Interim Results – 30 September 2019
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 2003
Unit code: IAP
(“IAP” or “the Fund”)
INTERIM RESULTS – 30 SEPTEMBER 2019
The board of directors of Investec Property Limited, the Responsible Entity of the Fund, is pleased to announce the
interim results for the six months ended 30 September 2019.
30 September 2019 30 September 2018 Increase/(decrease)
Revenue (AUD’000) 47,915 44,980 2,935
Operating profit (AUD’000) 29,023 32,476 (3,453)
Headline earnings (AUD’000) 22,004 25,570 (3,566)
Earnings per unit (cents) 8.04 6.22 1.82
Net asset value per unit (AUD) 1.33 1.30 0.03
Distributions per unit (pre WHT) (cents) 4.79 5.05 (0.26)
Distributions per unit (post WHT) (cents) 4.37 4.65 (0.28)
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 2019 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 https://senspdf.jse.co.za/documents/2019/jse/isse/iap/Interims.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
A copy of the investor presentation in relation to the interim results is available for inspection at
30 October 2019
Investment Bank and Sponsor
Investec Bank Limited
Date: 30/10/2019 07:32:00
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