnings: Profit up, dividend holds steady
Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.