Exemplar REITail (JSE:EXP) Days Payable: 92.08 (As of Feb. 2026) — 119% Above Median


JSE:EXP Exemplar REITail Ltd JSE:EXP
73 GF Score
Price R18.00
GF Value R15.65
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Exemplar REITail Days Payable?

Exemplar REITail JSE:EXP 73 Days Payable is 92.08 as of Feb. 2026, which is 119% above its 10-year median of 42.03. GuruFocus rates JSE:EXP with a GF Score™ of 73/100 and a GF Value™ of R15.65 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 550 REITs companies, Exemplar REITail ranks worse than 64.18% on this metric.

Exemplar REITail's average Accounts Payable for the six months ended in Feb. 2026 was R138 Mil. Exemplar REITail's Cost of Goods Sold for the six months ended in Feb. 2026 was R274 Mil. Hence, Exemplar REITail's Days Payable for the six months ended in Feb. 2026 was 92.08.

The historical rank and industry rank for Exemplar REITail's Days Payable or its related term are showing as below:

JSE:EXP' s Days Payable Range Over the Past 10 Years
Min: 19.41   Med: 42.03   Max: 68.22
Current: 68.22

During the past 11 years, Exemplar REITail's highest Days Payable was 68.22. The lowest was 19.41. And the median was 42.03.

JSE:EXP's Days Payable is ranked worse than
64.18% of 550 companies
in the REITs industry
Industry Median: 119.71 vs JSE:EXP: 68.22

Exemplar REITail's Days Payable declined from Feb. 2025 (104.69) to Feb. 2026 (92.08). It may suggest that Exemplar REITail accelerated paying its suppliers.


Exemplar REITail Days Payable Historical Data

* Premium members only.

The historical data trend for Exemplar REITail's Days Payable 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.

Exemplar REITail Days Payable Chart

Exemplar REITail Annual Data
Trend Feb16 Feb17 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.32 42.03 31.67 22.76 19.41

Exemplar REITail Semi-Annual Data
Feb15 Feb16 Feb17 Aug17 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Days Payable 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 109.91 106.76 104.69 93.18 92.08

JSE:EXP vs SPG, O, KIM: Days Payable Comparison

For the REIT - Retail subindustry, Exemplar REITail's Days Payable, along with its competitors' market caps and Days Payable 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.


Exemplar REITail Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, Exemplar REITail's Days Payable distribution charts can be found below:

* The bar in red indicates where Exemplar REITail's Days Payable falls into.


JSE:EXP
73GF Score
Exemplar REITail Ltd JSE:EXP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Exemplar REITail Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Exemplar REITail's Days Payable for the fiscal year that ended in Feb. 2026 is calculated as

Days Payable (A: Feb. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Feb. 2025 ) + Accounts Payable (A: Feb. 2026 )) / count ) / Cost of Goods Sold (A: Feb. 2026 )*Days in Period
=( (30.006 + 28.06) / 2 ) / 545.922*365
=29.033 / 545.922*365
=19.41

Exemplar REITail's Days Payable for the quarter that ended in Feb. 2026 is calculated as:

Days Payable (Q: Feb. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2025 ) + Accounts Payable (Q: Feb. 2026 )) / count ) / Cost of Goods Sold (Q: Feb. 2026 )*Days in Period
=( (248.044 + 28.06) / 2 ) / 273.622*365 / 2
=138.052 / 273.622*365 / 2
=92.08

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 92.08 mean?
Exemplar REITail (JSE:EXP) has a Days Payable of 92.08 as of Feb. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Exemplar REITail and its competitors. This is 119% above median its historical median of 42.03. Over the past decade, Exemplar REITail's Days Payable has ranged from 19.41 to 68.22. According to the industry distribution chart, Exemplar REITail ranks #353 out of 550 companies in the REITs industry, placing it in the top 64.2%.
Is Exemplar REITail's Days Payable too high?
Exemplar REITail's current Days Payable of 92.08 is 119% above median its 10-year median of 42.03. Over the past 10 years, this metric has ranged from a low of 19.41 to a high of 68.22. The REITs industry median Days Payable is 119.71. Exemplar REITail's value of 92.08 is 23.1% below this industry median. Based on the distribution chart, Exemplar REITail ranks #353 out of 550 companies in the REITs industry, which is below the industry midpoint. Overall, Exemplar REITail has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Exemplar REITail's Days Payable compare to SPG and O?
According to the REITs industry distribution chart, Exemplar REITail ranks #353 out of 550 companies for Days Payable. This places Exemplar REITail in the lower half of its industry. The industry median Days Payable is 119.71. Exemplar REITail's value of 92.08 is 23.1% below this benchmark. Historically, Exemplar REITail's own Days Payable has ranged from 19.41 to 68.22 over the past decade. While the company's 10-year median is 42.03 vs. the industry median of 119.71, Exemplar REITail has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a REITs company?
The median Days Payable among REITs companies is 119.71, based on 550 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Exemplar REITail's current Days Payable of 92.08 is 23.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Exemplar REITail and its competitors. For the REITs industry, the median Days Payable is 119.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exemplar REITail's current Days Payable is 92.08, which is 119% above median its own 10-year median of 42.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exemplar REITail stock overvalued right now?
Based on GuruFocus' analysis, Exemplar REITail (JSE:EXP) is currently considered Modestly Overvalued. The stock's GF Value™ is R15.65, compared to a current price of R18.00 — trading 15% above its estimated fair value. The current Days Payable is 92.08, which is 119% above median its 10-year median of 42.03 and 23.1% below the REITs industry median of 119.71. Exemplar REITail's overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Exemplar REITail (JSE:EXP), the current Days Payable is 92.08 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 Exemplar REITail (JSE:EXP) Overvalued in 2026?

Based on GuruFocus' analysis, Exemplar REITail stock appears to be overvalued. The current stock price of R18.00 is trading 15% above its estimated GF Value™ of R15.65. GuruFocus considers Exemplar REITail to be Modestly Overvalued.

Key valuation signals for JSE:EXP:

  • Days Payable: 92.08 (119% above median its 10-year median of 42.03)
  • GF Value™: R15.65 vs. price of R18.00 (15% above fair value)
  • GF Score™: 73/100 with 6 warning signs
  • Industry Position: 23.1% below the REITs median (#353 of 550)

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


Exemplar REITail Business Description

Industry Real EstateREITs
Address 204 Von Willich Avenue, Clubview, Centurion, Gauteng, ZAF, 0157
Exemplar REITail Ltd is a real estate investment trust which develops, owns and manages township and rural retail real estate. The company is the only fund in the country focused purely on retail in under-serviced areas that offers stakeholders investment opportunities. The company's retail segments based on geography consist of Gauteng, Mpumalanga, KwaZulu-Natal, Limpopo, Eastern and Western Cape.
73GF Score

Get the complete analysis for JSE:EXP

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

R18.00
Price
R15.65
GF Value