Page 68 - Profile's Stock Exchange Handbook -2024 Issue 4

JSE – ACC Profile’s Stock Exchange Handbook: 2024 – Issue 4
Accelerate Property Fund Ltd. Acsion Ltd.
ACC ACS
ISIN: ZAE000185815 SHORT: ACCPROP CODE: APF ISIN: ZAE000198289 SHORT: ACSION CODE: ACS
REG NO: 2005/015057/06 FOUNDED: 2005 LISTED: 2013 REG NO: 2014/182931/06 FOUNDED: 2014 LISTED: 2014
NATURE OF BUSINESS: Accelerate is a JSE-listed REIT. Our local NATURE OF BUSINESS: Acsion is a property manager, real estate
portfolio comprises retail, commercial and industrial assets and is developer and owner. Acsion is differentiated from Real Estate Investment
complemented by our single-tenant, long-term lease investments in Trusts (“REITs”) in the listed property sector as it focuses on the delivery
Austria and Slovakia. We differentiate ourselves by adopting a nodal of superior net asset value (“NAV”) growth. NAV growth drivers include
investment approach, underpinned by sound property fundamentals that enhancing existing properties, completing the identified development
support our strategy to build cities of the future. pipeline and obtaining additional future development opportunities.
SECTOR: RealEstate—RealEstate—REITS—Retail SECTOR: RealEstate—RealEstate—InvestmentServices—Holdings
NUMBER OF EMPLOYEES: 0 NUMBER OF EMPLOYEES: 74
DIRECTORS: Mawela A (ind ne), TempletonJWA(ne), DIRECTORS: KokM(ind ne), Osrin-Karp L (ind ne),
van der MerweJF((ld ind ne), Schneider A (Joint CEO), Sekete DrPD(ind ne), Zarca H (Chair, ind ne), Anastasiadis K (CEO),
De Lange M (CFO), Grobler P (Interim CFO), FearnheadTJ(ind ne), van Rensburg C J (CFO)
Madikizela K (ind ne), Georgiou M N MAJOR ORDINARY SHAREHOLDERS as at 24 Feb 2024
MAJOR ORDINARY SHAREHOLDERS as at 04 Sep 2024 Fortutrax (Pty) Ltd. 75.97%
K2016336084 (South Africa) (Pty) Ltd. 31.07% The Papa’s Trust 4.92%
Michael Georgiou 29.13% Southern Palace Investments 108 (Pty) Ltd. 2.53%
Investec Bank Ltd. 12.39% POSTAL ADDRESS: PO Box 569, Wierda Park, 0149
POSTAL ADDRESS: Cedar Square Shopping Centre, 1st Floor,Cnr Willow MORE INFO: www.sharedata.co.za/sdo/jse/ACS
Avenue and Cedar Road, Fourways, 2055 COMPANY SECRETARY: MWRK Accountants and Auditors Inc.
MORE INFO: www.sharedata.co.za/sdo/jse/APF TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
COMPANY SECRETARY: Margi Pinto SPONSOR: Merchantec Capital (Pty) Ltd.
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. AUDITORS: BDO South Africa Inc.
SPONSOR: Standard Bank of South Africa Ltd. CAPITAL STRUCTURE AUTHORISED ISSUED
AUDITORS: PwC Inc.
ACS Ords no par value 10 000 000 000 394 959 976
CAPITAL STRUCTURE AUTHORISED ISSUED
APF Ords no par value 5 000 000 000 1 840 323 952 DISTRIBUTIONS [ZARc]
Ords no par value Ldt Pay Amt
DISTRIBUTIONS [ZARc] Final No 7 30 Jul 24 5 Aug 24 16.00
Ords no par value Ldt Pay Amt Interim No 6 19 Dec 23 27 Dec 23 16.40
Final No 13 19 Jul 22 25 Jul 22 21.98
Interim No 12 28 Jan 20 3 Feb 20 16.13 LIQUIDITY: Oct24 Avg 70 903 shares p.w., R408 357.3(0.9% p.a.)
REDS 40 Week MA ACSION
LIQUIDITY: Oct24 Avg 765 472 shares p.w., R410 580.0(2.2% p.a.)
1724
REIV 40 Week MA ACCPROP
484 1449
395 1175
306 900
218 625
129 350
2019 | 2020 | 2021 | 2022 | 2023 | 2024
40 FINANCIAL STATISTICS
2019 | 2020 | 2021 | 2022 | 2023 | 2024
(R million) Feb 24 Feb 23 Feb 22 Feb 21 Feb 20
FINANCIAL STATISTICS Final Final Final Final Final(rst)
(R million) Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Operating Prft 1 520 1 187 570 300 391
Final Final Final(rst) Final Final(rst) Total Inc 1 535 1 191 575 307 405
Turnover 819 856 912 625 1 086 Attrib Inc 1 040 889 1 170 24 485
Op Inc 243 483 577 171 672 TotCompIncLoss 1 225 1 167 1 228 66 507
NetIntPd(Rcvd) 471 332 348 334 333 Ord UntHs Int 10 247 9 204 8 207 7 061 7 039
Minority Int - - - 1 - 2
Att Inc - 625 - 601 62 - 706 - 844 Investments 12 487 11 084 9 952 8 243 7 854
TotCompIncLoss - 621 - 605 - 38 - 736 - 752 FixedAss/Prop 814 932 737 646 748
Fixed Ass 7 662 8 910 9 984 11 634 12 232 Tot Curr Ass 629 520 379 192 279
Tot Curr Ass 1 051 1 103 905 644 565 Total Ass 14 800 13 367 11 903 9 829 9 646
Ord SH Int 4 732 5 353 5 948 5 992 6 731 Tot Curr Liab 1 096 343 688 997 788
Minority Int - - - 27 23 PER SHARE STATISTICS (cents per share)
LT Liab 1 070 2 062 3 928 4 450 5 209 HEPLU-C (ZARc) 107.00 120.31 105.49 71.32 65.61
Tot Curr Liab 3 944 2 927 1 200 2 093 1 570 DPLU (ZARc) 32.40 36.00 18.00 - -
PER SHARE STATISTICS (cents per share) NAV (ZARc) 2 662.00 2 390.56 2 131.38 1 795.40 1 789.43
HEPS-C (ZARc) - 20.34 17.45 38.19 - 10.26 16.54 3 Yr Beta 0.25 - 0.02 - 0.14 0.04 - 0.16
DPS (ZARc) - - 21.98 - 16.13 Price Prd End 699 740 525 399 600
NAV PS (ZARc) 365.00 413.00 621.00 628.00 705.00 Price High 863 903 700 645 725
3 Yr Beta - 0.24 0.35 3.10 3.00 1.92 Price Low 450 401 331 311 600
Price High 97 97 136 140 398 RATIOS
Price Low 43 75 56 36 33 RetOnSH Funds - 9.66 14.58 0.94 6.91
Price Prd End 48 80 105 68 38 RetOnTotAss - 9.35 5.10 3.34 4.49
RATIOS
Ret on SH Fnd - 13.20 - 11.23 1.02 - 11.71 - 12.46 Debt:Equity 0.18 0.20 0.14 0.04 0.04
Oper Pft Mgn 29.63 56.34 63.24 27.41 61.86 OperRetOnInv - 9.87 5.33 3.37 4.55
D:E 0.94 0.84 0.77 1.03 0.97 OpInc:Turnover 106.07 100.09 62.64 42.25 56.94
Current Ratio 0.27 0.38 0.75 0.31 0.36
Div Cover - - 0.29 - - 5.49
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