Page 72 - Profile's Stock Exchange Handbook - 2025 Issue 4

JSE - ACC Profile’s Stock Exchange Handbook: 2025 - Issue 4
Accelerate Property Fund Ltd. Acsion Ltd.

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 an investment entity incorporated
portfolio comprises retail, commercial and industrial assets and is in South Africa with interests in the property holding and
complemented by our single-tenant, long-term lease investments development industry. The company’s trade is limited to investment
in Austria and Slovakia. We differentiate ourselves by adopting activities and all of its operating activities are undertaken through
a nodal investment approach, underpinned by sound property its principal subsidiaries.
fundamentals that support our strategy to build cities of the future. SECTOR: RealEstate--RealEstate--InvestmentServices--Holdings
SECTOR: RealEstate--RealEstate--REITS--Retail NUMBER OF EMPLOYEES: 373
NUMBER OF EMPLOYEES: 0 DIRECTORS: Kok M (ind ne), Osrin-Karp L (ind ne), Sekete Dr P D (ind ne),
DIRECTORS: Day J (ne), Mawela A (ind ne), Pydigadu D (ld ind ne), Zarca H (Chair, ind ne), Anastasiadis K (CEO), van Rensburg C J (CFO)
Templeton J W A (Chair, ne), Schneider A (Joint CEO), De Lange M (CFO), MAJOR ORDINARY SHAREHOLDERS as at 28 Feb 2025
Grobler P (Interim CFO), Fearnhead T J (ind ne), Madikizela K (ind ne) Fortutrax (Pty) Ltd. 75.96%
MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2025 The Papa’s Trust 4.92%
K2016336084 (South Africa) (Pty) Ltd. 45.65% Koukoudis C 3.81%
Investec 12.39% POSTAL ADDRESS: PO Box 569, Wierda Park, 0149
RMB Holdings IBD Leverage Finance 6.82% MORE INFO: www.sharedata.co.za/sdo/jse/ACS
POSTAL ADDRESS: Cedar Square Shopping Centre, 1st Floor, COMPANY SECRETARY: M Reynolds
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. CAPITAL STRUCTURE Authorised Issued
SPONSOR: Questco (Pty) Ltd., Standard Bank of South Africa Ltd. ACS Ords no par val 10 000 000 000 394 959 976
AUDITORS: PricewaterhouseCoopers Inc.
CAPITAL STRUCTURE Authorised Issued DISTRIBUTIONS [ZARc]
Ldt
Pay
Amt
APF Ords no par val 5 000 000 000 2 090 323 952 Ords no par val 15 Jul 25 21 Jul 25 20.00
Final No 9
DISTRIBUTIONS [ZARc] Interim No 8 17 Dec 24 23 Dec 24 18.00
Ords no par val Ldt Pay Amt LIQUIDITY: Oct25 Avg 27 041 shares p.w., R200 586.9(0.4% p.a.)
Final No 13 19 Jul 22 25 Jul 22 21.98
Interim No 12 28 Jan 20 3 Feb 20 16.13 ACSION 40 Week MA REDS
1600
LIQUIDITY: Oct25 Avg 2m shares p.w., R1.1m(6.2% p.a.)
1400
1200
ACCPROP 40 Week MA REIV
140
1000
120 800
600
100
400
80
200
60 0
2021 2022 2023 2024 2025
40
FINANCIAL STATISTICS
20
2021 2022 2023 2024 2025 Feb 25 Feb 24 Feb 23 Feb 22 Feb 21
(R million) Final Final Final Final Final
FINANCIAL STATISTICS Operating Prft 2 223 1 520 1 187 570 300
Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
(R million) Total Inc 2 252 1 535 1 191 575 307
Final Final Final Final(rst) Final Attrib Inc 1 587 1 040 889 1 170 24
Turnover 760 819 856 912 625 TotCompIncLoss 1 385 1 225 1 167 1 228 66
Op Inc - 679 243 483 577 171 Ord UntHs Int 11 531 10 247 9 204 8 207 7 061
NetIntPd(Rcvd) 272 471 332 348 334 Investments 13 693 12 487 11 084 9 952 8 243
Minority Int - - - - 1 - FixedAss/Prop 851 814 932 737 646
Att Inc - 1 270 - 625 - 601 62 - 706 Tot Curr Ass 890 655 520 379 192
TotCompIncLoss - 1 270 - 621 - 605 - 38 - 736 Total Ass 16 211 14 755 13 367 11 903 9 829
Fixed Ass 6 450 7 662 8 910 9 984 11 634 Tot Curr Liab 936 1 096 343 688 997
Tot Curr Ass 115 1 051 1 103 905 644 PER SHARE STATISTICS (cents per share)
Ord SH Int 3 651 4 732 5 353 5 948 5 992 HEPLU-C (ZARc) 139.00 107.00 120.31 105.49 71.32
Minority Int - - - - 27 DPLU (ZARc) 38.00 32.40 36.00 18.00 -
LT Liab 2 920 1 070 2 062 3 928 4 450 NAV (ZARc) 2 996.00 2 662.00 2 390.56 2 131.38 1 795.40
Tot Curr Liab 1 294 3 944 2 927 1 200 2 093 3 Yr Beta 0.25 0.25 - 0.02 - 0.14 0.04
PER SHARE STATISTICS (cents per share) Price Prd End 700 699 740 525 399
HEPS-C (ZARc) - 58.24 - 20.34 17.45 38.19 - 10.26 Price High 1 050 863 903 700 645
DPS (ZARc) - - - 21.98 - Price Low 537 450 401 331 311
NAV PS (ZARc) 203.00 365.00 413.00 621.00 628.00 RATIOS
3 Yr Beta - 0.18 - 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 40 43 75 56 36 Debt:Equity 0.16 0.18 0.20 0.14 0.04
Price Prd End 51 48 80 105 68 OperRetOnInv - - 9.87 5.33 3.37
RATIOS OpInc:Turnover 145.77 106.07 100.09 62.64 42.25
Ret on SH Fnd - 34.77 - 13.20 - 11.23 1.02 - 11.71
Oper Pft Mgn - 89.28 29.63 56.34 63.24 27.41
D:E 1.03 0.94 0.84 0.77 1.03
Current Ratio 0.09 0.27 0.38 0.75 0.31
Div Cover - - - 0.29 -
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