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Abacus Group (ASX:ABG) Accounts Payable & Accrued Expense for Financial Companies


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What is Abacus Group Accounts Payable & Accrued Expense for Financial Companies?

Accounts Payable & Accrued Expense for Financial Companies only applies to insurance companies.


Abacus Group (ASX:ABG) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Group (ASX:ABG) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
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Address
77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000
Abacus Group is primarily focused on storage and office property, with minor interests in other subsectors such as retail property. Its storage business remains an active acquirer and developer of property. Management separated the storage business in mid-2023. We don't view the separation as creating value in itself, however, we view it as a potential catalyst that could prompt the market to recognize latent value in Abacus' assets. However, it will likely take time for the market to get familiar with the two Abacus vehicles and its new structure.