Accelerate Property Fund (JSE:APF) Debt-to-Equity: 0.97 (As of Sep. 2025) — 24% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:APF Accelerate Property Fund Ltd JSE:APF
30 GF Score
Price R0.45
GF Value R0.36
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Accelerate Property Fund Debt-to-Equity?

Accelerate Property Fund JSE:APF 30 Debt-to-Equity is 0.97 as of Sep. 2025, which is 24% above its 10-year median of 0.78. GuruFocus rates JSE:APF with a GF Score™ of 30/100 and a GF Value™ of R0.36 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 682 REITs companies, Accelerate Property Fund ranks worse than 65.84% on this metric.

Accelerate Property Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2025 was R0.0 Mil. Accelerate Property Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2025 was R3,696.7 Mil. Accelerate Property Fund's Total Stockholders Equity for the quarter that ended in Sep. 2025 was R3,796.0 Mil. Accelerate Property Fund's debt to equity for the quarter that ended in Sep. 2025 was 0.97.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Accelerate Property Fund's Debt-to-Equity or its related term are showing as below:

JSE:APF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52   Med: 0.78   Max: 1.03
Current: 0.97

During the past 13 years, the highest Debt-to-Equity Ratio of Accelerate Property Fund was 1.03. The lowest was 0.52. And the median was 0.78.

JSE:APF's Debt-to-Equity is ranked worse than
65.84% of 682 companies
in the REITs industry
Industry Median: 0.78 vs JSE:APF: 0.97

Accelerate Property Fund  (JSE:APF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Accelerate Property Fund Debt-to-Equity Related Terms


Accelerate Property Fund Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Accelerate Property Fund's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Accelerate Property Fund Debt-to-Equity Chart

Accelerate Property Fund Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.03 0.77 0.84 0.94 1.03

Accelerate Property Fund Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.84 0.94 0.80 1.03 0.97

JSE:APF vs SPG, O, KIM: Debt-to-Equity Comparison

For the REIT - Retail subindustry, Accelerate Property Fund's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Accelerate Property Fund Debt-to-Equity vs REITs Industry

For the REITs industry and Real Estate sector, Accelerate Property Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Accelerate Property Fund's Debt-to-Equity falls into.


JSE:APF
30GF Score
Accelerate Property Fund Ltd JSE:APF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Accelerate Property Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Accelerate Property Fund's Debt to Equity Ratio for the fiscal year that ended in Mar. 2025 is calculated as

Accelerate Property Fund's Debt to Equity Ratio for the quarter that ended in Sep. 2025 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.97 mean?
Accelerate Property Fund (JSE:APF) has a Debt-to-Equity of 0.97 as of Sep. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Accelerate Property Fund and its competitors. This is 24% above median its historical median of 0.78. Over the past decade, Accelerate Property Fund's Debt-to-Equity has ranged from 0.52 to 1.03. According to the industry distribution chart, Accelerate Property Fund ranks #449 out of 682 companies in the REITs industry, placing it in the top 65.8%.
Is Accelerate Property Fund's Debt-to-Equity too high?
Accelerate Property Fund's current Debt-to-Equity of 0.97 is 24% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 1.03. The REITs industry median Debt-to-Equity is 0.78. Accelerate Property Fund's value of 0.97 is 24.4% above this industry median. Based on the distribution chart, Accelerate Property Fund ranks #449 out of 682 companies in the REITs industry, which is below the industry midpoint. Overall, Accelerate Property Fund has a GF Score™ of 30/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Accelerate Property Fund's Debt-to-Equity compare to SPG and O?
According to the REITs industry distribution chart, Accelerate Property Fund ranks #449 out of 682 companies for Debt-to-Equity. This places Accelerate Property Fund in the lower half of its industry. The industry median Debt-to-Equity is 0.78. Accelerate Property Fund's value of 0.97 is 24.4% above this benchmark. Historically, Accelerate Property Fund's own Debt-to-Equity has ranged from 0.52 to 1.03 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.78, Accelerate Property Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 682 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Accelerate Property Fund's current Debt-to-Equity of 0.97 is 24.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Accelerate Property Fund and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accelerate Property Fund's current Debt-to-Equity is 0.97, which is 24% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accelerate Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Accelerate Property Fund (JSE:APF) is currently considered Modestly Overvalued. The stock's GF Value™ is R0.36, compared to a current price of R0.45 — trading 25% above its estimated fair value. The current Debt-to-Equity is 0.97, which is 24% above median its 10-year median of 0.78 and 24.4% above the REITs industry median of 0.78. Accelerate Property Fund's overall GF Score™ is 30/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Accelerate Property Fund (JSE:APF), the current Debt-to-Equity is 0.97 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Accelerate Property Fund (JSE:APF) Overvalued in 2026?

Based on GuruFocus' analysis, Accelerate Property Fund stock appears to be overvalued. The current stock price of R0.45 is trading 25% above its estimated GF Value™ of R0.36. GuruFocus considers Accelerate Property Fund to be Modestly Overvalued.

Key valuation signals for JSE:APF:

  • Debt-to-Equity: 0.97 (24% above median its 10-year median of 0.78)
  • GF Value™: R0.36 vs. price of R0.45 (25% above fair value)
  • GF Score™: 30/100 with 5 warning signs
  • Industry Position: 24.4% above the REITs median (#449 of 682)

No single metric tells the full story. See the JSE:APF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Accelerate Property Fund Business Description

Industry Real EstateREITs
Address 1st Floor, Corner Willow Avenue and Cedar Road, Cedar Square Shopping Centre, Management Office, Fourways, Johannesburg, GT, ZAF, 2055
Accelerate Property Fund Ltd is a retail-focused property fund. It functions through three operating segments. The industrial segment acquires, develops, and leases warehouses and factories. The retail segment acquires, develops, and leases shopping malls, community centers as well as retail centers. Commercial segment acquires develops and leases offices. Out of which Retail segment is a key revenue driver. Geographically, it has a presence in South Africa, Austria, and Slovakia, out of which the majority of its revenue is generated from South Africa.
30GF Score

Get the complete analysis for JSE:APF

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R0.45
Price
R0.36
GF Value