Accelerate Property Fund Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Abri Schneider

Chief executive officer

R6.9m

Total compensation

CEO salary percentage	56.3%
CEO tenure	2.8yrs
CEO ownership	n/a
Management average tenure	2.8yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

Who Has Been Buying Accelerate Property Fund Limited (JSE:APF) Shares?

Feb 09

Accelerate Property Fund's(JSE:APF) Share Price Is Down 88% Over The Past Five Years.

Nov 20

CEO Compensation Analysis

How has Abri Schneider's remuneration changed compared to Accelerate Property Fund's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	R7m	R4m	-R625m
Sep 30 2023	n/a	n/a	-R855m
Jun 30 2023	n/a	n/a	-R725m
Mar 31 2023	R3m	R3m	-R594m

Compensation vs Market: Abri's total compensation ($USD379.36K) is about average for companies of similar size in the ZA market ($USD354.93K).

Compensation vs Earnings: Abri's compensation has increased whilst the company is unprofitable.

CEO

Abri Schneider

2.8yrs

Tenure

R6,867,000

Compensation

Mr. Abri M. Schneider has been the CEO of Accelerate Property Fund Limited since September 1, 2024 and has been its Chief Investment Officer from January 01, 2022 and is its Executive Director since March...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Abri Schneider	CEO, Chief Investment Officer & Executive Director	2.8yrs	R6.87m	no data
Marelise de Lange	CFO & Executive Director	1.3yrs	R3.65m	no data
Pieter Grobler	Head of Treasury & Finance and Debt Officer	no data	R3.44m	no data
Lynette Robinson	Head of Administration	no data	no data	no data
Angelique Grigoratos	Head of Legal & Compliance	no data	no data	no data
Maria Varfis	Head of Marketing	no data	no data	no data
Lauren van Staden	Head of Administration	no data	no data	no data
Andri Pienaar	Head of facilities	no data	no data	no data
Lynette Joubert	Head of leasing	no data	no data	no data
Margi Pinto	Company Secretary	4.4yrs	no data	no data

2.8yrs

Average Tenure

Experienced Management: APF's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Abri Schneider	CEO, Chief Investment Officer & Executive Director	1.7yrs	R6.87m	no data
Marelise de Lange	CFO & Executive Director	1.3yrs	R3.65m	no data
Jacobus van der Merwe	Lead Independent Director	3.8yrs	R1.07m	no data
Michael Georgiou	Non-Executive Director	11.8yrs	R641.00k	26.42% ZAR 171.2m
Kolosa Madikizela	Independent Non-Executive Director	11.4yrs	R762.00k	no data
Abel Mawela	Independent Non-Executive Director	5.5yrs	R743.00k	no data
James Templeton	Non-Executive Director	2.8yrs	R590.00k	no data

3.8yrs

Average Tenure

53yo

Average Age

Experienced Board: APF's board of directors are considered experienced (3.8 years average tenure).

Accelerate Property Fund Management

Management criteria checks 3/4

Key information

Recent management updates

Less than half of directors are independent

Accelerate Property Fund Limited, Annual General Meeting, Sep 09, 2024

Accelerate Property Fund Limited, Annual General Meeting, May 14, 2024

Accelerate Property Fund Limited Appoints Marelise De Lange as A Member of the Social Ethics and Transformation Committee

Accelerate Property Fund Limited, Annual General Meeting, Aug 03, 2023

Accelerate Property Fund Limited Announces the Appointment of Marelise De Lange as the New CFO, Effective from 1 August 2023

Recent updates

Less than half of directors are independent

Investec Group (JSE:INL) acquired an additional minority stake in Accelerate Property Fund Limited (JSE:APF).

Accelerate Property Fund Limited, Annual General Meeting, Sep 09, 2024

Full year 2024 earnings released: R0.48 loss per share (vs R0.52 loss in FY 2023)

Accelerate Property Fund Limited to Report Fiscal Year 2024 Results on Jul 15, 2024

New minor risk - Financial data availability

Investec Group acquired an unknown minority stake in Accelerate Property Fund Limited.

Accelerate Property Fund Limited, Annual General Meeting, May 14, 2024

Accelerate Property Fund Limited has filed a Follow-on Equity Offering in the amount of ZAR 200 million.

New major risk - Share price stability

First half 2024 earnings released: R0.068 loss per share (vs R0.17 profit in 1H 2023)

Accelerate Property Fund Limited Provides Distribution Guidance for the Period Ended 31 March 2023

Accelerate Property Fund Limited Appoints Marelise De Lange as A Member of the Social Ethics and Transformation Committee

Sasol Pension Fund signed an expression of interest to acquire Eden Meander Shopping Centre situated on Erf 26207 from Accelerate Property Fund Limited (JSE:APF) for approximately ZAR 520 million.

Sasol Pension Fund entered into an expression of interest Eden Meander Shopping Centre situated on Erf 26207 and together with vacant land on Erf 26832 from Accelerate Property Fund Limited (JSE:APF).

Accelerate Property Fund Limited Does not Declare Distribution for the Fiscal Year Ended March 31, 2023

New minor risk - Shareholder dilution

Now 23% undervalued after recent price drop

Full year 2023 earnings released: R1.05 loss per share (vs R0.005 profit in FY 2022)

Accelerate Property Fund Limited, Annual General Meeting, Aug 03, 2023

New minor risk - Financial data availability

Accelerate Property Fund Limited Announces the Appointment of Marelise De Lange as the New CFO, Effective from 1 August 2023

Less than half of directors are independent

Less than half of directors are independent

CFO & Executive Director recently sold R707k worth of stock

Hatfield Property Holdings (Pty) Limited. entered into a sale of letting enterprise agreement to acquire Erf 2043 Witkoppen Extension 91 from Accelerate Property Fund Limited (JSE:APF) for ZAR 80 million.

Accelerate Property Fund Limited Announces Resignation of Mr. Andrew Costa as Chief Operating Officer, Executive Director of the Board and as Member of the Investment Committee with Effect from March 31, 2023

Less than half of directors are independent

First half 2023 earnings released: EPS: R0.17 (vs R0.038 loss in 1H 2022)

CFO & Executive Director recently sold R904k worth of stock

Upcoming dividend of R0.22 per share

Accelerate Property Fund Limited, Annual General Meeting, Aug 03, 2022

Full year 2022 earnings released: EPS: R0.005 (vs R0.74 loss in FY 2021)

Accelerate Property Fund Limited to Report Fiscal Year 2022 Results on Jun 28, 2022

Price target decreased to R3.55

Dorpstraat Capital Growth Fund Proprietary Limited entered into a sale of letting enterprise agreement to acquire The Leaping Frog Shopping Centre from Accelerate Property Fund Limited (JSE:APF) for ZAR 130 million.

Accelerate Property Fund Limited Changes to the Board of Directors and Board Committees

CFO & Executive Director recently sold R547k worth of stock

CFO & Executive Director recently sold R547k worth of stock

First half 2022 earnings: EPS in line with expectations, revenues disappoint

CEO & Executive Director exercised options to buy R986k worth of stock.

An unknown buyer acquired an unknown stake in Accelerate Property Fund Limited (JSE:APF) from clients of Coronation Asset Management (Pty) Ltd.

Full year 2021 earnings released: R0.74 loss per share (vs R0.90 loss in FY 2020)

Accelerate Property Fund Limited Appoints Derick Van Der Merwe as Chairman of Investment Committee

Accelerate Property Fund Limited Announces Appointment of New Members to the Nominations Committee

Independent Non-Executive Director has left the company

Accelerate Property Fund Limited Announces Resignation of George Cavaleros as an Independent Non-Executive Director

New 90-day high: R0.87

Who Has Been Buying Accelerate Property Fund Limited (JSE:APF) Shares?

Accelerate Property Fund Limited Announces Management Appointments, Effective 1 February 2021

First half 2021 earnings released: R0.084 loss per share

Accelerate Property Fund Limited Announces Executive Change

Accelerate Property Fund's(JSE:APF) Share Price Is Down 88% Over The Past Five Years.

New 90-day high: R0.79

Accelerate Property Fund Limited Appoints Pieter Grobler as the Debt Officer

New 90-day low: R0.50

Accelerate Property Fund Limited Announces Resignation of Gert Cruywagen as Independent Non-Executive Director

New 90-day low: R0.55

New 90-day low - R0.65

Accelerate Property Fund Limited to Report First Half, 2021 Results on Nov 24, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age