APGF (NSX) Investor Information
Australian Property Growth Fund is a stapled security fund comprising a property trust, Australian Property Growth Trust, which invests in long-term passive property investments, and a property funds management and development company, Australian Property Growth Limited, which undertakes property funds management and property development projects. The Fund was listed on the Bendigo Stock Exchange in 2004 (stock code APF) and is now listed on the National Stock Exchange of Australia (NSX).
Features of the 2010/11 financial year results include:
- Profit after tax of $3.5 million
- Net asset value per stapled security of 65 cents
- Net assets of $148.8 million
- Assets under management of approximately $1.6 billion
- Compliance with all headstock bank loan covenants
- Increase in the valuation of 12 Creek Street, Brisbane indicates the bottom of the valuation cycle has passed for quality commercial properties
- 100 of 104 apartments in Stage 1 of Pavilions Palm Beach settled and 100% of Stage 1 retail leased
Australian Property Growth Fund has a history of solid returns for investors.
We understand the importance of looking through the short-term volatility and negativity which prevails in the current market to focus on medium to long-term fundamentals. This has proved to be a critical strength in our past and will continue to be a key focus in building our future.
Investor Reports
Investor Report 2010/11
Investor Report 2009/10
Annual Reports
Financial Accounts
Distributions
Distributions to owners of the stapled securities are paid quarterly. Registration of ownership must be completed prior to the books closing (record) date - the last business day of the month at the end of each calendar quarter - to ensure entitlement to the distribution. APGF's policy is that distributions per stapled security (DPS) are based on underlying operating earnings per stapled security (EPS).
For details of the Fund’s current quarterly proposed distribution refer to NSX Announcements.
For tax purposes distribution payments are forecast to be non-taxable as they are fully tax deferred. The quarterly distribution policy is subject to review and may be changed for any reason and without notice.