Accelerate Property Fund Ltd (APF) - Net Assets

Latest as of September 2025: ZAC3.80 Billion ZAC ≈ $2.02 Million USD

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 tangible net worth ratio of Accelerate Property Fund Ltd to evaluate the tangible quality of the company's equity base.

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. See APF defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

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		 --

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
Klimasan Klima Sanayi ve Ticaret AS
IS:KLMSN
 $57.62 Million
Kraft Bank Asa
OL:KRAB
 $57.64 Million
LapWall Oyj
HE:LAPWALL
 $57.67 Million
Pluristem
TA:PSTI
 $57.67 Million
Health In Tech, Inc. Class A Common Stock
NASDAQ:HIT
 $57.61 Million
Italian-Thai Development Public Company Limited
BK:ITD
 $57.60 Million
Electra Battery Materials Corp
V:ELBM
 $57.59 Million
Air T Inc
NASDAQ:AIRT
 $57.57 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: 26.92x
  • 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 7.12x to 26.92x 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 ZAC53.00 x
2018-03-31 ZAC8.01 ZAC53.00 x
2019-03-31 ZAC8.07 ZAC53.00 x
2020-03-31 ZAC6.85 ZAC53.00 x
2021-03-31 ZAC6.58 ZAC53.00 x
2022-03-31 ZAC6.51 ZAC53.00 x
2023-03-31 ZAC4.28 ZAC53.00 x
2024-03-31 ZAC3.24 ZAC53.00 x
2025-03-31 ZAC1.97 ZAC53.00 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: $7,859,587,323
  • Average return on equity (ROE) among peers: 5.63%

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 $57.61 Million
Dipula Income Fund Ltd (DIB) $6.25 Billion 9.41% 0.62x $374.27 Million
Exemplar REITail Ltd (EXP) $5.20 Billion 13.63% 0.72x $320.88 Million
Fairvest Ltd (FTA) $7.75 Billion 1.24% 0.63x $63.00 Million
Arrowhead Properties Ltd B (FTB) $-2.69 Billion 0.00% 0.00x $751.58 Million
Hyprop (HYP) $19.29 Billion -4.21% 0.39x $1.27 Billion
Resilient Property Income Fund Ltd (RES) $3.37 Billion 4.19% 1.04x $1.48 Billion
Vukile Property Fund Ltd (VKE) $15.85 Billion 15.15% 0.47x $1.77 Billion

About Accelerate Property Fund Ltd

JSE:APF South Africa REIT - Retail
Market Cap
$57.61 Million
ZAC108.41 Billion ZAC
Market Cap Rank
#21420 Global
#164 in South Africa
Share Price
ZAC53.00
Change (1 day)
+0.00%
52-Week Range
ZAC36.00 - ZAC74.00
All Time High
ZAC385.28
Categories
Companies in South Africa REIT - Retail
About

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