Abacus Property Group (ASX:ABP)
Abacus Property Group is an Australia-based diversified real estate investment trust (REIT) with an investment portfolio concentrated in the office and self-storage sectors. It invests capital in real estate opportunities to deliver long term returns and maximize security holder value. The Company’s principal activities include the investment in self-storage and commercial (office, retail and industrial) properties to derive rental and management and other fee income; and participation in property developments including lending to derive interest income and development profits. Its segments include property investment and property development. Property Investments segment is responsible for the investment in and ownership of commercial, retail, industrial properties and self-storage facilities. Property Development provides secured lending and related property financing solutions is also responsible for the Company’s investment in joint venture developments and construction projects.