INVESTEC AUSTRALIA PROPERTY FUND - Interim Results 30 September 2020

Interim Results – 30 September 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)



INTERIM RESULTS – 30 SEPTEMBER 2020


The board of directors of the Responsible Entity is pleased to announce the interim results for the six months ended
30 September 2020.

                                                30 September 2020         30 September 2019        Increase/(decrease)

 Revenue (AUD’000)                                     45,185                    47,915                   (2,730)

 Operating profit (AUD’000)                            31,676                    29,023                    2,653

 Headline earnings (AUD’000)                           25,554                    22,004                    3,550

 Earnings per unit (cents)                              6.27                      8.04                     (1.77)

 Net asset value per unit (AUD)                         1.34                      1.33                      0.01

 Distributions per unit (pre WHT) (cents)               4.39                      4.79                     (0.40)

 Distributions per unit (post WHT) (cents)              3.97                      4.37                     (0.40)



The directors of the Responsible Entity are responsible for the preparation and fair presentation of this short form
announcement and its contents.

The reviewed condensed consolidated interim financial results for the six months ended 30 September 2020 have
been reviewed by KPMG, who expressed an unmodified review conclusion. A copy of the auditor’s review report is
available for inspection at the Responsible Entity’s registered office together with the financial statements 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 at https://senspdf.jse.co.za/documents/2020/jse/isse/iap/interim20.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 interim results is available at www.iapf.com.au and at
https://www2.asx.com.au/markets/company/IAP.

Johannesburg
29 October 2020


Investment Bank and Sponsor
Investec Bank Limited

Date: 29-10-2020 07:51:00
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.