Page 70 - Profile's Stock Exchange Handbook - 2025 Issue 2

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 |
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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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