Page 70 - Profile's Stock Exchange Handbook - 2025 Issue 2
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JSE – ACC                                Profile’s Stock Exchange Handbook: 2025 – Issue 2
            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: Day J (ne), Mawela A (ind ne), van der Merwe J F ( (ld ind ne),  DIRECTORS: Kok M (ind ne), Osrin-Karp L (ind ne), Sekete Dr P D (ind ne),
        Schneider A (Joint CEO), De Lange M (CFO), Grobler P (Interim CFO),  Zarca H (Chair, ind ne), Anastasiadis K (CEO), van Rensburg C J (CFO)
        Templeton J W A (Acting Chair, ne), Fearnhead T J (ind ne),  MAJOR ORDINARY SHAREHOLDERS as at 24 Feb 2024
        Madikizela K (ind ne), Georgiou M N         Fortutrax (Pty) Ltd.             75.97%
       MAJOR ORDINARY SHAREHOLDERS as at 13 Nov 2024  The Papa’s Trust                4.92%
         K2016336084 (South Africa) (Pty) Ltd.  31.07%  Southern Palace Investments 108 (Pty) Ltd.  2.53%
         Michael Georgiou                 29.13%  POSTAL ADDRESS: PO Box 569, Wierda Park, 0149
         First Rand Bank Ltd.              6.99%  MORE INFO: www.sharedata.co.za/sdo/jse/ACS
       POSTAL ADDRESS: Cedar Square Shopping Centre, 1st Floor,  COMPANY SECRETARY: MWRK Accountants and Auditors Inc.
        Cnr Willow Avenue and Cedar Road, Fourways, 2055  TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
       MORE INFO: www.sharedata.co.za/sdo/jse/APF  SPONSOR: Merchantec Capital (Pty) Ltd.
       COMPANY SECRETARY: Margi Pinto             AUDITORS: BDO South Africa Inc.
       TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
                                                                                     ISSUED
       SPONSORS: Questco (Pty) Ltd., Standard Bank of South Africa Ltd.  CAPITAL STRUCTURE  AUTHORISED  394 959 976
                                                  ACS
                                                       Ords no par value
                                                                      10 000 000 000
       AUDITORS: PwC Inc.
                                                  DISTRIBUTIONS [ZARc]
       CAPITAL STRUCTURE   AUTHORISED     ISSUED
       APF  Ords no par value  5 000 000 000  1 840 323 952  Ords no par value  Ldt  Pay  Amt
                                                  Interim No 8      17 Dec 24  23 Dec 24  18.00
       DISTRIBUTIONS [ZARc]                       Final No 7         30 Jul 24  5 Aug 24  16.00
       Ords no par value     Ldt    Pay     Amt
       Final No 13        19 Jul 22  25 Jul 22  21.98  LIQUIDITY: Apr25 Avg 29 693 shares p.w., R198 948.2(0.4% p.a.)
       Interim No 12      28 Jan 20  3 Feb 20  16.13      REDS       40 Week MA   ACSION
       LIQUIDITY: Apr25 Avg 1m shares p.w., R614 007.3(3.5% p.a.)                      949
               REIV       40 Week MA  ACCPROP
                                                                                       822
                                           257
                                                                                       694
                                           213
                                                                                       567
                                           170
                                                                                       440
                                           127
                                                                                       312
                                                     2020  |  2021  |  2022  |  2023  |  2024  |
                                           83
                                                  FINANCIAL STATISTICS
                                           40     (R million)  Aug 24  Feb 24  Feb 23  Feb 22  Feb 21
          2020  |  2021  |  2022  |  2023  |  2024  |
                                                              Interim  Final  Final  Final  Final
       FINANCIAL STATISTICS                       Operating Prft  426  1 520  1 187  570  300
       (R million)  Sep 24  Mar 24  Mar 23  Mar 22  Mar 21  Total Inc  440  1 535  1 191  575  307
                   Interim  Final  Final Final(rst)  Final  Attrib Inc  258  1 040  889  1 170  24
       Turnover       375  819   856   912  625   TotCompIncLoss  475  1 225  1 167  1 228  66
       Op Inc         136  243   483   577  171
                                                  Ord UntHs Int  10 700  10 247  9 204  8 207  7 061
       NetIntPd(Rcvd)  197  471  332   348  334   Investments  12 706  12 487  11 084  9 952  8 243
       Minority Int    -     -    -    - 1    -   FixedAss/Prop  797  814   932   737  646
       Att Inc       - 255  - 625  - 601  62  - 706  Tot Curr Ass  769  755  520  379  192
       TotCompIncLoss  - 255  - 625  - 605  - 38  - 736  Total Ass  15 063  14 855  13 367  11 903  9 829
       Fixed Ass     6 488  7 662  8 910  9 984  11 634  Tot Curr Liab  1 038  1 096  343  688  997
       Tot Curr Ass  1 008  1 051  1 103  905  644
       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    -
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