Abacus locks in earnings bounce from self-storage

Abacus Property Group’s progressive up-weighting into self-storage facilities is paying off, as earnings growth and valuation gains in that sector outstrip those from its retail and office investments.

Led by Steven Sewell, Abacus’s $5.2 billion portfolio is now evenly split between self-storage outlets and its other commercial interests. A hefty $1 billion has been invested over fiscal 2022 so far into Abacus’s portfolio overall.