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Equites Property Fund's earnings per share without non-recurring items for the
six
months ended in Feb. 2026 was R0.54.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Feb. 2026 was R1.07.
During the past 12 months, Equites Property Fund's average earnings per share (NRI) Growth Rate was -13.80% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was -11.70% per year.
During the past 5 years, the average earnings per share (NRI) Growth Rate was 0.10% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was -2.80% 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 EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.
The historical rank and industry rank for Equites Property Fund's EPS without NRI or its related term are showing as below:
JSE:EQU'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -15.8 Med: -1.2 Max: 29.3
Current: -11.7
During the past 12 years, Equites Property Fund's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 29.30% per year. The lowest was -15.80% per year. And the median was -1.20% per year.
JSE:EQU's 3-Year EPS without NRI Growth Rate is ranked worse than 74.66% of 655
companies
in the REITs industry
Industry Median: 1.5
vs JSE:EQU: -11.70
Equites Property Fund (JSE:EQU) EPS without NRI Explanation
EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Equites Property Fund EPS without NRI Related Terms
Equites Property Fund EPS without NRI Historical Data
* Premium members only.
The historical data trend for Equites Property Fund's EPS without NRI 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.
JSE:EQU vs PLD, PSA, EXR: EPS without NRI Comparison
For the REIT - Industrial subindustry, Equites Property Fund's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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.
Equites Property Fund PE Ratio without NRI vs REITs Industry
For the REITs industry and Real Estate sector, Equites Property Fund's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Equites Property Fund's PE Ratio without NRI falls into.
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.
EPS without NRI for the trailing twelve months (TTM) ended in Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R1.07
* 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.
Equites Property Fund (JSE:EQU) has a EPS without NRI of R1.07 as of Feb. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Equites Property Fund and its competitors. According to the industry distribution chart, Equites Property Fund ranks #489 out of 655 companies in the REITs industry, placing it in the top 74.7%.
Is Equites Property Fund's EPS without NRI too high?
Equites Property Fund's current EPS without NRI is R1.07. Based on the distribution chart, Equites Property Fund ranks #489 out of 655 companies in the REITs industry, which is below the industry midpoint. Overall, Equites Property Fund has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equites Property Fund's EPS without NRI compare to PLD and PSA?
According to the REITs industry distribution chart, Equites Property Fund ranks #489 out of 655 companies for EPS without NRI. This places Equites Property Fund in the lower half of its industry. The industry median EPS without NRI is 1.50. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a REITs company?
The median EPS without NRI among REITs companies is 1.50, based on 655 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Equites Property Fund and its competitors. For the REITs industry, the median EPS without NRI is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equites Property Fund's current EPS without NRI is R1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equites Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Equites Property Fund (JSE:EQU) is currently considered Significantly Overvalued. The stock's GF Value™ is R12.23, compared to a current price of R17.62 — trading 44.1% above its estimated fair value. The current EPS without NRI is R1.07. Equites Property Fund's overall GF Score™ is 82/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Equites Property Fund (JSE:EQU), the current EPS without NRI is R1.07 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 Equites Property Fund (JSE:EQU) Overvalued in 2026?
Based on GuruFocus' analysis, Equites Property Fund stock appears to be overvalued.
The current stock price of R17.62 is trading 44.1% above its estimated GF Value™ of R12.23.
GuruFocus considers Equites Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EQU:
EPS without NRI: R1.07
GF Value™: R12.23 vs. price of R17.62 (44.1% above fair value)
No single metric tells the full story. See the JSE:EQU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equites Property Fund Ltd generates rental income from investment in and development of modern logistics facilities. Its business activities include development, acquisition of vacant land and brownfield opportunities, acquisition of tenanted property, property management, and capital management. The Group operates through three reportable segments: SA Industrial, generate maximum revenue, which incorporates all the SA industrial and logistics assets; UK Developer, which relates to the disposal of land and turnkey developments; and Other, which comprises non-property-related activities. The Group has industrial and logistics assets in the Western Cape, Eastern Cape, Gauteng, and KwaZulu-Natal, and one ongoing development site in the UK.
82GF Score
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EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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