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Accelerate Property Fund Ltd

APFJ.J

Latest Trade

178.00ZAc

Change

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Today's Range

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52 Week Range

134.00

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450.00

As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Accelerate Property Says Disposal Of Edcon Warehouse For 94 Mln Rand

Nov 15 (Reuters) - Accelerate Property Fund Ltd <APFJ.J>::JSE: APF - VOLUNTARY ANNOUNCEMENT - THE DISPOSAL BY ACCELERATE OF EDCON WAREHOUSE.ACCELERATE PROPERTY FUND LTD - ENTERED INTO A SALE OF LETTING ENTERPRISE AGREEMENT WITH SHERATON TEXTILES HOLDINGS TO DISPOSE OF EDCON WAREHOUSE.ACCELERATE PROPERTY FUND LTD - PROPERTY IS BEING SOLD FOR R 94 MILLION AT A YIELD OF 10.0%.ACCELERATE PROPERTY FUND LTD - CONSIDERATION FOR TRANSACTION SPLIT BETWEEN CASH AND REFUNDABLE DEPOSIT.ACCELERATE PROPERTY FUND LTD - INTENDS TO UTILISE FULL SALE PROCEEDS TOWARDS REDUCTION OF DEBT.

Accelerate Property Announces Disposal Of Kyalami Downs

Oct 25 (Reuters) - Accelerate Property Fund Ltd <APFJ.J>::JSE: APF - THE DISPOSAL BY ACCELERATE OF KYALAMI DOWNS.ACCELERATE PROPERTY FUND LTD - PROPOSED DEAL FOR R99.5 MILLION.ACCELERATE PROPERTY FUND LTD - PROPOSED DEAL FOR APF INTENDS TO UTILISE FULL SALE PROCEEDS TOWARDS REDUCTION OF DEBT..

Accelerate Properties Anticipates Negative Distributable Income Growth For Year Ended 31 March 2020

Sept 30 (Reuters) - Accelerate Property Fund Ltd <APFJ.J>::TRADING STATEMENT AND PRE-CLOSE GUIDANCE.ANTICIPATES NEGATIVE DISTRIBUTABLE INCOME GROWTH FOR YEAR ENDED 31 MARCH 2020.SEES 10% TO 15% REDUCTION IN DISTRIBUTION PER SHARE (43,32 TO 45.87 CENTS PER SHARE) VERSUS FY DISTRIBUTION OF 50.97 CENTS/SHARE.BOARD DEEMS IT PRUDENT TO RETAIN ADDITIONAL PERCENTAGE OF DISTRIBUTABLE INCOME FOR REINVESTMENT IN CO AND ITS CORE ASSETS.

Accelerate Property Says Executive Director Has Resigned

Aug 23 (Reuters) - Accelerate Property Fund Ltd <APFJ.J>::JSE: APF - CHANGE IN DIRECTORATE.ACCELERATE PROPERTY FUND LTD - JOHN PATERSON (JOHN), AN EXECUTIVE DIRECTOR OF COMPANY, HAS RESIGNED WITH EFFECT FROM 23 AUGUST.ACCELERATE PROPERTY - DEMETRIOS KYRIAKIDES, CHIEF FINANCIAL OFFICER, HAS BEEN APPOINTED AS A MEMBER OF SOCIAL, ETHICS AND TRANSFORMATION COMMITTEE.

Accelerate Property Fund Says Total Distribution Per Share For Year 50,97109 Cents

June 20 (Reuters) - Accelerate Property Fund Ltd <APFJ.J>::CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2019.TOTAL DISTRIBUTION PER SHARE FOR YEAR 50,97109 CENTSVS 57,54512 CENTS.FY NET ASSET VALUE 8,0 BILLION RAND VERSUS 7,8 BILLION RAND.FY HEADLINE EARNINGS PER SHARE 45,26 CENTS.

Accelerate Property Fund Announces Disposal Of Wanooka Place

March 1 (Reuters) - Accelerate Property Fund Ltd <APFJ.J>::THE DISPOSAL BY ACCELERATE OF WANOOKA PLACE.PROPOSED DEAL FOR CASH CONSIDERATION OF R240 MILLION.PROPOSED DEAL FOR APF INTENDS TO UTILISE FULL SALE PROCEEDS TOWARDS REDUCTION OF DEBT.IN ANTICIPATION OF FOURWAYS EQUALISATION, CO SET ASIDE R1,7 BILLION OF NON-CORE PROPERTIES FOR SALE, SET TARGET LTV RATIO OF 35%.PROCEEDS FROM SALE OF NON-CORE PROPERTIES WILL BE USED TO EITHER REDUCE DEBT OR BUY BACK ACCELERATE SHARES.

Accelerate Property Fund Reported HY Tenant Retention 92,1%

Nov 26 (Reuters) - Accelerate Property Fund Ltd <APFJ.J>::HY TENANT RETENTION 92,1%.HY PROPERTY PORTFOLIO VALUE OF R12,6 BILLION.HY TOTAL PORTFOLIO GLA OF 621 120 M2.HY NET ASSET VALUE GROWTH OF 8,2% (YEAR ON YEAR).HY REVENUE 636.01 MILLION RAND VERSUS 633.23 MILLION RAND.HY DILUTED HEADLINE EARNINGS PER SHARE 29,09 CENTS.FOCUS ON TENANT RETENTION, REDUCTION OF VACANCIES, COST CONTROL, PROTECTING INCOME STREAM IS IMPERATIVE.

Accelerate Property Fund Says Tito Mboweni Resigns As Chairman

Oct 12 (Reuters) - Accelerate Property Fund Ltd <APFJ.J>::RESIGNATION OF CHAIRMAN.TITO MBOWENI HAS RESIGNED AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHAIRMAN OF BOARD OF DIRECTORS.GERT CRUYWAGEN, LEAD INDEPENDENT DIRECTOR OF BOARD, HAS BEEN APPOINTED AS TEMPORARY CHAIRMAN OF BOARD.

Accelerate Property Fund Reports FY Diluted HEPS 50,12 Cents

June 20 (Reuters) - Accelerate Property Fund Ltd <APFJ.J>::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.

Accelerate Property Fund Drops Plans To Buy A Polish Industrial Portfolio

Feb 5 (Reuters) - Accelerate Property Fund Ltd <APFJ.J>::‍UPDATE ON FOURWAYS MALL REDEVELOPMENT AND PROPOSED ACQUISITION​.‍CONSTRUCTION WORK ON REDEVELOPMENT AND EXPANSION OF FOURWAYS MALL CONTINUES TO PROCEED ACCORDING TO SCHEDULE​.ACCELERATE PROPERTY FUND- ‍SHAREHOLDERS ARE ADVISED COMPANY WILL NO LONGER BE PURSUING PROPOSED ACQUISITION OF A POLISH LIGHT INDUSTRIAL AND LOGISTICS PORTFOLIO MENTIONED ON NOV 20​.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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