BRIEF-Accelerate Property Fund Reports HY NAV Of R7,8 Bln Vs R8,0 Bln

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BRIEF-Accelerate Property Fund Reports HY NAV Of R7,8 Bln Vs R8,0 Bln
Credit: © Reuters.

Dec 4 (Reuters) - Accelerate Property Fund Ltd APFJ.J :

* JSE: APF - APF05 - UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL RESULTS

* ACCELERATE PROPERTY FUND LTD - HY REVENUE FOR PERIOD IS R564 MILLION, DOWN FROM R603 MILLION IN 2018

* ACCELERATE PROPERTY FUND LTD -HY NET ASSET VALUE R7,8 BILLION VERSUS R8,0 BILLION LAST YEAR

* ACCELERATE PROPERTY FUND - DISTRIBUTION PER SHARE FOR FY ENDING 31 MARCH 2020 IS STILL EXPECTED TO BE BETWEEN 10% AND 15% LOWER THAN PRIOR YEAR

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