ABACUS GROUP — Capital/Financing Update 2021

Jul 8, 2021

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9 July 2021

Valuation gains across investment portfolio

Abacus Property Group (Abacus) [ASX: ABP] is pleased to announce that 40 of its investment properties, or 34% of the Group’s portfolio by number, have been externally valued as at 30 June 2021.

The preliminary draft valuations (including both external and internal) have resulted in a total estimated increase of $140 million, being a 4.5% increase. The unaudited valuations are expected to increase the Group’s pro forma net tangible assets (NTA) by circa $0.17 per security to $3.43, an increase of 5.2% on the 31 December 2020 NTA[1] .

Investment	Unaudited	Weighted average	Weighted average	Change	Uplift
properties	valuation	capitalisation rate	capitalisation rate
	30 June 2021	30 June 2021	31 December 2020
Self storage	$1.4 billion	5.74%	6.08%	-34 basis points	10.0%
Commercial	$1.9 billion	5.58%	5.63%	-5 basis points	0.7%
Total portfolio	$3.3 billion	5.65%	5.78%	-13 basis points	4.5%

The valuations are subject to finalisation and audit and could be revised up or down. The final audited valuations will be available as part of Abacus’ FY21 results, which will be released on Wednesday, 18 August 2021.

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INVESTOR & MEDIA ENQUIRIES

Cynthia Rouse Head of Investor Relations and Corporate Communications (+61) 2 9253 8600 abacusproperty.com.au

1 31 December 2020 NTA was $3.26 as outlined in the Abacus HY21 Results Presentation released to ASX in February 2021

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