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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Accelerate Property Fund's retained earnings for the quarter that ended in Sep. 2025 was R-1,675.0 Mil.
Accelerate Property Fund's quarterly retained earnings
declined
from Sep. 2024 (R-710.0 Mil) to Mar. 2025 (R-1,724.1 Mil) but then
increased
from Mar. 2025 (R-1,724.1 Mil) to Sep. 2025 (R-1,675.0 Mil).
Accelerate Property Fund's annual retained earnings
declined
from Mar. 2023 (R170.3 Mil) to Mar. 2024 (R-454.5 Mil) and
declined
from Mar. 2024 (R-454.5 Mil) to Mar. 2025 (R-1,724.1 Mil).
Accelerate Property Fund (JSE:APF) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Accelerate Property Fund Retained Earnings Historical Data
* 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 Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of R-1,675.0 Mil mean?
Accelerate Property Fund (JSE:APF) has a Retained Earnings of R-1,675.0 Mil as of Sep. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Accelerate Property Fund and its competitors.
Is Accelerate Property Fund's Retained Earnings too high?
Accelerate Property Fund's current Retained Earnings is R-1,675.0 Mil. Overall, Accelerate Property Fund has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Accelerate Property Fund's Retained Earnings compare to SPG and O?
Accelerate Property Fund's Retained Earnings of R-1,675.0 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a REITs company?
A good Retained Earnings depends on the REITs industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Accelerate Property Fund and its competitors. Accelerate Property Fund's current Retained Earnings is R-1,675.0 Mil. 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 R0.36, compared to a current price of R0.47 — trading 30.6% above its estimated fair value. The current Retained Earnings is R-1,675.0 Mil. Accelerate Property Fund's overall GF Score™ is 32/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Accelerate Property Fund (JSE:APF), the current Retained Earnings is R-1,675.0 Mil 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 R0.47 is trading 30.6% above its estimated GF Value™ of R0.36.
GuruFocus considers Accelerate Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:APF:
Retained Earnings: R-1,675.0 Mil
GF Value™: R0.36 vs. price of R0.47 (30.6% above fair value)
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 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.
32GF Score
Get the complete analysis for JSE:APF
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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