Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Accelerate Property Fund's annualized net income for the quarter that ended in Sep. 2025 was R98.3 Mil. Accelerate Property Fund's average shareholder tangible equity for the quarter that ended in Sep. 2025 was R3,723.7 Mil. Therefore, Accelerate Property Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was 2.64%.
The historical rank and industry rank for Accelerate Property Fund's Return-on-Tangible-Equity or its related term are showing as below:
JSE:APF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -30.29 Med: -4.8 Max: 15.52
Current: -23.9
During the past 13 years, Accelerate Property Fund's highest Return-on-Tangible-Equity was 15.52%. The lowest was -30.29%. And the median was -4.80%.
JSE:APF's Return-on-Tangible-Equity is ranked worse than 97.01% of 935
companies
in the REITs industry
Industry Median: 6.23
vs JSE:APF: -23.90
Accelerate Property Fund (JSE:APF) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Accelerate Property Fund Return-on-Tangible-Equity Related Terms
Accelerate Property Fund Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Accelerate Property Fund's Return-on-Tangible-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 Return-on-Tangible-Equity Chart
JSE:APF vs SPG, O, KIM: Return-on-Tangible-Equity Comparison
For the REIT - Retail subindustry, Accelerate Property Fund's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-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 Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Accelerate Property Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Accelerate Property Fund's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 2.64% mean?
Accelerate Property Fund (JSE:APF) has a Return-on-Tangible-Equity of 2.64% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Accelerate Property Fund and its competitors. According to the industry distribution chart, Accelerate Property Fund ranks #907 out of 935 companies in the REITs industry, placing it in the top 97%.
Is Accelerate Property Fund's Return-on-Tangible-Equity too high?
Accelerate Property Fund's current Return-on-Tangible-Equity is 2.64%. The REITs industry median Return-on-Tangible-Equity is 6.23. Accelerate Property Fund's value of 2.64% is 57.6% below this industry median. Based on the distribution chart, Accelerate Property Fund ranks #907 out of 935 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 Return-on-Tangible-Equity compare to SPG and O?
According to the REITs industry distribution chart, Accelerate Property Fund ranks #907 out of 935 companies for Return-on-Tangible-Equity. This places Accelerate Property Fund in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.23. Accelerate Property Fund's value of 2.64% is 57.6% 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 Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Accelerate Property Fund's current Return-on-Tangible-Equity of 2.64% is 57.6% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Accelerate Property Fund and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accelerate Property Fund's current Return-on-Tangible-Equity is 2.64%. 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 R0.50 — trading 35.1% above its estimated fair value. The current Return-on-Tangible-Equity is 2.64% and 57.6% below the REITs industry median of 6.23. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Accelerate Property Fund (JSE:APF), the current Return-on-Tangible-Equity is 2.64% 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 R0.50 is trading 35.1% above its estimated GF Value™ of R0.37.
GuruFocus considers Accelerate Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:APF:
Return-on-Tangible-Equity: 2.64%
GF Value™: R0.37 vs. price of R0.50 (35.1% above fair value)
Industry Position: 57.6% below the REITs median (#907 of 935)
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.
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