Delta Property Fund (JSE:DLT) Book Value per Share: R3.56 (As of Feb. 2026)

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JSE:DLT Delta Property Fund Ltd JSE:DLT
18 GF Score
Price R0.42
GF Value R0.23
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Delta Property Fund Book Value per Share?

Delta Property Fund JSE:DLT +5.00% 18 Book Value per Share is R3.56 as of Feb. 2026. GuruFocus rates JSE:DLT with a GF Score™ of 18/100 and a GF Value™ of R0.23 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Delta Property Fund's book value per share for the quarter that ended in Feb. 2026 was R3.56.

During the past 12 months, Delta Property Fund's average Book Value Per Share Growth Rate was 5.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -7.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -11.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Delta Property Fund was 78.60% per year. The lowest was -17.60% per year. And the median was -10.40% per year.

Delta Property Fund's current price is R0.42. Its book value per share for the quarter that ended in Feb. 2026 was R3.56. Hence, today's PB Ratio of Delta Property Fund is 0.12.

During the past 13 years, the highest P/B Ratio of Delta Property Fund was 0.94. The lowest was 0.03. And the median was 0.09.


Delta Property Fund  (JSE:DLT) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Delta Property Fund Book Value per Share Related Terms


Delta Property Fund Book Value per Share Historical Data

* Premium members only.

The historical data trend for Delta Property Fund's Book Value per Share 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.

Delta Property Fund Book Value per Share Chart

Delta Property Fund Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.70 3.68 3.53 3.38 3.56

Delta Property Fund Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.53 3.57 3.38 3.46 3.56

JSE:DLT vs BXP, ARE, VNO: Book Value per Share Comparison

For the REIT - Office subindustry, Delta Property Fund's PB Ratio, along with its competitors' market caps and PB Ratio 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.


Delta Property Fund PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Delta Property Fund's PB Ratio distribution charts can be found below:

* The bar in red indicates where Delta Property Fund's PB Ratio falls into.


JSE:DLT
18GF Score
Delta Property Fund Ltd JSE:DLT
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Delta Property Fund Book Value per Share Calculation

Delta Property Fund's Book Value Per Share for the fiscal year that ended in Feb. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(2,544-0)/714
=3.56

Delta Property Fund's Book Value Per Share for the quarter that ended in Feb. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(2,544-0)/714
=3.56

* 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.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of R3.56 mean?
Delta Property Fund (JSE:DLT) has a Book Value per Share of R3.56 as of Feb. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Delta Property Fund and its competitors.
Is Delta Property Fund's Book Value per Share too high?
Delta Property Fund's current Book Value per Share is R3.56. Overall, Delta Property Fund has a GF Score™ of 18/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delta Property Fund's Book Value per Share compare to BXP and ARE?
Delta Property Fund's Book Value per Share of R3.56 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for a REITs company?
A good Book Value per Share depends on the REITs industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Delta Property Fund and its competitors. Delta Property Fund's current Book Value per Share is R3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delta Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Delta Property Fund (JSE:DLT) is currently considered Significantly Overvalued. The stock's GF Value™ is R0.23, compared to a current price of R0.42 — trading 82.6% above its estimated fair value. The current Book Value per Share is R3.56. Delta Property Fund's overall GF Score™ is 18/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Delta Property Fund (JSE:DLT), the current Book Value per Share is R3.56 as of Feb. 2026. 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 Delta Property Fund (JSE:DLT) Overvalued in 2026?

Based on GuruFocus' analysis, Delta Property Fund stock appears to be overvalued. The current stock price of R0.42 is trading 82.6% above its estimated GF Value™ of R0.23. GuruFocus considers Delta Property Fund to be Significantly Overvalued.

Key valuation signals for JSE:DLT:

  • Book Value per Share: R3.56
  • GF Value™: R0.23 vs. price of R0.42 (82.6% above fair value)
  • GF Score™: 18/100 with 5 warning signs

No single metric tells the full story. See the JSE:DLT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Delta Property Fund Business Description

Industry Real EstateREITs
Address 10 Muswell Road South, Building 3, Silver Stream Office Park, Bryanston, Sandton, Johannesburg, GT, ZAF, 2021
Delta Property Fund Ltd engages in making long-term investments in rental-generating properties. The company comprises three segments, namely, Office-Sovereign, Office-Other, and Head Office. The firm generates its revenue mainly from the Office Sovereign segment. The portfolio of the company consists of large assets, single tenanted by the national government, provincial government, state-owned enterprises, and large blue-chip corporations under long leases.
18GF Score

Get the complete analysis for JSE:DLT

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R0.42
Price
R0.23
GF Value