July 24 (Reuters) - Abacus Property Group ABP.AX :
* ANNOUNCES LAUNCH OF $250 MILLION PLACEMENT
* PRELIMINARY UNAUDITED FY19 UNDERLYING PROFIT OF 24.0 CENTS PER SECURITY
* DECLARED PRELIM FY19 DISTRIBUTION OF 18.5 CENTS PER SECURITY
* PRELIMINARY GUIDANCE FOR FY20 DISTRIBUTION PER SECURITY GROWTH OF 2% - 3% ON DECLARED FY19 DISTRIBUTION
* PAYOUT RATIO FOR FY20 IS EXPECTED TO INCREASE TO 85% TO 95% OF FFO
* ANNOUNCES NON-UNDERWRITTEN SECURITY PURCHASE PLAN TO RAISE UP TO $25 MILLION