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 :
Charter Hall Retail REIT
(2021
sales of 191.20 million Australian Dollars [US$139.36 million]
of which 88%
was Convenience Retail),
Growthpoint Properties Australia Ltd
(287.20 million Australian Dollars [US$209.33 million]
of which 64%
was Office), and
Shopping Centres Australasia Property Group Re Limited
(294.40 million Australian Dollars [US$214.58 million]
).
Sales Analysis.
Abacus Property Group reported sales of A$257.59 million (US$187.75 million)
for the
fiscal
year ending
June of 2021.
This
represents
a
decrease of 1.8%
versus 2020, when the company's sales were A$262.26 million.
The sales level in 2021 was fairly close to the level five years ago: in 2016, Abacus Property Group had sales
of A$263.73 million.
Contributing to the drop in overall sales was the 91.3% decline
in Property Development, from A$41.18 million to A$3.58 million.
There were also decreases in sales in
Other (down 56.6% to A$3.02 million)
.
However, these declines were partially offset by the increase in sales of
Property Investments Storage (up 220.6% to A$376.94 million)
and
Property Investments Commercial (up 25.6% to A$149.01 million)
.