Accelerate Property Fund (JSE:APF) Pretax Margin %: 11.43% (As of Sep. 2025)


JSE:APF Accelerate Property Fund Ltd JSE:APF
30 GF Score
Price R0.53
GF Value R0.37
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Accelerate Property Fund Pretax Margin %?

Accelerate Property Fund JSE:APF 30 Pretax Margin % is 11.43% as of Sep. 2025. GuruFocus rates JSE:APF with a GF Score™ of 30/100 and a GF Value™ of R0.37 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 932 REITs companies, Accelerate Property Fund ranks worse than 96.46% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Accelerate Property Fund's Pre-Tax Income for the six months ended in Sep. 2025 was R49.2 Mil. Accelerate Property Fund's Revenue for the six months ended in Sep. 2025 was R430.0 Mil. Therefore, Accelerate Property Fund's pretax margin for the quarter that ended in Sep. 2025 was 11.43%.

The historical rank and industry rank for Accelerate Property Fund's Pretax Margin % or its related term are showing as below:

JSE:APF' s Pretax Margin % Range Over the Past 10 Years
Min: -167.02   Med: -33.92   Max: 90.78
Current: -118.39


JSE:APF's Pretax Margin % is ranked worse than
96.46% of 932 companies
in the REITs industry
Industry Median: 46.815 vs JSE:APF: -118.39

Accelerate Property Fund  (JSE:APF) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Accelerate Property Fund Pretax Margin % Related Terms


Accelerate Property Fund Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Accelerate Property Fund's Pretax Margin % 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 Pretax Margin % Chart

Accelerate Property Fund Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -85.66 0.32 -68.16 -76.16 -167.02

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
Pretax Margin % 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 -20.35 -133.56 -68.11 -263.39 11.43

JSE:APF vs SPG, O, KIM: Pretax Margin % Comparison

For the REIT - Retail subindustry, Accelerate Property Fund's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Accelerate Property Fund's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Accelerate Property Fund's Pretax Margin % falls into.


JSE:APF
30GF Score
Accelerate Property Fund Ltd JSE:APF
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Accelerate Property Fund Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Accelerate Property Fund's Pretax Margin for the fiscal year that ended in Mar. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Mar. 2025 )/Revenue (A: Mar. 2025 )
=-1269.635/760.156
=-167.02 %

Accelerate Property Fund's Pretax Margin for the quarter that ended in Sep. 2025 is calculated as

Pretax Margin=Pre-Tax Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=49.158/430.047
=11.43 %

* 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 Pretax Margin % →
What does a Pretax Margin % of 11.43% mean?
Accelerate Property Fund (JSE:APF) has a Pretax Margin % of 11.43% as of Sep. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Accelerate Property Fund and its competitors. According to the industry distribution chart, Accelerate Property Fund ranks #899 out of 932 companies in the REITs industry, placing it in the top 96.5%.
Is Accelerate Property Fund's Pretax Margin % too high?
Accelerate Property Fund's current Pretax Margin % is 11.43%. The REITs industry median Pretax Margin % is 46.82. Accelerate Property Fund's value of 11.43% is 75.6% below this industry median. Based on the distribution chart, Accelerate Property Fund ranks #899 out of 932 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Accelerate Property Fund has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Accelerate Property Fund's Pretax Margin % compare to SPG and O?
According to the REITs industry distribution chart, Accelerate Property Fund ranks #899 out of 932 companies for Pretax Margin %. This places Accelerate Property Fund in the lower half of its industry. The industry median Pretax Margin % is 46.82. Accelerate Property Fund's value of 11.43% is 75.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.82, based on 932 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Accelerate Property Fund's current Pretax Margin % of 11.43% is 75.6% below 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Accelerate Property Fund and its competitors. For the REITs industry, the median Pretax Margin % is 46.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accelerate Property Fund's current Pretax Margin % is 11.43%. 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 Significantly Overvalued. The stock's GF Value™ is R0.37, compared to a current price of R0.53 — trading 43.2% above its estimated fair value. The current Pretax Margin % is 11.43% and 75.6% below the REITs industry median of 46.82. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Accelerate Property Fund (JSE:APF), the current Pretax Margin % is 11.43% 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 R0.53 is trading 43.2% above its estimated GF Value™ of R0.37. GuruFocus considers Accelerate Property Fund to be Significantly Overvalued.

Key valuation signals for JSE:APF:

  • Pretax Margin %: 11.43%
  • GF Value™: R0.37 vs. price of R0.53 (43.2% above fair value)
  • GF Score™: 30/100 with 5 warning signs
  • Industry Position: 75.6% below the REITs median (#899 of 932)

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

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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R0.53
Price
R0.37
GF Value