Page 70 - Profile's Stock Exchange Handbook - 2025 Issue 1

JSE – ACC Profile’s Stock Exchange Handbook: 2025 – Issue 1
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), van der MerweJF((ld ind ne), DIRECTORS: KokM(ind ne), Osrin-Karp L (ind ne),
Schneider A (Joint CEO), De Lange M (CFO), Sekete DrPD(ind ne), Zarca H (Chair, ind ne), Anastasiadis K (CEO),
Grobler P (Interim CFO), TempletonJWA (Acting Chair, ne), van Rensburg C J (CFO)
FearnheadTJ(ind ne), Madikizela K (ind ne), Georgiou M N MAJOR ORDINARY SHAREHOLDERS as at 24 Feb 2024
MAJOR ORDINARY SHAREHOLDERS as at 13 Nov 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, MORE INFO: www.sharedata.co.za/sdo/jse/ACS
Cnr Willow 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.
SPONSORS: Questco (Pty) Ltd., 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] Interim No 8 17 Dec 24 23 Dec 24 18.00
Ords no par value Ldt Pay Amt Final No 7 30 Jul 24 5 Aug 24 16.00
Final No 13 19 Jul 22 25 Jul 22 21.98
Interim No 12 28 Jan 20 3 Feb 20 16.13 LIQUIDITY: Jan25 Avg 54 627 shares p.w., R322 777.1(0.7% p.a.)
REDS 40 Week MA ACSION
LIQUIDITY: Jan25 Avg 915 512 shares p.w., R469 278.5(2.6% p.a.)
949
REIV 40 Week MA ACCPROP
257 822
213 694
170 567
127 440
83 312
2020 | 2021 | 2022 | 2023 | 2024 |
40 FINANCIAL STATISTICS
2020 | 2021 | 2022 | 2023 | 2024 |
(R million) Aug 24 Feb 24 Feb 23 Feb 22 Feb 21
FINANCIAL STATISTICS Interim Final Final Final Final
(R million) Sep 24 Mar 24 Mar 23 Mar 22 Mar 21 Operating Prft 426 1 520 1 187 570 300
Interim Final Final Final(rst) Final Total Inc 440 1 535 1 191 575 307
Turnover 375 819 856 912 625 Attrib Inc 258 1 040 889 1 170 24
Op Inc 136 243 483 577 171 TotCompIncLoss 475 1 225 1 167 1 228 66
NetIntPd(Rcvd) 197 471 332 348 334 Ord UntHs Int 10 700 10 247 9 204 8 207 7 061
Minority Int - - - - 1 - Investments 12 706 12 487 11 084 9 952 8 243
Att Inc - 255 - 625 - 601 62 - 706 FixedAss/Prop 797 814 932 737 646
TotCompIncLoss - 255 - 625 - 605 - 38 - 736 Tot Curr Ass 769 755 520 379 192
Fixed Ass 6 488 7 662 8 910 9 984 11 634 Total Ass 15 063 14 855 13 367 11 903 9 829
Tot Curr Ass 1 008 1 051 1 103 905 644 Tot Curr Liab 1 038 1 096 343 688 997
Ord SH Int 4 665 4 732 5 353 5 948 5 992 PER SHARE STATISTICS (cents per share)
Minority Int - - - - 27 HEPLU-C (ZARc) 65.00 107.00 120.31 105.49 71.32
LT Liab 376 1 070 2 062 3 928 4 450 DPLU (ZARc) - 32.40 36.00 18.00 -
Tot Curr Liab 3 933 3 944 2 927 1 200 2 093 NAV (ZARc) 2 739.01 2 662.00 2 390.56 2 131.38 1 795.40
3 Yr Beta 0.12 0.25 - 0.02 - 0.14 0.04
PER SHARE STATISTICS (cents per share) Price Prd End 751 699 740 525 399
HEPS-C (ZARc) - 6.32 - 14.31 17.45 38.19 - 10.26 Price High 950 863 903 700 645
DPS (ZARc) - - - 21.98 - Price Low 537 450 401 331 311
NAV PS (ZARc) 260.00 365.00 413.00 621.00 628.00 RATIOS
3 Yr Beta - 0.09 - 0.24 0.35 3.10 3.00 RetOnSH Funds - - 9.66 14.58 0.94
Price High 69 97 97 136 140 RetOnTotAss - - 9.35 5.10 3.34
Price Low 42 43 75 56 36 Debt:Equity 0.16 0.19 0.20 0.14 0.04
Price Prd End 50 48 80 105 68 OperRetOnInv - - 9.87 5.33 3.37
RATIOS OpInc:Turnover 56.88 106.07 100.09 62.64 42.25
Ret on SH Fnd - 10.95 - 13.20 - 11.23 1.02 - 11.71
Oper Pft Mgn 36.38 29.63 56.34 63.24 27.41
D:E 0.80 0.94 0.84 0.77 1.03
Current Ratio 0.26 0.27 0.38 0.75 0.31
Div Cover - - - 0.29 -
68