Abacus Group (ASX:ABG) reaffirmed its fiscal year 2026 distribution guidance of AU$0.085 per security, with 50% expected to be fully franked and a payout ratio targeted between 85% to 95% of funds from operations, according to a Thursday Australian bourse filing.
For fiscal year 2026, the firm guided to an average cost of drawn debt of 4.5%, assuming an average floating rate of 3.5%. It has an acquisition capacity of over AU$230 million.
Its office portfolio's year-end occupancy clocked in at 91.1% and like-for-like rent growth of 4.3% in fiscal year 2025, with strong leasing activity at its assets.
The office portfolio weighted average lease expiry for the quarter ended Sept. 30 was 3.4 years, in line with fiscal year 2025 at 3.6 years. Its average occupancy reduced to 88.4% during the quarter.
It completed over 1,500 square meters of retail leasing across seven transactions, lifting average occupancy to 98.2% as of Sept. 30, an increase of 270 basis points from 95.5% in fiscal year 2025. The retail portfolio weighted average lease expiry at the end of the quarter was 5.6 years.