Accelerate Property Fund expects a full-year distributable loss of between R70.6 m and R72 m for FY25, sharply higher than the R9.4 m loss in FY24. No distribution will be declared, consistent with last year, as management prioritises working capital and capital expenditure. The increased loss is mainly due to lower revenue, higher operating expenses and elevated interest costs, in line with the company’s prior commentary on funding constraints.
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