INVESTEC AUSTRALIA PROPERTY FUND - Annual Results 31 March 2020

Annual Results – 31 March 2020

INVESTEC AUSTRALIA PROPERTY FUND
Established in Australia and registered with ASIC as a managed investment scheme (ARSN 162 067 736)
Operated by Investec Property Limited (ACN 071 514 246; AFSL 290 909) (“Responsible Entity”)
Registered as a foreign collective investment scheme in terms of the Collective Investment Schemes Control Act
No. 45 of 2002
Unit code: IAP
ISIN: AU0000046005
(“IAP” or “the Fund”)



ANNUAL RESULTS – 31 MARCH 2020


The board of the Responsible Entity, is pleased to announce the results for the year ended 31 March 2020.

                                                        31 March 2020          31 March 2019        Increase/(decrease)

 Revenue (AUD’000)                                          101,103                 89,469                11,634

 Operating profit (AUD’000)                                  66,109                 64,292                1,817

 Headline earnings (AUD’000)                                 38,762                 37,921                 841

 Earnings per unit (cents)                                   10.32                   11.09                 -0.77

 Net asset value per unit (AUD)                               1.32                   1.30                  0.02

 Distributions per unit (pre WHT) (AUD cents)                 9.09                   10.23                (1.14)

 Distributions per unit (post WHT) (AUD cents)                8.57                   9.40                 (0.83)



The directors of the Responsible Entity are responsible for the preparation and fair presentation of this short form
announcement and its contents.
The financial results for the year ended 31 March 2020 have been audited by KPMG, who expressed an unqualified
opinion. A copy of the auditor’s opinion is available for inspection at the Responsible Entity’s registered office
together with the financial statements and key audit matters identified in the auditor’s report.
This short form announcement is a summary of the information in the full announcement, and any investment
decision should be based on the full announcement. The full announcement is published on SENS and available at
www.iapf.com.au and https://senspdf.jse.co.za/documents/2020/jse/isse/iap/AR2020.pdf. In addition, the full
announcement is available for inspection at the Responsible Entity’s local representative office, at no charge, every
Monday to Friday between 08:00 – 17:00. Copies of the full announcement can also be requested via email on
iapinvestorrelations@investec.com.au.

A copy of the investor presentation in relation to the year end results is available for inspection at
https://www.asx.com.au/asx/share-price-research/company/IAP.

Johannesburg
6 May 2020


Investment Bank and Sponsor
Investec Bank Limited

Date: 06-05-2020 09:00:00
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