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Correction of Trading Statement for the Year Ended 31 March 2026
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
(Listed in the General Segment)
(REIT status approved)
("Accelerate" or the "Company")
CORRECTION OF TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2026
Shareholders and noteholders are referred to the announcement released on SENS on 9 July 2026
regarding inter alia the Company's trading statement for the year ended 31 March 2026. Shareholders
and noteholders are advised of the corrected trading statement below.
In terms of the JSE Listings Requirements issuers are required to publish a trading statement as soon as
they are reasonably certain that the results to be reported upon next will differ by at least 15% (for
property entities that elected distribution per share as the key performance metric for trading
statement purposes) from the most recent published results for the previous corresponding period.
Accelerate uses distribution per share as its key performance metric for trading statement purposes.
Additionally, Accelerate has undertaken to disclose distributable earnings and distributable earnings
per share for trading statement purposes to provide additional information to shareholders and
noteholders.
Shareholders and noteholders are advised that the Company has reasonable certainty that:
- Accelerate will not be declaring a distribution for the year ended 31 March 2026 (the "current
reporting period"), taking into consideration, among others, the working capital cash flow
forecast, expected working capital requirements and capital expenditure requirements. No
distribution was declared for the year ended 31 March 2025 ("FY2025").
- The distributable earnings for the current reporting period will be between R40.1 million and
R47.3 million (or between 1,96 cents and 2,31 cents on a per share basis), when compared to
the distributable loss for FY2025 of R71.3 million (or a loss of 3,97 cents on a per share basis).
The increase in distributable earnings reflects the restructuring initiatives that have been
implemented and that are currently in progress, as well as the insurance settlement payment.
The financial information on which this trading statement is based is the responsibility of the board of
directors of Accelerate and has not been reviewed or reported on by the Company's independent
external auditor.
Accelerate intends publishing its financial results for the year ended 31 March 2026 on or about
31 July 2026.
Fourways
10 July 2026
Equity and Debt Sponsor
Questco Corporate Advisory
Date: 10-07-2026 01:36:00
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