Abacus Group (ASX:ABG)
A$ 1.135 -0.015 (-1.3%) Market Cap: 1.01 Bil Enterprise Value: 1.81 Bil PE Ratio: 0 PB Ratio: 0.57 GF Score: 61/100

Half Year 2020 Abacus Property Group Earnings Call Transcript

Feb 17, 2020 / 11:00PM GMT
Release Date Price: A$1.83 (+4.24%)
Operator

Thank you for standing by, and welcome to the Abacus Half Year '20 Results Presentation Conference Call. (Operator Instructions)

I would now like to hand the conference over to Mr. Steven Sewell, Managing Director. Please go ahead.

Steven Craig Sewell
Abacus Property Group - MD & Director

Thank you very much, and thanks, everybody, for dialing in. I understand it's a busy day. I'm joined here today with Rob Baulderstone, our CFO; as well as Evan and Reiner from our finance team; and Cynthia Rouse, our Head of Corporate Comms and Investor Relations. And we really do appreciate you taking some time to listen in.

The 6 months to 31 December, as you can see from the result, has been busy and overall a very satisfying period for the group. The results we've achieved, the assets acquired have cemented Abacus' position in the A-REIT sector, we believe, as a specialist owner and manager of quality Commercial Office and Self-Storage properties. Pleasingly, our key metric, funds from operations or FFO, grew just on 3% for the half. And with the

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