ABACUS GROUP — Interim / Quarterly Report 2021

Feb 17, 2021

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Abacus Property Group HY21 Results Presentation

18 February 2021

Platform metrics HY21

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TOTAL
ASSETS
A$3.6bn
 8.2% on FY20
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WEIGHTED
AVERAGE
CAP RATE
5.82% [1,2]
 18bps on FY20
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STATUTORY
PROFIT
$151.8m
 85.0% on HY20
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FFO
$60.6m
 9.9% on HY20
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GEARING
18.2%
 830bps on FY20
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FFO EPS
9.06cps
 14.4% on HY20
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NET
TANGIBLE
ASSETS
$3.26ps [3]
 1.8% on FY20
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DPS
8.50cps
 10.1% on HY20
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1. Includes equity accounted investments.

2. Office portfolio 5.56%, Self Storage portfolio 6.08%.

3. Includes right-of-use property assets and lease liabilities of $1.8 million.

Abacus Property Group | HY21 Results Presentation

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HY21 hi hli hts g g

Abacus is positioned as a strong asset backed, annuity style investment house focused on the ownership and management of Office and Self Storage assets

• Deployment of over $200 million into key sectors in HY21, funded with debt and divestment of non-core assets

• Following completion of the equity raising in December 2020, Abacus has a solid Balance sheet with low range gearing and high liquidity

• Self Storage: Multi-pronged growth strategy has delivered strong HY21 trading performance

• acquisition of the remaining 75% interest in our operating platform, Storage King

• 29% growth in Self Storage net property rental income to $34.1 million

• HY21 rent collection remains high at 99%

• Office: Acquisitions, collaboration and active asset management have supported resilient HY21 trading performance

• over 33,000 sqm of leasing completed with positive spreads

• 34% growth in Office net property rental income to $34.6 million

• 96% of HY21 rents collected

• Post balance date entered development joint venture with Walker Corporation at 710 Collins Street, Melbourne VIC

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3 Abacus Property Group | HY21 Results Presentation

Balance sheet allocation

DECEMBER 2020 billion of Total Assets[1] $3.6

	Core $3.3 billion Non-core $135 million 96% 4%
	Office $1,573m Self Storage $1,501m Retail $200m Industrial $40m Residential $135m

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JUNE 2020 billion of Total Assets[1] $3.3

	Core $2.9 billion Non-core $183 million 6% 94%	Core $2.9 billion Non-core $183 million 6% 94%
	Office $1,493m Self Storage $1,208m Retail $198m Industrial $37m	Residential $183m

1. Includes investments in cash and other assets not pictured above.

Abacus Property Group | HY21 Results Presentation

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Financial Metrics

HY21 ke financial metrics y

	KEY FINANCIAL METRICS HY21 HY20 AIFRS statutory profit $151.8m $82.1m Funds from operations (FFO) $60.6m $67.3m FFO per security (WAV securities on issue) 9.06c (669m) 10.59c (635m) Distributions per security 8.50c 9.45c Cashflow from operating activities $46.5m $98.3m

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Result highlights in HY21:

• FFO down 9.9% to $60.6 million (due to reduced contribution from non-core sectors)

• Commercial portfolio FFO contribution increased 23.9% to $41.5 million

• Self Storage portfolio FFO contribution increased 17.4% to $31.7 million

• Established[1] Self Storage portfolio of $812 million yielding 6.0% on an annualised basis

• Cashflow includes $11.9 million of tax relating to prior period

• Established portfolio – 57 facilities traded since FY19.

6 Abacus Property Group | HY21 Results Presentation

Balance sheet – HY21

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• NTA per security[1] down 1.8% to $3.26

• Balance sheet gearing at 31 December 2020 was 18.2%

• Completion of a $402 million Entitlement Offer in December 2020 following deployment of capital into key sectors

• Bank facility limit increase of $247 million on attractive terms

• Anticipate FY21 cost of debt to be no greater than 2.5%

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TOTAL ASSETS [4]
Non-core
Retail &
4%
Industrial
7%
Office
46%
Self Storage
43%
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	KEY FINANCIAL METRICS HY21 FY20 NTA per security1 $3.26 $3.32 Abacus total assets $3,617m $3,342m Net tangible assets1 $2,619m $2,171m Average cost of drawn debt 2.2% 3.0% Gearing2 18.2% 26.5% Gearing ratio calculated for covenant measures3 23.8% 31.9% Debt term to maturity 3.6 yrs 3.9 yrs

1. Includes impact of Entitlement Offer (December 2020) and right-of-use property assets and lease liabilities of $1.8 million. Excludes external non-controlling interests of $5.2 million (FY20: $5.0 million).

2. Bank debt minus cash divided by total assets minus cash. If joint venture and fund assets and debt are consolidated proportionately based on Abacus’ equity interest, look through gearing is 19.6%. 3. Covenant gearing calculated as total liabilities (net of cash) divided by total tangible assets (net of cash).

3. Excludes investments in cash and other assets.

Abacus Property Group | HY21 Results Presentation

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Investment ortfolio – valuation p

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HY21 FY20
HY21 FY20
INVESTMENT weighted weighted
Valuation Valuation
PORTFOLIO [2] average average
$m $m
cap rate cap rate
Office $1,573 $1,493 5.56% 5.61%
(24 assets)
Self Storage $1,501 [3] $1,208 6.08% 6.58%
(92 assets)
Other $240 $235 6.20% 6.19%
(6 assets)
Total Abacus $3,314 $2,936 5.82% 6.00%
investment
portfolio
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• The revaluation process for Abacus resulted in a net increase in investment property values for HY21 of $93.9 million

  • Gain of $97.5 million or 8.4% across the Self Storage portfolio

  • Loss of $3.6 million or 0.2%[1] across the Commercial portfolio

• Cap rates were mixed across the investment portfolio

   - Self Storage cap rates compressed on average by 50 basis points
  
   - Office cap rates were relatively steady
  

• Excluding acquisition costs, the Commercial portfolio fair value movement would have been flat for the period.

• Includes equity accounted investments and other assets.

• Cap rate applied to $1,254 million of Self Storage Investment Properties.

Abacus Property Group | HY21 Results Presentation

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Operating Performance

Office – sna shot p

OFFICE $1.6 billion (46% of total assets[1] )

90.0% (2.2%) Occupancy[1] LFL income growth[1,2] 4.1yrs 5.56% WALE[1] WACR[3] 47 340 Leasing deals[4] Customers 96% 2% Rent collected[5] Waivers provided[6]

1. Excludes development affected assets.

2. (4.0%) including the impact of COVID-19 waivers. Based on net property income.

3. Including equity accounted investments.

4. Includes non-Abacus share for jointly held assets.

5. Calculated as rent invoiced less arrears > 30 days, less any waivers provided. 6. Waivers commenced in April 2020 due to the impact of COVID-19.

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14 Martin Place, Sydney NSW
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10 Abacus Property Group | HY21 Results Presentation

Office – leasin metrics g

18% new 33,537 sqm 82% renewals leased in HY20[1] 26% 35% on new deals 22% on renewals average incentive 3.3% 13.7% on new deals 2.1% on renewals leasing spreads

3.6% 93% fixed 7% CPI average rent review $564[2] psm $711 average CBD[2] rent $381 average fringe[2] rent average rent

1. Based on 100% ownership. 2. Sydney and Melbourne.

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LEASE EXPIRY PROFILE (BY RENT)
27%
22%
15%
13%
10%
9%
4%
Short-term HY22 HY23 HY24 HY25 HY26 HY27+
leases
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11 Abacus Property Group | HY21 Results Presentation

Self Stora e – sna shot g p

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SELF STORAGE $1.5 billion (43% of total assets[1] )

Storage King, Robina QLD

6.0% Passing yield[2]

65% Assets located in Top 3 Significant Urban Areas[3] $252 RevPAM[2]

89.2% Occupancy[2]

$283 Average rent psm[2]

1.8% RevPAM growth[2]

1. Excludes investments in cash and other assets. 2. Established portfolio – 57 facilities traded since FY19. 3. As defined by the Australian Bureau of Statistics. Top 3 markets by population are Sydney, Melbourne and Brisbane.

12 Abacus Property Group | HY21 Results Presentation

Self Storage – CY occupancy[1]

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VIC NSW NZ
92.0% 89.0% 92.0%
91.0% 88.0% 91.0%
90.0%
87.0% 90.0%
89.0%
86.0% 89.0%
88.0%
85.0% 88.0%
87.0%
84.0% 87.0%
86.0%
83.0% 86.0%
85.0%
84.0% 82.0% 85.0%
83.0% 81.0% 84.0%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2019 2020 2019 2020 2019 2020
QLD ACT LIKE-FOR-LIKE
95.0% 96.0% 91.0%
95.0% 90.0%
93.0%
94.0% 89.0%
91.0%
93.0% 88.0%
89.0%
92.0% 87.0%
87.0%
91.0% 86.0%
85.0%
90.0% 85.0%
83.0% 89.0% 84.0%
81.0% 88.0% 83.0%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2019 2020 2019 2020 2019 2020
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1. Established portfolio – 57 facilities traded since FY19.

13 Abacus Property Group | HY21 Results Presentation

Stora e Kin latform g g p

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INTERNALISING OUR OPERATING PLATFORM

• Effective 1 December 2020, Abacus moved to 100% ownership of the Storage King platform

• Co-founder, Michael Tate will continue in his role of Storage King CEO and join the Abacus Executive Leadership Team

• Full internalisation enables continued drive to enhance:

• Asset selection and redevelopment

• Operational enhancements including technological advancements

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14 Abacus Property Group | HY21 Results Presentation

Self Stora e – ortfolio additions g p

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ACQUISITIONS

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DEVELOPMENTS

• Disciplined, metro acquisition strategy with a strong pipeline

• $94 million of Self Storage acquisitions[1] settled

• 46% (by value) sourced via Storage King relationship

• Over 6,000 sqm of NLA delivered in Robina (Gold Coast)

• Development pipeline of over $80 million will deliver more than 55,000 sqm of NLA

• Includes 6,750 sqm of additional NLA to be generated from expansions across the existing portfolio

Image on left is of Storage King, Cheltenham VIC. Image on right is of Storage King, Robina QLD.

1. 60% located in Top 3 Significant Urban Areas as defined by the Australian Bureau of Statistics. Top 3 markets by population are Sydney, Melbourne and Brisbane.

15 Abacus Property Group | HY21 Results Presentation

Retail and non-core le ac investments g y

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RETAIL $200 million[1] (6% of total assets[2] )

NON-CORE $135 million (4% of total assets[2] )

97.8% (0.1%) Occupancy[3] LFL income growth[3] 3.27yrs 6.08% WALE[3] WACR

Abacus continues to successfully execute on its stated strategy to realise legacy exposures

• Non-core assets reduced by 26% during HY21 and now represent 4% of total assets[2]

• repayment of $48 million of residential land and mortgages during the period

	ASSET	VALUE4 ($m)	NLA (SQM)	KEY TENANTS	STATUS
	Ashfield,	195	24,977	Coles, Aldi,	Core hold –
	Sydney NSW			Woolworths, Kmart	co-ownership
	Lutwyche,	139	22,462	Coles, Aldi,	Core hold –
	Brisbane QLD			Woolworths	co-ownership

1. Includes equity accounted investment in Oasis, Broadbeach QLD.

2. Excludes investments in cash and other assets.

3. Excludes development affected and equity accounted assets.

4. 100% value. Note Abacus share is 50%.

5. Interest rate is 10%.

	PROJECT	TYPE	EQUITY	LOAN5	TOTAL	PRIMARY SECURITY
	RCL Portfolio	JV/	$47.3m	$43.6m	$90.9m	1st
	NSW1	Loan				Mortgagee
	Doonside NSW	Loan	-	$10.2m	$10.2m	1st
						Mortgagee
	Investment	Loan	-	$25.0m	$25.0m	1st
	Funding Portfolio					Mortgagee
	Small projects	Loan	-	$8.6m	$8.6m	2nd
	and investments					Mortgagee
	Total		$47.3m	$87.4m	$134.7m

16 Abacus Property Group | HY21 Results Presentation

Sustainabilit – embedded in how we conduct business y

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Actively exploring opportunities and managing risks

• Office portfolio NABERS Energy average of 4.3 stars (up from 4.2 stars at FY20)

• Office portfolio NABERS Water average of 3.4 stars (up from 3.3 stars at FY20)

• Public sustainability targets:

Energy

• Targeting a NABERS Energy portfolio average of 5 stars by FY25 for office assets

• 15% reduction in Scope 1 & 2 GHG emissions intensity by 2025 (from FY19 base year) for commercial property

Emissions

• Net Zero emissions by 2050 (Scope 1 and 2)

Water

• Targeting a NABERS Water portfolio average of 4 stars by FY25 for office assets

• 10% reduction in water intensity by 2025 (from FY19 base year) for commercial property

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Integration of ESG across the business to drive long term
sustainable growth
Solar installed
40
Self Storage
assets
4.3 stars (786kW) 3.4 stars
NABERS NABERS
Energy Office Water Office
portfolio Board gender portfolio
average equality average
50%
female
Enhanced representation Modern
property & facilities Slavery
management
Solar installed strategy
3
Office buildings
(298kW)
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Waste

• Targeting a 50% diversion from landfill by FY25 across commercial property

17 Abacus Property Group | HY21 Results Presentation

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Summary and Outlook

Outlook

Abacus is positioned as a strong asset backed, annuity style investment house focused on the ownership and management of Office and Self Storage assets

• Following the acquisition of the Storage King self storage operating platform, Abacus is now a fully internalised AREIT with key asset focus in the Office and Self Storage sectors

• 89% of total assets[1] invested in key sectors of Office and Self Storage

• Acquisition capacity of over $900 million[2 ] to support future growth initiatives

• The size, nature and market positioning of these key sector investments will permit the Group to deliver recurring income and value creation over the medium to long term

• FY21 full year distribution is expected to reflect a payout ratio broadly in line with the target range of 85 - 95% of FFO[3]

• Excludes investments in cash and other assets.

• Borrowing capacity until Abacus reaches its target maximum gearing limit of 35%. 3. Subject to timing of acquisition settlements.

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Abacus Property Group | HY21 Results Presentation

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HY21 Data Pack

Contents

Abacus Property Group Overview	22
Financial Performance	23-27
Investment Portfolio	28-31
Glossary	32
Important information	33

Abacus Property Group | HY21 Results Presentation

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About Abacus

Abacus Property Group (ASX:ABP), is a diversified Australian REIT with an investment portfolio concentrated in the Office and Self Storage sectors. We invest capital in real estate opportunities to deliver superior long term returns and maximise securityholder value.

Abacus’ key focus is being a strong asset backed, annuity style business model where capital is directed towards assets that provide potential for enhanced income growth and ultimately create value. Our people, market insight and repositioning capability together with strategic partnering are the key enablers of our strategy.

Abacus was established in 1996 and listed on the ASX in 2002. Abacus is included in the S&P/ASX 200 index.

Abacus Property Group | HY21 Results Presentation

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Segment earnings

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	COMMERCIAL	SELF STORAGE	PROPERTY DEVELOPMENT	OTHER	HY21 TOTAL	HY20 TOTAL
Rental income	57.8	51.9			109.7	92.0
Finance income			7.8	0.1	7.9	35.2
Fee income	1.7	0.5			2.2	2.8
Share ofprofit from equityaccounted investments1, 2	4.3				4.3	5.9
Sale of inventory				2.9	2.9	15.0
Other income		3.3			3.3	3.2
Total UnderlyingRevenue	63.8	55.7	7.8	3.0	130.3	154.1
Expenses	(14.2)	(17.7)			(31.9)	(32.1)
Impairment			(2.8)		(2.8)	(4.5)
Cost of inventory				(2.7)	(2.7)	(12.0)
Segment result before corporate overheads	49.6	38.0	5.0	0.3	92.9	105.5
Administrative and other expenses	(8.1)	(6.3)	(1.2)	(0.1)	(15.7)	(12.7)
UnderlyingEBIT	41.5	31.7	3.8	0.2	77.2	92.8
Finance costs					(12.6)	(10.7)
Tax expense					(3.8)	(14.8)
Non-controllinginterests				(0.2)	(0.2)	-
Funds from Operations	41.5	31.7	3.8	-	60.6	67.3
Depreciation and amortisation	(1.6)	(1.0)			(2.6)	(2.2)
Rent straight-lining, incentives, movement in lease liabilities & impairments	(2.8)				(2.8)	(1.0)
Tax benefit /(expense)on FFO items					(1.0)	2.6
Change in fair value of investments,derivatives					97.6	15.4
Net Profit attributable to Abacus securityholders					151.8	82.1

1. Distributions from joint ventures.

2. Excludes fair value gain of $8.6 million.

Abacus Property Group | HY21 Results Presentation

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Se ment balance sheet g

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	PROPERTY INVESTMENT PROPERTY DEVELOPMENT OTHER HY21 FY20
	($m) ($m) ($m) ($m) ($m)
Commercial investment properties	1,685.8 1,685.8 1,612.2
Self Storage investment properties	1,253.9 1,253.9 1,040.7
PP&E, equity accounted and other investments, financial and other assets	299.6 46.0 345.6 345.0
Loans	87.4 87.4 136.4
Inventory	47.3 47.3 48.0
Cash and cash equivalents	88.7 88.7 127.3
Goodwill and intangibles	74.9 32.9 107.8 32.4
Total assets	3,314.2 134.7 167.6 3,616.5 3,342.0
Interest bearing liabilities	751.0 1,009.8
Other liabilities	144.5 125.5
Total liabilities	895.5 1,135.3
Net assets	2,721.0 2,206.7

24 Abacus Property Group | HY21 Results Presentation

Net tan ible asset reconciliation g

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	HY21	FY20
Net assets	2,721.0	2,206.7
Less
Total external non-controlling interest	(5.2)	(5.0)
Total stapled securityholders’ interest in equity	2,715.8	2,201.7
Less
Intangible assets and goodwill	(107.8)	(32.4)
Deferred tax assets/liabilities (net)	11.4	1.9
Total net tangible assets1	2,619.4	2,171.2
Securities on issue	804.4	653.5
Net tangible assets per security	3.26	3.32

1. Includes impact of Entitlement Offer (December 2020) and right-of-use property assets and lease liabilities of $1.8 million. Excludes external non-controlling interests of $5.2 million (FY20: $5.0 million). Abacus Property Group | HY21 Results Presentation

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Debt facilities

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CAPITAL MANAGEMENT METRICS	HY21	FY20
Total bank debt facilities	$1,360m	$1,113m
Total bank debt drawn	$724m	$974m
Term to maturity	3.6 yrs	3.9 yrs
% hedged	62%	48%
% hedged of total debt facilities	33%	42%
Weighted average hedge maturity	2.0 yrs	2.3 yrs
Average cost of debt – drawn	2.2%	3.0%
Average cost of debt – fully drawn	2.0%	2.6%
Group gearing1	18.2%	26.5%
Look through gearing2	19.6%	27.8%
Gearing calculated for covenant measures / covenant	23.8% / 50%	31.9% / 50%
Interest Coverage Ratio / covenant	6.5x / 2.0x	7.6x / 2.0x

1. Abacus target maximum gearing of up to 35%.

2. Includes joint venture and fund assets and debt consolidated proportionately with Abacus’ equity interest.

Abacus Property Group | HY21 Results Presentation

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Debt maturit rofile as at 31 December 2020 y p

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($’m) 300

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Available bank facility
Committed bank facility
Drawn bank debt
2.6
200
134.6
131.5
227.4
100
176.8
98.9
150.0
117.4 51.0
106.4
100.0
30.3 33.1
0
FY21 HY22 FY22 HY23 FY23 HY24 FY24 HY25 FY25 HY26
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27 Abacus Property Group | HY21 Results Presentation

Investment ortfolio metrics p

PORTFOLIO METRICS		SELF
	OFFICE		OTHER	TOTAL
HY21		STORAGE
Value1 ($m)	1,573	1,501	240	3,314
No. of assets	24	922	6	122
NLA (sqm)3	132,441	442,147	71,769	646,357
WACR1 (%)	5.56	6.08	6.20	5.82
Occupancy3 (% by area)	90.0	89.24	94.4
Average rent psm3(A$)	535	2834	294
WALE3 (yrs by income)	4.1
LFL rental growth (%)	(2.2)

1. Includes equity accounted investments.

2. Includes 7 development assets.

3. Excludes development assets.

4. Average over financial year (by area) of all established assets.

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INVESTMENT PORTFOLIO SECTOR DIVERSIFICATION
Retail Industrial and Other
6% 1%
Office
48%
Self Storage
45%
Office Self Storage Retail Industrial and Other
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INVESTMENT PORTFOLIO GEOGRAPHIC DIVERSIFICATION

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WA
SA
3%
NSW
3%
NZ 37%
8%
ACT
8%
QLD
17%
VIC
24%
NSW VIC QLD ACT NZ SA WA
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28 Abacus Property Group | HY21 Results Presentation

Portfolio revaluations

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	VALUATION	WEIGHTED AVERAGE CAP RATE
ABACUS INVESTMENT PORTFOLIO BY SECTOR
	31 DECEMBER 2020 ($’000)	31 DECEMBER 2020
Office	$1,573,038	5.56%
Self Storage	$1,501,274	6.08%
Other	$239,905	6.20%
Total investment portfolio	$3,314,217	5.82%

Note: Total managed Office asset value equates to $2.67 billion, total managed Retail asset value equates to $509 million.

1. Includes Office and Other.

29 Abacus Property Group | HY21 Results Presentation

Self Stora e metrics g

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Self Storage metrics
PERFORMANCE METRICS AUS NZ HY21 FY20 Total Assets 77 15 921 81 NLA (sqm) 363,805 78,342 442,147 383,010 Occupancy (%) 88.8 90.4 89.22 88.12 Rental Rate (psm) A$282 A$284 A$2832 A$2812 RevPAM A$251 A$257 A$2522 A$2482 WACR 6.10 6.00 6.08 6.58 Value ($m) 1,261 240 1,501 1,208	PERFORMANCE METRICS HY21 HY20
	Storage revenue 45.4 38.4
	Other revenue 6.5 4.3
	Total revenue 51.9 42.8
	Storage operating expenses (17.7) (16.3)
	Operating EBITDA 34.2 26.5
	Operating Margin 66% 62%
	1. Includes 7 development assets. 2. Average over financial year (by area) of all established assets.

% NLA Breakdown by State

% Value Breakdown by State

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WA
VIC
12%
22%
ACT
12%
QLD
NSW
15%
21%
NZ
18%
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WA
7%
VIC
ACT
22%
14%
NZ
19%
NSW
24%
QLD
14%
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30 Abacus Property Group | HY21 Results Presentation

Self Stora e develo ment i eline g p p p

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We will continue to identify additional development opportunities within our existing portfolio and strategically reinvest subject to market conditions

55,250 sqm of identified net lettable area to be developed over the short to medium-term

Anticipated return[1] on invested capital of 8.0%+

NEW STORE PROJECT (SQM)	FY21	FY22	FY23+
Woonona (Wollongong, NSW)	4,500
Prestons (Sydney, NSW)		6,500
Rowville (Melbourne, VIC)		5,000
Deagon (Brisbane, QLD)		5,000
Epping (Melbourne, VIC)		6,000
Granville (Sydney, NSW)		7,000
Gregory Hills (Sydney, NSW)		5,500
Sydney Olympic Park (Sydney, NSW)			9,000
Total	4,500	35,000	9,000
SELF STORAGE DEVELOPMENT PROJECT PIPELINE	NLA (SQM)
New stores	48,500
Existing store expansions (under construction)	6,750
Total	55,250

1. Post stabilisation.

31 Abacus Property Group | HY21 Results Presentation

Glossar y

TERM	DEFINITION	TERM	DEFINITION
AIFRS	Australian International Financial Reporting	kW	Kilowatt
	Standards
CPI	Consumer price index	LFL	Like for like
CPS	Cents per stapled security	NABERS	National Australian Built Environment
			Rating system
CY	Calendar Year	NLA	Net lettable area
DPS	Distribution per stapled security	NTA	Net tangible assets
EBIT	Earnings before interest and tax	PP&E	Property, plant and equipment
EBITDA	Earnings before interest, tax, depreciation	PS	Per stapled security
	and amortisation
ESG	Environmental, Social, and Corporate	PSM	Per square metre
	Governance
EPS	Earnings per stapled security	RevPAM	Revenue per available square metre
FFO	Funds from operations	SQM	Square metre
FY	Financial year	WACR	Weighted average capitalisation rate
GHG	Greenhouse Gas	WALE	Weighted average lease expiry
HY	Half year	WAV	Weighted average value

32 Abacus Property Group | HY21 Results Presentation

Im ortant information p

The information provided in this document is general, and may not be suitable for the specific purposes of any user of this document. It is not financial advice or a recommendation to acquire Abacus Property Group securities (ASX: ABP). Abacus Property Group believes that the information in this document is correct (although not complete or comprehensive) and does not make any specific representations regarding its suitability for any purpose. Users of this document should obtain independent professional advice before relying on this document as the basis for making any investment decision and should also refer to Abacus Property Group’s financial statements lodged with the ASX for the period to which this document relates. This document contains non-AIFRS financial information that Abacus Property Group uses to assess performance and distribution levels. That information is not audited.

Abacus Property Group | HY21 Results Presentation

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