YOLFTbeta
Accelerate Property Fund Ltd

Accelerate Property Fund Ltd

APF · JSE · Real Estate / REIT - Retail

53.00ZAC+3.00 (+6.00%)

Price History

Full chart

Market Stats

Previous Close50.00
Open51.00
Day Range48.00 – 53.00
52-Week Range35.00 – 76.00
Volume546.63K
Market Cap797.74M
P/E (TTM)0.00
Forward P/E0.00
EPS-0.02
Dividend Yield0.00%
Beta0.24
50-Day Avg41.52
200-Day Avg55.10

About

Accelerate Property Fund Limited aspires to be the most valued property fund on the Johannesburg Stock Exchange by acquiring high-quality properties with long-term leases with strong tenants. The Fund owns several properties in Fourways, including Cedar Square, The Buzz, Waterford, BMW Fourways, the Leaping Frog Centre and 50% of the super-regional Fourways Mall. It also owns the Oceana Building, the Mustek building, the Thomas Pattullo building and Portside building on the Cape Town Foreshore as well as the majority of properties in Charles Crescent, Sandton. The fund listed on the Johannesburg Stock Exchange in December 2013. It is headquartered in Fourways, Johannesburg. Accelerate Property Fund Limited was established on May 16, 2005 and is incorporated in South Africa.

Company Details

  • SectorReal Estate
  • IndustryREIT - Retail
  • CEOMr. Abri M. Schneider
  • Employees40
  • Headquarters2nd Floor, Cedar Square Shopping Centre, Johannesburg, South Africa, 2055, South Africa
  • Websitehttps://acceleratepf.co.za

Leadership

  • Mr. Abri M. SchneiderCEO, Chief Investment Officer & Executive Director · b. 1968
  • Ms. Marelise de Lange B.Com (Hon), B.Com (Law), CA(SA)CFO & Executive Director · b. 1972
  • Mr. Pieter A. GroblerChief Operating Officer
  • Lynette RobinsonHead of Administration
  • Angelique GrigoratosHead of Legal & Compliance
  • Maria VarfisHead of Marketing
  • Lauren van StadenHead of Administration
  • Andri PienaarHead of facilities
  • Lynette JoubertHead of leasing
  • Ms. Margi PintoCompany Secretary

Financials

Income Statement

Currency: ZAR2014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Revenue221.30M748.81M886.76M1.10B1.21B1.23B1.09B925.18M947.63M871.82M820.30M760.16M678.94M
Growth (%)-+238.37%+18.42%+24.04%+9.68%+2.31%-12.05%-14.78%+2.43%-8.00%-5.91%-7.33%-10.68%
Cost of Revenue65.70M205.75M225.11M286.31M306.52M374.66M360.96M328.67M319.40M335.85M333.92M329.30M303.87M
Gross Profit155.60M543.06M661.64M813.64M899.92M859.67M724.66M596.51M628.22M535.98M486.39M430.86M375.07M
Gross Margin70.31%72.52%74.61%73.97%74.59%69.65%66.75%64.48%66.29%61.48%59.29%56.68%55.24%
Operating Expense8.31M35.85M38.84M115.86M70.63M41.18M113.98M89.04M-5.39M45.47M237.67M1.12B74.19M
Operating Income147.30M507.21M622.81M697.78M829.29M818.49M610.68M507.48M633.61M490.51M248.71M-684.47M300.88M
Operating Margin66.56%67.74%70.23%63.44%68.74%66.31%56.25%54.85%66.86%56.26%30.32%-90.04%44.32%
EBITDA----1.46B941.48M-520.26M-360.24M342.42M-197.16M8.59M-806.23M336.72M
EBITDA Margin----120.81%76.27%-47.92%-38.94%36.13%-22.61%1.05%-106.06%49.60%
Net Income552.81M741.05M805.03M898.37M1.09B563.36M-899.87M-705.70M61.98M-601.34M-624.74M-1.27B-45.89M
Net Income Margin249.80%98.96%90.78%81.67%90.00%45.64%-82.89%-76.28%6.54%-68.98%-76.16%-167.02%-6.76%
Interest Expense00047.37M8.61M363.83M360.52M332.08M330.75M388.64M621.87M447.06M378.87M
Interest Expense % of Total Revenue0.00%0.00%0.00%4.31%0.71%29.48%33.21%35.89%34.90%44.58%75.81%58.81%55.80%

Balance Sheet

Currency: ZAR2014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Assets6.47B7.13B8.91B12.38B13.21B13.67B13.53B12.56B11.08B10.34B9.75B7.87B6.84B
Total Liabilities2.70B2.53B3.13B5.04B5.35B5.71B6.74B6.54B5.13B4.99B5.01B4.21B3.14B
Total Equity3.77B4.60B5.77B7.34B7.85B7.95B6.77B5.99B5.95B5.35B4.73B3.65B3.70B
Cash57.64M58.82M71.43M133.62M76.92M84.13M--47.87M38.92M21.95M7.91M110.46M
Net Debt----5.07B5.29B6.02B6.03B4.57B4.48B4.40B3.74B2.89B

Cash Flow

Currency: ZAR2014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Operating Cash Flow115.23M408.70M561.56M593.78M640.96M874.72M732.15M354.38M512.04M422.34M384.35M450.70M457.04M
Investing Cash Flow-5.51B-329.07M-1.29B-2.78B-14.72M-150.46M-441.20M151.20M664.62M112.29M---
Financing Cash Flow5.45B-78.45M742.17M2.25B-679.98M-721.95M-345.10M-512.51M-1.15B-544.12M---
Capital Expenditure94.00K184.00K385.00K1.07M214.00K51.00K31.00K43.00K175.00K68.00K38.43M110.43M110.40M
Free Cash Flow----141.68M352.74M356.07M354.33M511.69M384.11M345.92M340.26M346.64M
Dividends Paid220.90M220.90M332.52M413.47M536.07M521.92M358.99M38.16M38.16M38.16M---
FCF to OCF----22.10%40.33%48.63%99.99%99.93%90.95%90.00%75.50%75.84%
Dividend Paid to FCF----378.38%147.96%100.82%10.77%7.46%9.93%---

Key Statistics & Ratios

Market Cap797.74M
Enterprise Value3.69B
Trailing P/E0.00
Forward P/E0.00
Price / Sales1.18
Price / Book0.22
EPS-0.02
Book Value1.81
Revenue (TTM)678.94M
Gross Profit (TTM)375.07M
EBITDA388.17M
Profit Margin-6.76%
Operating Margin24.49%
Return on Equity-1.25%
Return on Assets3.28%
Shares Outstanding2.05B
Shares Float779.25M
Beta0.24
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Dividends

20221×
21.72Jul 20, 2022
20201×
15.94Jan 29, 2020
20191×
23.43Jul 24, 2019
20182×
26.94Dec 12, 201828.43Jul 25, 2018
20172×
28.44Dec 6, 201728.47Jul 12, 2017
20162×
28.43Nov 23, 201626.73Jul 20, 2016
20152×
26.30Dec 7, 201524.92Jul 13, 2015
20142×
23.71Dec 8, 201413.61Jul 14, 2014

Stock Splits

  • Feb 8, 20234589:4535