Delta Property FundJSE:DLT 28 Interest Coverage is 1.46 as of Feb. 2026, which is 13% below its 10-year median of 1.67. GuruFocus rates JSE:DLT with a GF Score™ of 28/100 and a GF Value™ of R0.23 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 701 REITs companies, Delta Property Fund ranks worse than 80.46% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Delta Property Fund's
Operating Income
for the
six
months ended in Feb. 2026 was R283 Mil. Delta Property Fund's Interest Expense for the
six
months ended in Feb. 2026 was R-194 Mil.
Delta Property Fund's interest coverage for the quarter that ended in Feb. 2026 was 1.46.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Delta Property Fund Ltd interest coverage is 1.45, which is low.
The historical rank and industry rank for Delta Property Fund's Interest Coverage or its related term are showing as below:
JSE:DLT'
s Interest Coverage Range Over the Past 10 Years
Min: 1.24 Med: 1.67 Max: 2.4
Current: 1.45
JSE:DLT's Interest Coverage is ranked worse than 80.46% of 701
companies
in the REITs industry
Industry Median: 3.12
vs JSE:DLT: 1.45
Delta Property Fund (JSE:DLT) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Delta Property Fund Interest Coverage Related Terms
Delta Property Fund Interest Coverage Historical Data
* Premium members only.
The historical data trend for Delta Property Fund's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
JSE:DLT vs BXP, ARE, VNO: Interest Coverage Comparison
For the REIT - Office subindustry, Delta Property Fund's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Delta Property Fund's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Delta Property Fund's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (JSE:DLT) has a Interest Coverage of 1.46 as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Delta Property Fund and its competitors. This is 13% below median its historical median of 1.67. Over the past decade, Delta Property Fund's Interest Coverage has ranged from 1.24 to 2.40. According to the industry distribution chart, Delta Property Fund ranks #564 out of 701 companies in the REITs industry, placing it in the top 80.5%.
Is Delta Property Fund's Interest Coverage too high?
Delta Property Fund's current Interest Coverage of 1.46 is 13% below median its 10-year median of 1.67. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 2.40. The REITs industry median Interest Coverage is 3.12. Delta Property Fund's value of 1.46 is 53.2% below this industry median. Based on the distribution chart, Delta Property Fund ranks #564 out of 701 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Delta Property Fund has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delta Property Fund's Interest Coverage compare to BXP and ARE?
According to the REITs industry distribution chart, Delta Property Fund ranks #564 out of 701 companies for Interest Coverage. This places Delta Property Fund in the lower half of its industry. The industry median Interest Coverage is 3.12. Delta Property Fund's value of 1.46 is 53.2% below this benchmark. Historically, Delta Property Fund's own Interest Coverage has ranged from 1.24 to 2.40 over the past decade. While the company's 10-year median is 1.67 vs. the industry median of 3.12, Delta 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 Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.12, based on 701 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Delta Property Fund's current Interest Coverage of 1.46 is 53.2% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Delta Property Fund and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Property Fund's current Interest Coverage is 1.46, which is 13% below median its own 10-year median of 1.67. 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 R0.49 — trading 113% above its estimated fair value. The current Interest Coverage is 1.46, which is 13% below median its 10-year median of 1.67 and 53.2% below the REITs industry median of 3.12. Delta Property Fund's overall GF Score™ is 28/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Delta Property Fund (JSE:DLT), the current Interest Coverage is 1.46 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 R0.49 is trading 113% above its estimated GF Value™ of R0.23.
GuruFocus considers Delta Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:DLT:
Interest Coverage: 1.46 (13% below median its 10-year median of 1.67)
GF Value™: R0.23 vs. price of R0.49 (113% above fair value)
Industry Position: 53.2% below the REITs median (#564 of 701)
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 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.
28GF Score
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