ABG 2.94% $1.16 abacus group

Ann: HY24 Results Presentation, page-2

  1. 348 Posts.
    lightbulb Created with Sketch. 151
    They don't break down AFFO for good reason.

    Incentives are so damn high there is very little actual free cash flow.

    They are also paying themselves a bomb to manage these passive assets - $19m just in this half. Thats close to a 2% management fee when external REITs charge 50bps.

    Controlling shareholder here is lazy.
 
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