Accelerate Property Fund Ltd (APF) - Net Assets
Based on the latest financial reports, Accelerate Property Fund Ltd (APF) has net assets worth ZAC3.80 Billion ZAC (≈ $2.02 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC7.93 Billion ≈ $4.21 Million USD) and total liabilities (ZAC4.13 Billion ≈ $2.19 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Accelerate Property Fund Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC3.80 Billion |
| % of Total Assets | 47.89% |
| Annual Growth Rate | -0.3% |
| 5-Year Change | -39.34% |
| 10-Year Change | -36.74% |
| Growth Volatility | 16.55 |
Accelerate Property Fund Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Accelerate Property Fund Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Accelerate Property Fund Ltd for the complete picture of this company's asset base.
Annual Net Assets for Accelerate Property Fund Ltd (2014–2025)
The table below shows the annual net assets of Accelerate Property Fund Ltd from 2014 to 2025. For live valuation and market cap data, see market value of Accelerate Property Fund Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ZAC3.65 Billion ≈ $1.94 Million |
-22.84% |
| 2024-03-31 | ZAC4.73 Billion ≈ $2.51 Million |
-11.61% |
| 2023-03-31 | ZAC5.35 Billion ≈ $2.84 Million |
-10.00% |
| 2022-03-31 | ZAC5.95 Billion ≈ $3.16 Million |
-1.19% |
| 2021-03-31 | ZAC6.02 Billion ≈ $3.20 Million |
-11.40% |
| 2020-03-31 | ZAC6.79 Billion ≈ $3.61 Million |
-14.70% |
| 2019-03-31 | ZAC7.97 Billion ≈ $4.23 Million |
+1.32% |
| 2018-03-31 | ZAC7.86 Billion ≈ $4.18 Million |
+7.10% |
| 2017-03-31 | ZAC7.34 Billion ≈ $3.90 Million |
+27.18% |
| 2016-03-31 | ZAC5.77 Billion ≈ $3.07 Million |
+25.36% |
| 2015-03-31 | ZAC4.60 Billion ≈ $2.45 Million |
+22.06% |
| 2014-03-31 | ZAC3.77 Billion ≈ $2.00 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Accelerate Property Fund Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 363.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ZAC5.38 Billion | 147.22% |
| Total Equity | ZAC3.65 Billion | 100.00% |
Accelerate Property Fund Ltd Competitors by Market Cap
The table below lists competitors of Accelerate Property Fund Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Forian Inc
NASDAQ:FORA
|
$65.25 Million |
|
Luks Kadife Ticaret ve Sanayi AS
IS:LUKSK
|
$65.28 Million |
|
Ensurge Micropower ASA
OL:ENSU
|
$65.29 Million |
|
Me2on Co. Ltd
KQ:201490
|
$65.29 Million |
|
Cauldron Energy Ltd
AU:CXU
|
$65.18 Million |
|
Data Communications Management Ltd
TO:DCM
|
$65.18 Million |
|
Nickel 28 Capital Corp
V:NKL
|
$65.15 Million |
|
Thitikorn Public Company Limited
BK:TK
|
$65.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Accelerate Property Fund Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,731,795,000 to 3,651,271,000, a change of -1,080,524,000 (-22.8%).
- Net loss of 1,269,635,000 reduced equity.
- New share issuances of 200,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC-1.27 Billion | -34.77% |
| Share Issuances | ZAC200.00 Million | +5.48% |
| Other Changes | ZAC-10.89 Million | -0.3% |
| Total Change | ZAC- | -22.84% |
Book Value vs Market Value Analysis
This analysis compares Accelerate Property Fund Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 30.47x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 8.06x to 30.47x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | ZAC7.44 | ZAC60.00 | x |
| 2018-03-31 | ZAC8.01 | ZAC60.00 | x |
| 2019-03-31 | ZAC8.07 | ZAC60.00 | x |
| 2020-03-31 | ZAC6.85 | ZAC60.00 | x |
| 2021-03-31 | ZAC6.58 | ZAC60.00 | x |
| 2022-03-31 | ZAC6.51 | ZAC60.00 | x |
| 2023-03-31 | ZAC4.28 | ZAC60.00 | x |
| 2024-03-31 | ZAC3.24 | ZAC60.00 | x |
| 2025-03-31 | ZAC1.97 | ZAC60.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Accelerate Property Fund Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -34.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -167.02%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 2.15x
- Recent ROE (-34.77%) is below the historical average (-0.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 14.66% | 249.80% | 0.03x | 1.72x | ZAC175.61 Million |
| 2015 | 16.10% | 98.96% | 0.10x | 1.55x | ZAC280.63 Million |
| 2016 | 13.95% | 90.78% | 0.10x | 1.54x | ZAC227.84 Million |
| 2017 | 12.24% | 81.67% | 0.09x | 1.69x | ZAC164.31 Million |
| 2018 | 13.84% | 90.00% | 0.09x | 1.68x | ZAC301.08 Million |
| 2019 | 7.09% | 45.64% | 0.09x | 1.72x | ZAC-231.27 Million |
| 2020 | -13.29% | -82.89% | 0.08x | 2.00x | ZAC-1.58 Billion |
| 2021 | -11.78% | -76.28% | 0.07x | 2.10x | ZAC-1.30 Billion |
| 2022 | 1.04% | 6.54% | 0.09x | 1.86x | ZAC-532.81 Million |
| 2023 | -11.23% | -68.98% | 0.08x | 1.93x | ZAC-1.14 Billion |
| 2024 | -13.20% | -76.16% | 0.08x | 2.06x | ZAC-1.10 Billion |
| 2025 | -34.77% | -167.02% | 0.10x | 2.15x | ZAC-1.63 Billion |
Industry Comparison
This section compares Accelerate Property Fund Ltd's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $3,665,068,523
- Average return on equity (ROE) among peers: 9.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Accelerate Property Fund Ltd (APF) | ZAC3.80 Billion | 14.66% | 1.09x | $65.22 Million |
| Dipula Income Fund Ltd (DIB) | $6.25 Billion | 9.41% | 0.62x | $385.05 Million |
| Exemplar REITail Ltd (EXP) | $3.76 Billion | 9.62% | 0.63x | $3.09 Million |
| Fairvest Ltd (FTA) | $7.75 Billion | 1.24% | 0.63x | $60.33 Million |
| Arrowhead Properties Ltd B (FTB) | $-2.94 Billion | 0.00% | 0.00x | $681.59 Million |
| Hyprop (HYP) | $4.25 Billion | 8.28% | 1.23x | $1.21 Billion |
| Resilient Property Income Fund Ltd (RES) | $5.22 Billion | 19.05% | 0.91x | $1.46 Billion |
| Vukile Property Fund Ltd (VKE) | $1.38 Billion | 17.05% | 3.07x | $1.74 Billion |
About Accelerate Property Fund Ltd
Accelerate Property Fund Limited aspires to be the most valued property fund on the Johannesburg Stock Exchange by acquiring high-quality properties with long-term leases with strong tenants. The Fund owns several properties in Fourways, including Cedar Square, The Buzz, Waterford, BMW Fourways, the Leaping Frog Centre and 50% of the super-regional Fourways Mall. It also owns the Oceana Building,… Read more