SAorate Real Estate (JSE:SAC) EBIT: R1,323 Mil (TTM As of Dec. 2025)


JSE:SAC SA Corporate Real Estate Ltd JSE:SAC
67 GF Score
Price R3.73
GF Value R2.36
Valuation Significantly Overvalued
! 9 Warning Signs
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What is SAorate Real Estate EBIT?

SAorate Real Estate JSE:SAC +2.75% 67 EBIT is R1,323 Mil as of Dec. 2025. GuruFocus rates JSE:SAC with a GF Score™ of 67/100 and a GF Value™ of R2.36 (Significantly Overvalued). The stock has 9 warning signs investors should review.

SAorate Real Estate's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was R555 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was R1,323 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SAorate Real Estate's annualized ROC % for the quarter that ended in Dec. 2025 was 6.15%. SAorate Real Estate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 112.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SAorate Real Estate's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.96%.


SAorate Real Estate  (JSE:SAC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

SAorate Real Estate's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=1354.234 * ( 1 - 4.93% )/( (21170.983 + 20726.935)/ 2 )
=1287.4702638/20948.959
=6.15 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=20272.845 - 736.194 - ( 472.226 - max(0, 2608.125 - 973.793+472.226))
=21170.983

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=21463.542 - 551.619 - ( 184.988 - max(0, 1725.523 - 2960.194+184.988))
=20726.935

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

SAorate Real Estate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1109.716/( ( (111.856 + max(-241.909, 0)) + (165.232 + max(1691.319, 0)) )/ 2 )
=1109.716/( ( 111.856 + 1856.551 )/ 2 )
=1109.716/984.2035
=112.75 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(429.855 + 0.755 + 70.957) - (736.194 + 0 + 7.2820000000002)
=-241.909

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(91.479 + 0.894 + 2403.298) - (551.619 + 0 + 252.733)
=1691.319

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

SAorate Real Estate's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=1322.796/19013.568
=6.96 %

* 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.


SAorate Real Estate EBIT Related Terms


SAorate Real Estate EBIT Historical Data

* Premium members only.

The historical data trend for SAorate Real Estate's EBIT 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.

SAorate Real Estate EBIT Chart

SAorate Real Estate Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,120.87 1,331.65 1,873.78 1,408.92 1,322.80

SAorate Real Estate Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT 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 1,178.56 786.01 622.91 767.94 554.86

JSE:SAC vs VICI, WPC: EBIT Comparison

For the REIT - Diversified subindustry, SAorate Real Estate's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


SAorate Real Estate EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, SAorate Real Estate's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SAorate Real Estate's EV-to-EBIT falls into.


JSE:SAC
67GF Score
SA Corporate Real Estate Ltd JSE:SAC
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SAorate Real Estate EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was R1,323 Mil.

* 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 EBIT →
What does a EBIT of R1,323 Mil mean?
SAorate Real Estate (JSE:SAC) has a EBIT of R1,323 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SAorate Real Estate.
Is SAorate Real Estate's EBIT too high?
SAorate Real Estate's current EBIT is R1,323 Mil. Overall, SAorate Real Estate has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SAorate Real Estate's EBIT compare to VICI and WPC?
SAorate Real Estate's EBIT of R1,323 Mil 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 EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SAorate Real Estate. SAorate Real Estate's current EBIT is R1,323 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAorate Real Estate stock overvalued right now?
Based on GuruFocus' analysis, SAorate Real Estate (JSE:SAC) is currently considered Significantly Overvalued. The stock's GF Value™ is R2.36, compared to a current price of R3.73 — trading 58.1% above its estimated fair value. The current EBIT is R1,323 Mil. SAorate Real Estate's overall GF Score™ is 67/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For SAorate Real Estate (JSE:SAC), the current EBIT is R1,323 Mil as of Dec. 2025. 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 SAorate Real Estate (JSE:SAC) Overvalued in 2026?

Based on GuruFocus' analysis, SAorate Real Estate stock appears to be overvalued. The current stock price of R3.73 is trading 58.1% above its estimated GF Value™ of R2.36. GuruFocus considers SAorate Real Estate to be Significantly Overvalued.

Key valuation signals for JSE:SAC:

  • EBIT: R1,323 Mil
  • GF Value™: R2.36 vs. price of R3.73 (58.1% above fair value)
  • GF Score™: 67/100 with 9 warning signs

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


SAorate Real Estate Business Description

Industry Real EstateREITs
Address Corner Lower Road and West Road South, GreenPark Corner, 16th Floor, Morningside, Johannesburg, GT, ZAF, 2196
SA Corporate Real Estate Ltd is a real estate investment trust. The company's portfolio includes mostly industrial and retail properties, with the remainder of inner-city residential and commercial assets. The properties are mainly located in the metropolitan centres of South Africa, with more than half located in Gauteng, approximately one-third in KwaZulu-Natal, and the others in Western Cape and other regions. The company's tenants consist of large national tenants, government tenants and franchisees. Its reportable segments are Retail, Industrial, Commercial, Residential, and Corporate. The company generates the maximum of its revenue from the Residential segment.
67GF Score

Get the complete analysis for JSE:SAC

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

R3.73
Price
R2.36
GF Value