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Equites Property FundJSE:EQU +0.57%79 Gross Margin % is 61.51% as of Feb. 2026, which is 27% below its 10-year median of 84.63. GuruFocus rates JSE:EQU with a GF Score™ of 79/100 and a GF Value™ of R13.45 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 670 REITs companies, Equites Property Fund ranks worse than 77.01% on this metric.
Equites Property Fund (JSE:EQU) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Equites Property Fund had a gross margin of 61.51% for the quarter that ended in Feb. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Equites Property Fund Gross Margin % Related Terms
Equites Property Fund Gross Margin % Historical Data
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The historical data trend for Equites Property Fund's Gross Margin % 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: Gross Margin % Comparison
For the REIT - Industrial subindustry, Equites Property Fund's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Equites Property Fund's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Equites Property Fund's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Equites Property Fund (JSE:EQU) has a Gross Margin % of 61.51% as of Feb. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Equites Property Fund and its competitors. This is 27% below median its historical median of 84.63. Over the past decade, Equites Property Fund's Gross Margin % has ranged from 43.38 to 88.34. According to the industry distribution chart, Equites Property Fund ranks #516 out of 670 companies in the REITs industry, placing it in the top 77%.
Is Equites Property Fund's Gross Margin % too high?
Equites Property Fund's current Gross Margin % of 61.51% is 27% below median its 10-year median of 84.63. Over the past 10 years, this metric has ranged from a low of 43.38 to a high of 88.34. The REITs industry median Gross Margin % is 69.80. Equites Property Fund's value of 61.51% is 11.9% below this industry median. Based on the distribution chart, Equites Property Fund ranks #516 out of 670 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Equites Property Fund has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equites Property Fund's Gross Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Equites Property Fund ranks #516 out of 670 companies for Gross Margin %. This places Equites Property Fund in the lower half of its industry. The industry median Gross Margin % is 69.80. Equites Property Fund's value of 61.51% is 11.9% below this benchmark. Historically, Equites Property Fund's own Gross Margin % has ranged from 43.38 to 88.34 over the past decade. While the company's 10-year median is 84.63 vs. the industry median of 69.80, Equites Property Fund 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 Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.80, based on 670 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Equites Property Fund's current Gross Margin % of 61.51% is 11.9% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Equites Property Fund and its competitors. For the REITs industry, the median Gross Margin % is 69.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equites Property Fund's current Gross Margin % is 61.51%, which is 27% below median its own 10-year median of 84.63. 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 R13.45, compared to a current price of R17.79 — trading 32.3% above its estimated fair value. The current Gross Margin % is 61.51%, which is 27% below median its 10-year median of 84.63 and 11.9% below the REITs industry median of 69.80. Equites Property Fund's overall GF Score™ is 79/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Equites Property Fund (JSE:EQU), the current Gross Margin % is 61.51% 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 R17.79 is trading 32.3% above its estimated GF Value™ of R13.45.
GuruFocus considers Equites Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EQU:
Gross Margin %: 61.51% (27% below median its 10-year median of 84.63)
GF Value™: R13.45 vs. price of R17.79 (32.3% above fair value)
Industry Position: 11.9% below the REITs median (#516 of 670)
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.
79GF Score
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