Accelerate Property Fund (JSE:APF) Financial Strength: 1 (As of Mar. 2026) — 50% Below 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
25 GF Score
Price R0.40
GF Value R0.31
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Accelerate Property Fund Financial Strength?

Accelerate Property Fund JSE:APF 25 Financial Strength is 1 as of Mar. 2026, which is 50% below its 10-year median of 2.00. GuruFocus rates JSE:APF with a GF Score™ of 25/100 and a GF Value™ of R0.31 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Accelerate Property Fund has the Financial Strength Rank of 1. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

Accelerate Property Fund Ltd displays poor financial strength. Usually, this is caused by too much debt for the company.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Accelerate Property Fund did not have earnings to cover the interest expense. Accelerate Property Fund's debt to revenue ratio for the quarter that ended in Mar. 2026 was 6.03. As of today, Accelerate Property Fund's Altman Z-Score is -0.44.


Accelerate Property Fund  (JSE:APF) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Accelerate Property Fund has the Financial Strength Rank of 1. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


Accelerate Property Fund Financial Strength Related Terms


JSE:APF vs SPG, O, KIM: Financial Strength Comparison

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

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

* The bar in red indicates where Accelerate Property Fund's Financial Strength falls into.


JSE:APF
25GF Score
Accelerate Property Fund Ltd JSE:APF
Financial Strength is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Accelerate Property Fund Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Accelerate Property Fund's Interest Expense for the months ended in Mar. 2026 was R-168.2 Mil. Its Operating Income for the months ended in Mar. 2026 was R-24.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R1.3 Mil.

Accelerate Property Fund's Interest Coverage for the quarter that ended in Mar. 2026 is

Accelerate Property Fund did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Accelerate Property Fund Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

2. Debt to revenue ratio. The lower, the better.

Accelerate Property Fund's Debt to Revenue Ratio for the quarter that ended in Mar. 2026 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2026 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(3002.51 + 1.333) / 497.782
=6.03

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Accelerate Property Fund has a Z-score of -0.44, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of -0.44 is in distress zone. This implies bankruptcy possibility in the next two years.

* 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 Financial Strength →
What does a Financial Strength of 1 mean?
Accelerate Property Fund (JSE:APF) has a Financial Strength of 1 as of Mar. 2026. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Accelerate Property Fund and its competitors. This is 50% below median its historical median of 2.00. Over the past decade, Accelerate Property Fund's Financial Strength has ranged from 1.00 to 5.00.
Is Accelerate Property Fund's Financial Strength too high?
Accelerate Property Fund's current Financial Strength of 1 is 50% below median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. Overall, Accelerate Property Fund has a GF Score™ of 25/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Accelerate Property Fund's Financial Strength compare to SPG and O?
Accelerate Property Fund's Financial Strength of 1 can be compared against companies in the REITs industry. Historically, Accelerate Property Fund's own Financial Strength has ranged from 1.00 to 5.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Financial Strength for a REITs company?
A good Financial Strength depends on the REITs industry context. However, Financial Strength should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Financial Strength mean?
A high Financial Strength can signal that a stock is expensive relative to its fundamentals. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Accelerate Property Fund and its competitors. Accelerate Property Fund's current Financial Strength is 1, which is 50% below median its own 10-year median of 2.00. 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 R0.31, compared to a current price of R0.40 — trading 29% above its estimated fair value. The current Financial Strength is 1, which is 50% below median its 10-year median of 2.00. Accelerate Property Fund's overall GF Score™ is 25/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Financial Strength calculated?
Financial Strength is calculated from a company's financial statements. For Accelerate Property Fund (JSE:APF), the current Financial Strength is 1 as of Mar. 2026. 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 R0.40 is trading 29% above its estimated GF Value™ of R0.31. GuruFocus considers Accelerate Property Fund to be Modestly Overvalued.

Key valuation signals for JSE:APF:

  • Financial Strength: 1 (50% below median its 10-year median of 2.00)
  • GF Value™: R0.31 vs. price of R0.40 (29% above fair value)
  • GF Score™: 25/100 with 6 warning signs

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.
25GF Score

Get the complete analysis for JSE:APF

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

R0.40
Price
R0.31
GF Value