Accelerate Property Fund (JSE:APF) Long-Term Capital Lease Obligation : R0.5 Mil (As of Sep. 2023)

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What is Accelerate Property Fund Long-Term Capital Lease Obligation?

Accelerate Property Fund's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was R0.5 Mil.

Accelerate Property Fund's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (R0.7 Mil) to Mar. 2023 (R0.6 Mil) and declined from Mar. 2023 (R0.6 Mil) to Sep. 2023 (R0.5 Mil).

Accelerate Property Fund's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (R116.9 Mil) to Mar. 2022 (R0.8 Mil) and declined from Mar. 2022 (R0.8 Mil) to Mar. 2023 (R0.6 Mil).

Accelerate Property Fund Long-Term Capital Lease Obligation Historical Data

The historical data trend for Accelerate Property Fund's Long-Term Capital Lease Obligation 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.

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Accelerate Property Fund Long-Term Capital Lease Obligation Chart

Accelerate Property Fund Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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136.17

116.85

0.76

0.56

Accelerate Property Fund Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															116.23	0.76	0.66	0.56	0.50

Accelerate Property Fund (JSE:APF) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Accelerate Property Fund Long-Term Capital Lease Obligation Related Terms

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Accelerate Property Fund (JSE:APF) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Accelerate Property Fund Ltd (JSE:APF) » Definitions » Long-Term Capital Lease Obligation

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Address

1st Floor, Corner Willow Avenue and Cedar Road, Cedar Square Shopping Centre, Management Office, Fourways, Johannesburg, GT, ZAF, 2055

Website

https://www.acceleratepf.co.za

Accelerate Property Fund Ltd is a retail-focused property fund. It functions through four operating segments. Office segment, which acquires, develops and leases offices. The industrial segment acquires, develops and leases warehouses and factories. The retail segment acquires, develops and leases shopping malls, community centres as well as retail centres. European single-tenant segment acquires develops and leases single-tenant space backed by long-term leases. 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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