To view the PDF file, sign up for a MySharenet subscription.

ACCELERATE PROPERTY FUND LIMITED - Trading statement

Release Date: 30/07/2025 16:45
Code(s): APF APF24 APF23     PDF:  
Wrap Text
Trading statement

ACCELERATE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 2005/015057/06)
JSE code: APF ISIN code: ZAE000185815
Bond company code: APFE
LEI: 378900D514788C447E45
(REIT status approved)
("Accelerate" or the "Company")


TRADING STATEMENT


In terms of paragraph 3.4(b) of the JSE Listings Requirements, companies are required to
publish a trading statement as soon as a reasonable degree of certainty exists that the financial
results to be reported upon next, being the financial results for the year ended 31 March 2025
(the "current reporting period"), will differ by at least 20% from the financial results for the
corresponding period in the prior year, being the financial results for the year ended
31 March 2024 ("FY2024" or the "comparative reporting period").

Accelerate uses distribution per share as its key performance metric for trading statement
purposes. Additionally, Accelerate has undertaken to disclose distributable earnings for
trading statement purposes to provide additional information to shareholders and
noteholders.

Shareholders and noteholders are advised that a reasonable degree of certainty exists that:
-    Accelerate will not be declaring a distribution for the current reporting period, taking
     into consideration the working capital cash flow forecast, expected working capital
     requirements and capital expenditure requirements. No distribution was declared in the
     comparative reporting period.
-    The distributable loss for the current reporting period will be between R70,6 million and
     R72,0 million, which will be between 651.06% and 665.96% higher when compared to
     the distributable loss for FY2024 of R9,4 million. The reduction is mainly attributable to
     reduced revenue following the removal of the headlease income on the related party
     transactions, increased operating expense and high interest expense.

This trading statement has not been reviewed or reported on by the Company's external
auditors.

Accelerate intends publishing its annual financial statements for the year ended 31 March 2025
on or about 4 August 2025 and its integrated annual report for the year ended 31 March 2025
on or about 18 August 2025.

Fourways
30 July 2025

Equity and Debt Sponsor
Questco Corporate Advisory

Date: 30-07-2025 04:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.