Abacus Storage King stock reports FY2026 revenue of AUD 247.5 million
Published on 10/07/2026 at 04:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Abacus Storage King stock was last at AUD 1.065 on the ASX on October 6, 2026, down 0.47 percent, as the renamed Storage King Group works through a weaker funds-from-operations result. The company reported FY2026 revenue of AUD 247.5 million and FFO of AUD 164.2 million, according to Simply Wall St in its August 19, 2026 earnings update.
FY2026 revenue stays stable
The FY2026 revenue figure was flat against AUD 247.6 million in FY2025, while FFO declined 3.4 percent from AUD 170.0 million. FFO per security fell to AUD 0.10 from AUD 0.13, and the FFO margin narrowed to 66 percent from 69 percent, according to Simply Wall St.
The earnings mix matters because the company is a self-storage platform rather than a conventional property landlord. Storage King Group owns, operates and manages facilities across Australia and New Zealand, leaving rental growth, occupancy and development execution as central drivers of future cash generation.
Analyst target remains above price
Yahoo Finance lists an average one-year analyst target of AUD 1.36 and a high target of AUD 1.50 for Storage King Group. The average target lies 27.7 percent above the AUD 1.065 share price, while the high target implies a 40.8 percent gap, according to Yahoo Finance.
The valuation signal is balanced by operating pressure. Simply Wall St said consensus FY2027 revenue forecasts fell from AUD 260.8 million to AUD 250.1 million, while the EPS estimate declined from AUD 0.115 to AUD 0.099. That combination puts greater weight on delivery from the internalized management structure and the companys development pipeline.
Stock stays below yearly high
The October 6, 2026 ASX range was AUD 1.045 to AUD 1.085, with volume of 3,687,967 shares. The 52-week range was AUD 1.040 to AUD 1.610, and market capitalization stood at AUD 1.4 billion.
Storage King Group therefore combines stable annual revenue with lower cash earnings and a share price 33.9 percent below its 52-week high. The next interim report is listed for February 15, 2027.
Abacus Storage King stock facts
- Company: Storage King Group
- ISIN: AU0000286213
- Ticker: SKG
- Trading venue: ASX
- Price (as of October 6, 2026, 4:11 p.m. AEST): AUD 1.065 Closing price (October 6, 2026)
- Market capitalization: AUD 1.4 billion (as of October 6, 2026)
- 52-week range: AUD 1.040-1.610 (as of October 6, 2026)
- Sector / Industry: Real Estate / REIT - Industrial
Upcoming dates for Abacus Storage King stock
- February 15, 2027: Interim report
