Delta Property Fund (JSE:DLT) Net Margin %: 13.27% (As of Feb. 2026)


JSE:DLT Delta Property Fund Ltd JSE:DLT
33 GF Score
Price R0.50
GF Value R0.23
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Delta Property Fund Net Margin %?

Delta Property Fund JSE:DLT 33 Net Margin % is 13.27% as of Feb. 2026. GuruFocus rates JSE:DLT with a GF Score™ of 33/100 and a GF Value™ of R0.23 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 928 REITs companies, Delta Property Fund ranks worse than 75.54% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Delta Property Fund's Net Income for the six months ended in Feb. 2026 was R76 Mil. Delta Property Fund's Revenue for the six months ended in Feb. 2026 was R575 Mil. Therefore, Delta Property Fund's net margin for the quarter that ended in Feb. 2026 was 13.27%.

The historical rank and industry rank for Delta Property Fund's Net Margin % or its related term are showing as below:

JSE:DLT' s Net Margin % Range Over the Past 10 Years
Min: -64.29   Med: -9.78   Max: 51.03
Current: 11.06


JSE:DLT's Net Margin % is ranked worse than
75.54% of 928 companies
in the REITs industry
Industry Median: 44.95 vs JSE:DLT: 11.06

Delta Property Fund  (JSE:DLT) 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.


Delta Property Fund Net Margin % Related Terms


Delta Property Fund Net Margin % Historical Data

* Premium members only.

The historical data trend for Delta Property Fund'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.

Delta Property Fund Net Margin % Chart

Delta Property Fund Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.44 -59.86 -5.84 -9.11 11.06

Delta Property Fund Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Net Margin % 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 -23.61 5.04 -24.00 8.85 13.27

JSE:DLT vs BXP, ARE, VNO: Net Margin % Comparison

For the REIT - Office subindustry, Delta Property Fund'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.


Delta Property Fund Net Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Delta Property Fund's Net Margin % distribution charts can be found below:

* The bar in red indicates where Delta Property Fund's Net Margin % falls into.


JSE:DLT
33GF Score
Delta Property Fund Ltd JSE:DLT
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Delta Property Fund Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Delta Property Fund's Net Margin for the fiscal year that ended in Feb. 2026 is calculated as

Net Margin=Net Income (A: Feb. 2026 )/Revenue (A: Feb. 2026 )
=127.007/1147.913
=11.06 %

Delta Property Fund's Net Margin for the quarter that ended in Feb. 2026 is calculated as

Net Margin=Net Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=76.356/575.331
=13.27 %

* 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 Net Margin % →
What does a Net Margin % of 13.27% mean?
Delta Property Fund (JSE:DLT) has a Net Margin % of 13.27% as of Feb. 2026. Net margin is the ratio of total net income to net sales. View historical data on Delta Property Fund and its competitors. According to the industry distribution chart, Delta Property Fund ranks #701 out of 928 companies in the REITs industry, placing it in the top 75.5%.
Is Delta Property Fund's Net Margin % too high?
Delta Property Fund's current Net Margin % is 13.27%. The REITs industry median Net Margin % is 44.95. Delta Property Fund's value of 13.27% is 70.5% below this industry median. Based on the distribution chart, Delta Property Fund ranks #701 out of 928 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Delta Property Fund has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delta Property Fund's Net Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Delta Property Fund ranks #701 out of 928 companies for Net Margin %. This places Delta Property Fund in the lower half of its industry. The industry median Net Margin % is 44.95. Delta Property Fund's value of 13.27% is 70.5% below this benchmark. 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 44.95, 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. Delta Property Fund's current Net Margin % of 13.27% is 70.5% 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 Delta Property Fund and its competitors. For the REITs industry, the median Net Margin % is 44.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Property Fund's current Net Margin % is 13.27%. 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 R0.50 — trading 117.4% above its estimated fair value. The current Net Margin % is 13.27% and 70.5% below the REITs industry median of 44.95. Delta Property Fund's overall GF Score™ is 33/100 with 9 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 Delta Property Fund (JSE:DLT), the current Net Margin % is 13.27% 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 R0.50 is trading 117.4% above its estimated GF Value™ of R0.23. GuruFocus considers Delta Property Fund to be Significantly Overvalued.

Key valuation signals for JSE:DLT:

  • Net Margin %: 13.27%
  • GF Value™: R0.23 vs. price of R0.50 (117.4% above fair value)
  • GF Score™: 33/100 with 9 warning signs
  • Industry Position: 70.5% below the REITs median (#701 of 928)

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 Business Description

Industry Real EstateREITs
Address 10 Muswell Road South, Building 3, Silver Stream Office Park, Bryanston, Sandton, Johannesburg, GT, ZAF, 2021
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.
33GF Score

Get the complete analysis for JSE:DLT

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

R0.50
Price
R0.23
GF Value