Abacus Property Group operates in the Nonresidential building operators sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Abacus Property Group with three other
companies in this sector in AUSTRALIA :
Growthpoint Properties Australia Ltd
(2020
sales of 287.30 million Australian Dollars [US$221.34 million]
of which 64%
was Office),
Charter Hall Retail REIT
(200.80 million Australian Dollars [US$154.70 million]
of which 100%
was Australian Operations), and
Shopping Centres Australasia Property Group Re Limited
(292.40 million Australian Dollars [US$225.27 million]
).
Sales Analysis.
During the second
fiscal
quarter of 2021, sales at Abacus Property Group totalled
A$119.94 million.
This is a drop of 17.0%
from the A$144.46 million in sales at the company during the second quarter in 2020.
Abacus Property Group reported sales of A$262.26 million (US$202.05 million)
for the
fiscal
year ending
June of 2020.
This
represents
a
decrease of 3.0%
versus 2019, when the company's sales were A$270.41 million.
The sales level in 2020 was fairly close to the level five years ago: in 2015, Abacus Property Group had sales
of A$287.76 million.
Contributing to the drop in overall sales was the 59.1% decline
in Property Development, from A$100.74 million to A$41.18 million.
There were also decreases in sales in
Property Investments Commercial (down 20.5% to A$118.60 million)
and
Property Investments Storage (down 9.6% to A$117.58 million)
and
Other (down 26.8% to A$6.95 million)
.