Accelerate Property Fund 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, the Mustek building, the Thomas Pattullo building and Portside building on the Cape Town Foreshore as well as the majority of properties in Charles Crescent, Sandton. The fund listed on the Johannesburg Stock Exchange (share code: APF) in December 2013. It is headquartered in Fourways, Johannesburg.
Metrics to compare | APFJ | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipAPFJPeersSector | |
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P/E Ratio | −1.1x | 6.3x | 8.5x | |
PEG Ratio | −0.03 | −0.03 | 0.01 | |
Price/Book | 0.2x | 0.7x | 0.9x | |
Price / LTM Sales | 1.2x | 3.6x | 3.7x | |
Upside (Analyst Target) | - | 5.0% | 15.8% | |
Fair Value Upside | Unlock | 7.9% | 2.5% | Unlock |