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Equites Property FundJSE:EQU +0.57%79 Net Margin % is 53.45% as of Feb. 2026, which is 11% below its 10-year median of 60.19. 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 925 REITs companies, Equites Property Fund ranks better than 54.81% on this metric.
Equites Property Fund (JSE:EQU) 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.
Equites Property Fund Net Margin % Related Terms
Equites Property Fund Net Margin % Historical Data
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The historical data trend for Equites 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.
For the REIT - Industrial subindustry, Equites 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.
Equites Property Fund Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Equites Property Fund's Net Margin % distribution charts can be found below:
* The bar in red indicates where Equites Property Fund'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.
Equites Property Fund (JSE:EQU) has a Net Margin % of 53.45% as of Feb. 2026. Net margin is the ratio of total net income to net sales. View historical data on Equites Property Fund and its competitors. This is 11% below median its historical median of 60.19. According to the industry distribution chart, Equites Property Fund ranks #418 out of 925 companies in the REITs industry, placing it in the top 45.2%.
Is Equites Property Fund's Net Margin % too high?
Equites Property Fund's current Net Margin % of 53.45% is 11% below median its 10-year median of 60.19. The REITs industry median Net Margin % is 45.79. Equites Property Fund's value of 53.45% is 16.7% above this industry median. Based on the distribution chart, Equites Property Fund ranks #418 out of 925 companies in the REITs industry, which is above the industry midpoint. 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 Net Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Equites Property Fund ranks #418 out of 925 companies for Net Margin %. This puts Equites Property Fund in the upper half of its industry. The industry median Net Margin % is 45.79. Equites Property Fund's value of 53.45% is 16.7% above this benchmark. While the company's 10-year median is 60.19 vs. the industry median of 45.79, Equites Property Fund has consistently been above 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 45.79, based on 925 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. Equites Property Fund's current Net Margin % of 53.45% is 16.7% above 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 Equites Property Fund and its competitors. For the REITs industry, the median Net Margin % is 45.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equites Property Fund's current Net Margin % is 53.45%, which is 11% below median its own 10-year median of 60.19. 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 Net Margin % is 53.45%, which is 11% below median its 10-year median of 60.19 and 16.7% above the REITs industry median of 45.79. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Equites Property Fund (JSE:EQU), the current Net Margin % is 53.45% 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:
Net Margin %: 53.45% (11% below median its 10-year median of 60.19)
GF Value™: R13.45 vs. price of R17.79 (32.3% above fair value)
Industry Position: 16.7% above the REITs median (#418 of 925)
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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