Dipula PropertiesJSE:DIB 46 Net Margin % is 35.31% as of Feb. 2026, which is 25% below its 10-year median of 47.16. GuruFocus rates JSE:DIB with a GF Score™ of 46/100 and a GF Value™ of R3.33 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 928 REITs companies, Dipula Properties ranks better than 61.96% on this metric.
The historical rank and industry rank for Dipula Properties's Net Margin % or its related term are showing as below:
JSE:DIB'
s Net Margin % Range Over the Past 10 Years
Min: 9.22 Med: 47.16 Max: 79.92
Current: 61.89
JSE:DIB's Net Margin % is ranked better than 61.96% of 928
companies
in the REITs industry
Industry Median: 45.23
vs JSE:DIB: 61.89
Dipula Properties (JSE:DIB) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Dipula Properties Net Margin % Related Terms
Dipula Properties Net Margin % Historical Data
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The historical data trend for Dipula Properties's Net 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.
For the REIT - Retail subindustry, Dipula Properties's Net Margin %, along with its competitors' market caps and Net 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.
Dipula Properties Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Dipula Properties's Net Margin % distribution charts can be found below:
* The bar in red indicates where Dipula Properties's Net 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.
Dipula Properties (JSE:DIB) has a Net Margin % of 35.31% as of Feb. 2026. Net margin is the ratio of total net income to net sales. View historical data on Dipula Properties and its competitors. This is 25% below median its historical median of 47.16. Over the past decade, Dipula Properties' Net Margin % has ranged from 9.22 to 79.92. According to the industry distribution chart, Dipula Properties ranks #353 out of 928 companies in the REITs industry, placing it in the top 38%.
Is Dipula Properties' Net Margin % too high?
Dipula Properties' current Net Margin % of 35.31% is 25% below median its 10-year median of 47.16. Over the past 10 years, this metric has ranged from a low of 9.22 to a high of 79.92. The REITs industry median Net Margin % is 45.23. Dipula Properties' value of 35.31% is 21.9% below this industry median. Based on the distribution chart, Dipula Properties ranks #353 out of 928 companies in the REITs industry, which is above the industry midpoint. Overall, Dipula Properties has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dipula Properties' Net Margin % compare to SPG and O?
According to the REITs industry distribution chart, Dipula Properties ranks #353 out of 928 companies for Net Margin %. This puts Dipula Properties in the upper half of its industry. The industry median Net Margin % is 45.23. Dipula Properties' value of 35.31% is 21.9% below this benchmark. Historically, Dipula Properties' own Net Margin % has ranged from 9.22 to 79.92 over the past decade. While the company's 10-year median is 47.16 vs. the industry median of 45.23, Dipula Properties 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 Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.23, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dipula Properties's current Net Margin % of 35.31% is 21.9% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Dipula Properties and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dipula Properties's current Net Margin % is 35.31%, which is 25% below median its own 10-year median of 47.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dipula Properties stock overvalued right now?
Based on GuruFocus' analysis, Dipula Properties (JSE:DIB) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.33, compared to a current price of R7.15 — trading 114.7% above its estimated fair value. The current Net Margin % is 35.31%, which is 25% below median its 10-year median of 47.16 and 21.9% below the REITs industry median of 45.23. Dipula Properties' overall GF Score™ is 46/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Dipula Properties (JSE:DIB), the current Net Margin % is 35.31% 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 Dipula Properties (JSE:DIB) Overvalued in 2026?
Based on GuruFocus' analysis, Dipula Properties stock appears to be overvalued.
The current stock price of R7.15 is trading 114.7% above its estimated GF Value™ of R3.33.
GuruFocus considers Dipula Properties to be Significantly Overvalued.
Key valuation signals for JSE:DIB:
Net Margin %: 35.31% (25% below median its 10-year median of 47.16)
GF Value™: R3.33 vs. price of R7.15 (114.7% above fair value)
Industry Position: 21.9% below the REITs median (#353 of 928)
No single metric tells the full story. See the JSE:DIB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dipula Properties Ltd is a South Africa-based real estate investment trust that owns a diversified property portfolio comprising defensive urban, township, and rural community retail centres. In addition to retail assets, the company also owns mid-sized industrial and logistics properties, office properties in urban areas, and affordable residential rental assets located in economically active regions across South Africa. The company's operating segments include Retail, Offices, Industrial, Land, Residential, and Corporate. The majority of its revenue is derived from the Retail segment, which represents income generated from its portfolio of shopping centres. The majority of its properties are located in Gauteng.
46GF Score
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