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Accelerate Property Fund Ltd (APFJ.J)

APFJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Accelerate Property Fund Reports FY Diluted HEPS 50,12 Cents
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Accelerate Property Fund Ltd ::FY NET ASSET VALUE GROWTH OF 6,9%.FY REVENUE OF 1.21 BILLION RAND VERSUS 1.1 BILLION RAND YEAR AGO.FY DILUTED HEADLINE EARNINGS PER SHARE 50,12 CENTS.CONTINUES WITH SALE OF NON-CORE PROPERTIES,REINVESTMENT IN CORE PORTFOLIO FOR ORGANIC GROWTH IN PROPERTY VALUES, POTENTIAL BEE DEAL.FUND EXPECTS ASSET SALES, REINVESTMENT IN CORE PORTFOLIO ETC TO CONTINUE TO REDUCE GEARING DURING 2019 FINANCIAL YEAR.  Full Article

Accelerate Property Fund announces ‍proposed acquisition of offshore light industrial and logistics property portfolio​
Monday, 20 Nov 2017 

Nov 20 (Reuters) - ACCELERATE PROPERTY FUND LTD ::‍PROPOSED ACQUISITION OF AN OFFSHORE LIGHT INDUSTRIAL AND LOGISTICS PROPERTY PORTFOLIO​.‍ACQUISITION OF 100% OF ISSUED SHARE CAPITAL OF THREE SPECIAL PURPOSE VEHICLES (SPVS) FOR AGGREGATE PURCHASE CONSIDERATION OF EUR 41.9 MILLION.TRANSACTION ‍IS EXPECTED TO BE ACCRETIVE TO APF'S CURRENT FORWARD DISTRIBUTION YIELD​.  Full Article