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Abacus Storage King ASX:ASK

0 opened or increased0 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

20252026

30 Sep 2024 to today

Commentary Showing 2 of 3

DateManagerActionSummary

31 Aug 2025Harvest Lane Asset ManagementHeldHarvest Lane Asset Management continues to hold Abacus Storage King because it sees the failed joint takeover bid from Ki Corporation and Public Storage — withdrawn in the last week of August 2025 — as highlighting persistent undervaluation of the company. Harvest Lane Asset Management notes that Citi analysts stated a further upgrade of the offer price above NTA was required to be acceptable to minority shareholders, and that the involvement of National Storage REIT as a rival bidder with significant voting power was a key factor in the deal's collapse. The manager remains invested, viewing the failed process as continuing to reveal the gap between the current share price and intrinsic value.

M&AMonthly Report, price recorded $1.42

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30 Jun 2025Oracle Advisory GroupHeldThe manager holds Abacus Storage King as a leading self-storage operator in Australia and New Zealand that was a positive contributor during the quarter. The manager notes the company's defensive self-storage assets benefit from structural demand tailwinds and the fund's position reflects confidence in the long-term growth of the self-storage sector.

Quarterly Report, price recorded $1.54

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on ASK.

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About Abacus Storage King

Real Estate, Equity Real Estate Investment Trusts (REITs)

Abacus Storage King (ASX:ASK), a self-storage REIT, was subject to a takeover approach that fund managers saw as testing governance protections. In June 2025, Oracle Advisory Group reported Abacus Storage King gained 26% after receiving an unsolicited, conditional takeover proposal, describing it as a standout performer. In August 2025, Harvest Lane discussed the importance of investor protections in public markets in the context of the takeover approach. Earlier, Oracle highlighted net tangible assets rising and the REIT trading at a 24% discount. Abacus Storage King operates in the Real Estate sector within the Equity Real Estate Investment Trusts industry, and Thesis Tracker has captured 3 comments from 2 fund managers, Oracle and Harvest Lane. Established in 2023 and headquartered in Sydney, Abacus Storage King owns and operates self-storage facilities across Australia and New Zealand under the Storage King brand, having been de-stapled from Abacus Group.

Market cap: $1.8b
Price to earnings: Loss-making
Return on equity: 0.0%
Dividend yield: 0.0%
Price to book: 0.00x
Net margin: 0.0%

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Abacus Storage King (ASX:ASK)?

Fund managers including Oracle Advisory Group and Harvest Lane Asset Management have invested in Abacus Storage King (ASX:ASK).

What opportunities or catalysts do fund managers highlight for Abacus Storage King?

Oracle highlights takeover interest that delivered a 26% gain and a substantial discount to net tangible assets that has supported upside.

What are the key risks to the Abacus Storage King investment thesis, according to fund managers?

Harvest Lane raises governance concerns around the takeover process and investor protections, and the proposal was conditional.

What does Abacus Storage King (ASX:ASK) do?

Abacus Storage King is a real estate investment trust (REIT) established in August 2023 and headquartered in Sydney, Australia. The company operates, manages, and owns a specialized self-storage platform. Its investment portfolio includes self-storage properties and associated real estate assets located throughout Australia and New Zealand. Abacus Storage King focuses on the strategic ownership and operation of these facilities to provide self-storage solutions in the region.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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