Is Abacus Group (ASX:ABG) Undervalued? What Analyst Ratings Show

Sonal Goyal

09 October 2026 11:42 AM AEDT

Is Abacus Group (ASX:ABG) Undervalued? What Analyst Ratings Show

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Highlights

Consensus rating of Buy from 5 analysts: 3 Buy or equivalent, 1 Hold, 1 Sell or equivalent.
Mean price target of A$1.07 against a share price of A$0.81 on 8 October 2026, an implied upside of 32.1%.
Analyst targets range from A$0.90 to A$1.20.
Abacus Group (ASX:ABG) announced its results for the year ended 30 June 2026 on 25 August 2026.

Abacus Group (ASX:ABG) carries a consensus analyst rating of Buy. Of the 5 analyst recommendations recorded, 3 are Buy or equivalent, 1 is Hold and 1 is Sell or equivalent. The mean price target is A$1.07, with targets ranging from A$0.90 to A$1.20, against a current share price of A$0.81 (8 October 2026). Abacus Group is an Australian commercial REIT with office and retail Assets that completed the internalisation of Abacus Storage King during FY26.

Company name	Abacus Group
Ticker	(ASX:ABG)
Exchange	ASX (Australian Securities Exchange)
Current share price	A$0.81
Price date	8 October 2026
Number of analysts	5
Rating consensus	Buy
Consensus price target (mean)	A$1.07
Highest target	A$1.20
Lowest target	A$0.90
Implied upside/downside to mean target	Implied upside of 32.1%

Latest developments

Abacus Group (ASX:ABG) announced its results for the year ended 30 June 2026 on 25 August 2026. Funds From Operations (FFO) were $81.2 million, down 1.9%, and the distribution was 8.50 cents per security, flat on FY25, a Payout Ratio of 93.6% of FFO. NTA was $1.59 per security, down 7.6%, because of the accounting reclassification of the group's Abacus Storage King (ASK) investment. A statutory net loss of $74.5 million reflected the non-cash impact of reclassifying the ASK Investment from Equity accounted to fair value.

The weighted average Capitalisation rate was 6.70%, compressed 7 basis points, and gearing was 36.2%, up 170 basis points and within the target range of up to 40%. Office operating Earnings were $89.6 million, down 3.2%, with positive leasing spreads of 5.5% and rent reviews of 3.6% offset by lower surrender fees. Net promoter score rose to +35 from +27. Like-for-like Retail operating earnings were $30.0 million, up 4.5%.

The group completed the internalisation of ASK, which it said simplifies its operating model, and enters FY27 as a specialised commercial REIT focused on its core commercial portfolio.

Sector context

Commercial REIT results depend on leasing, rent reviews, capitalisation rates and interest rates. The group notes positive leasing spreads in office and retail, with office earnings reduced by lower surrender fees.

Risks and what to watch

The statutory net loss of $74.5 million and the NTA fall of 7.6% reflect an accounting reclassification, and FFO declined 1.9%. The distribution payout ratio of 93.6% leaves limited retention, and gearing rose to 36.2%. Office and retail earnings depend on tenant Demand and valuations.

Next milestones

Items to watch include FY27 FFO and distribution, gearing relative to the 40% limit, the performance of the commercial portfolio following the ASK internalisation, and the half-year result.

FAQs

Q: What is the consensus analyst rating for Abacus Group (ASX:ABG)?

A:The consensus rating is Buy, based on 5 analyst recommendations: 3 Buy or equivalent, 1 Hold and 1 Sell or equivalent.

Q: What are the analyst price targets for Abacus Group (ASX:ABG)?

A:The mean price target is A$1.07, with a highest target of A$1.20 and a lowest target of A$0.90. The share price on 8 October 2026 was A$0.81.

Q: What did Abacus Group (ASX:ABG) report for FY26?

A:Abacus reported FFO of $81.2 million, a distribution of 8.50 cents per security, NTA of $1.59 per security and a statutory net loss of $74.5 million.

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