Abacus Storage King (ASX:ASK) demonstrated financial resilience in its half-year results ended Dec. 31, 2025, posting a statutory profit of $71.1 million.
This represents a 4.8% increase compared to H1 FY25, underpinned by a solid operational foundation that has prompted the group to evaluate internalising its management structure.
Despite a 5.3% dip in funds from operations to $41 million, the group maintained a steady interim distribution of 3.10 cents per security, affirming its full-year guidance of 6.20 cents.
The company’s "established portfolio" continues to drive value, with revenue per available square metre climbing 1.5% to $341.
The growth was particularly pronounced in the Australian market, which saw a 2.9% RevPAM increase.
While occupancy saw a marginal softening to 90.5%, rental rates remained strong at $377 per square metre.
ASK’s growth trajectory is supported by aggressive portfolio expansion and technological integration.
The period saw $58.1 million invested across two operating stores and two development sites, adding approximately 6,500sqm of net lettable area.
Furthermore, the rollout of a proprietary revenue management system across the established portfolio signals a shift toward data-driven yield optimisation.
With over $500 million in funding capacity and no debt expiring until after FY27, the group possesses the liquidity required to pursue further "embedded growth upside" in a stabilising yield environment.