Accelerate Property Fund Past Earnings Performance

Past criteria checks 0/6

Accelerate Property Fund's earnings have been declining at an average annual rate of -36.7%, while the Retail REITs industry saw earnings growing at 26.1% annually. Revenues have been declining at an average rate of 8.5% per year.

Key information

-36.7%

Earnings growth rate

-33.2%

EPS growth rate

Retail REITs Industry Growth	17.7%
Revenue growth rate	-8.5%
Return on equity	-16.2%
Net Margin	-97.9%
Last Earnings Update	30 Sep 2023

Recent past performance 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

Revenue & Expenses Breakdown

How Accelerate Property Fund makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

JSE:APF Revenue, expenses and earnings (ZAR Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 23	874	-855	115
30 Jun 23	873	-725	81
31 Mar 23	872	-594	48
30 Sep 22	859	245	-11
30 Jun 22	903	125	-5
31 Mar 22	948	4	2
30 Sep 21	789	-692	54
30 Jun 21	796	-690	71
31 Mar 21	803	-688	88
31 Dec 20	1,036	-807	114
30 Sep 20	1,047	-929	136
30 Jun 20	1,066	-886	125
31 Mar 20	1,086	-844	114
31 Dec 19	1,119	-293	96
30 Sep 19	1,153	257	78
30 Jun 19	1,194	410	66
31 Mar 19	1,234	563	54
31 Dec 18	1,222	829	65
30 Sep 18	1,209	1,094	75
30 Jun 18	1,208	1,090	76
31 Mar 18	1,206	1,086	77
31 Dec 17	1,213	1,054	76
30 Sep 17	1,219	1,023	74
30 Jun 17	1,160	961	74
31 Mar 17	1,100	898	74
31 Dec 16	1,023	843	59
30 Sep 16	945	788	44
30 Jun 16	916	796	41
31 Mar 16	887	805	39
31 Dec 15	873	811	48
30 Sep 15	860	817	57
30 Jun 15	804	779	47
31 Mar 15	749	741	36
31 Mar 14	221	553	8

Quality Earnings: APF is currently unprofitable.

Growing Profit Margin: APF is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: APF is unprofitable, and losses have increased over the past 5 years at a rate of 36.7% per year.

Accelerating Growth: Unable to compare APF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: APF is unprofitable, making it difficult to compare its past year earnings growth to the Retail REITs industry (-17.9%).

Return on Equity

High ROE: APF has a negative Return on Equity (-16.25%), as it is currently unprofitable.

Accelerate Property Fund Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

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

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

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

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

Recent updates

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

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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