Brief: Abacus Property Updates On Proposed De-Stapling To Create Abacus Storage King

Abacus

18/05/2023 08:25

May 18 (Reuters) - Abacus Property Group  ABP.AX :
    * UPDATE ON PROPOSED DE-STAPLING TO CREATE ABACUS STORAGE
KING
    * INTENTION IS TO CREATE A NEW ASX LISTED SELF STORAGE REIT
TO BE
KNOWN AS ABACUS STORAGE KING
    * ASK IS EXPECTED TO BE LISTED ON ASX IN AUGUST 2023
    * INCREASE IN VALUATIONS OF SELF STORAGE PORTFOLIO SEEN
RESULTING
IN GROSS ASSETS OF ASK IN EXCESS OF A$3.0 BILLION AS OF 30 APRIL
    * REAFFIRMS FY23 DISTRIBUTION GUIDANCE OF AT LEAST 18.4 AU
CENTS
PER SECURITY

Source text for Eikon:  ID:nASX2rgKvK 
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