Professional
Added to YB: 2025-09-26
Pitch date: 2025-08-31
ASK.AX [neutral]
Abacus Storage King
+8.8%
current return
Author Info
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Company Info
Abacus Storage King owns, operates, and manages a self-storage operating platform in Australia and New Zealand.
Market Cap
AUD 1.9B
Pitch Price
AUD 1.42
Price Target
N/A
Dividend
4.40%
EV/EBITDA
22.68
P/E
6.41
EV/Sales
11.69
Sector
Specialized REITs
Category
special_situation
Show full summary:
Harvest Lane Asset Management Portfolio Holding: Abacus Storage King
ASK.AX (holding update): Ki Corporation (60% owner) & Public Storage withdrew $2.17B takeover bid Aug 2025 after failing to price above NTA to satisfy minority shareholders. National Storage REIT's stake complicated vote dynamics since Ki couldn't vote on own proposal. Citi noted price upgrade above NTA needed for acceptance.
Read full article (1 min)