Accelerate Property Fund Income Statement

Financials in millions ZAR. Fiscal year is April - March.

Millions ZAR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Rental Revenue	815.09	760.16	819.47	856.48	947.63	802.63
Total Revenue	815.09	760.16	819.47	856.48	947.63	802.63
Revenue Growth (YoY	4.68%	-7.24%	-4.32%	-9.62%	18.07%	-26.07%
Property Expenses	313.8	329.3	333.92	352.53	319.4	294.62
Selling, General & Administrative	59.97	68.99	79.78	51.82	51.26	39.25
Other Operating Expenses	537.87	534.69	0.18	-1.81	-6.85	-3.61
Total Operating Expenses	820.19	953.29	406.25	381.57	314.19	379.4
Operating Income	-5.1	-193.14	413.22	474.9	633.44	423.24
Interest Expense	-387.25	-375.46	-569.41	-400.39	-330.75	-308.01
Interest & Investment Income	103	103.44	99.9	68.15	43.97	38.06
Currency Exchange Gain (Loss)	-	-	-	7.66	-21.26	-73.55
Other Non-Operating Income	-452.99	-474.78	-29.54	64.6	76.64	-0.89
EBT Excluding Unusual Items	-742.35	-939.94	-85.83	214.92	402.04	78.85
Gain (Loss) on Sale of Assets	-	-	-6.39	-	-	-
Asset Writedown	-167.21	-274.26	-354.81	-809.18	-363.84	-588.1
Other Unusual Items	-55.44	-55.44	-177.72	-	-35.13	-178.29
Pretax Income	-965	-1,270	-624.74	-594.26	3.08	-687.53
Income Tax Expense	-	-	-	-	0.1	-
Earnings From Continuing Operations	-965	-1,270	-624.74	-594.26	2.98	-687.53
Earnings From Discontinued Operations	-	-	-	-7.08	57.63	-17.46
Net Income to Company	-965	-1,270	-624.74	-601.34	60.61	-704.99
Minority Interest in Earnings	-	-	-	-	1.38	-0.71
Net Income	-965	-1,270	-624.74	-601.34	61.98	-705.7
Net Income to Common	-965	-1,270	-624.74	-601.34	61.98	-705.7
Basic Shares Outstanding	2,045	1,709	1,296	1,150	958	954
Diluted Shares Outstanding	2,045	1,709	1,296	1,150	958	954
Shares Change (YoY)	13.90%	31.88%	12.64%	20.11%	0.36%	0.13%
EPS (Basic)	-0.47	-0.74	-0.48	-0.52	0.06	-0.74
EPS (Diluted)	-0.47	-0.74	-0.48	-0.52	0.06	-0.74
Dividend Per Share	-	-	-	-	0.220	-
Operating Margin	-0.63%	-25.41%	50.42%	55.45%	66.84%	52.73%
Profit Margin	-118.39%	-167.02%	-76.24%	-70.21%	6.54%	-87.92%
EBITDA	8.9	-177.05	424.43	483.12	641.85	431.36
EBITDA Margin	1.09%	-23.29%	51.79%	56.41%	67.73%	53.74%
D&A For Ebitda	14	16.09	11.21	8.22	8.41	8.13
EBIT	-5.1	-193.14	413.22	474.9	633.44	423.24
EBIT Margin	-0.63%	-25.41%	50.42%	55.45%	66.84%	52.73%
Funds From Operations (FFO)	68.59	-	-	138.94	-	-
Adjusted Funds From Operations (AFFO)	-	-	-	138.94	-	-
FFO Payout Ratio	-	-	-	27.46%	-	-
Effective Tax Rate	-	-	-	-	3.19%	-
Revenue as Reported	815.09	760.16	819.47	856.48	912.5	625.33

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.