Redefine PropertiesJSE:RDF -0.16%61 Net Margin % is 64.41% as of Feb. 2026, which is 69% above its 10-year median of 38.09. GuruFocus rates JSE:RDF with a GF Score™ of 61/100 and a GF Value™ of R3.92 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 928 REITs companies, Redefine Properties ranks better than 57.87% on this metric.
The historical rank and industry rank for Redefine Properties's Net Margin % or its related term are showing as below:
JSE:RDF'
s Net Margin % Range Over the Past 10 Years
Min: -196.64 Med: 38.09 Max: 105.42
Current: 55.64
JSE:RDF's Net Margin % is ranked better than 57.87% of 928
companies
in the REITs industry
Industry Median: 45.23
vs JSE:RDF: 55.64
Redefine Properties (JSE:RDF) 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.
Redefine Properties Net Margin % Related Terms
Redefine Properties Net Margin % Historical Data
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The historical data trend for Redefine 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 - Diversified subindustry, Redefine 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.
Redefine Properties Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Redefine Properties's Net Margin % distribution charts can be found below:
* The bar in red indicates where Redefine 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.
Redefine Properties (JSE:RDF) has a Net Margin % of 64.41% as of Feb. 2026. Net margin is the ratio of total net income to net sales. View historical data on Redefine Properties and its competitors. This is 69% above median its historical median of 38.09. According to the industry distribution chart, Redefine Properties ranks #391 out of 928 companies in the REITs industry, placing it in the top 42.1%.
Is Redefine Properties' Net Margin % too high?
Redefine Properties' current Net Margin % of 64.41% is 69% above median its 10-year median of 38.09. The REITs industry median Net Margin % is 45.23. Redefine Properties' value of 64.41% is 42.4% above this industry median. Based on the distribution chart, Redefine Properties ranks #391 out of 928 companies in the REITs industry, which is above the industry midpoint. Overall, Redefine Properties has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Redefine Properties' Net Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Redefine Properties ranks #391 out of 928 companies for Net Margin %. This puts Redefine Properties in the upper half of its industry. The industry median Net Margin % is 45.23. Redefine Properties' value of 64.41% is 42.4% above this benchmark. While the company's 10-year median is 38.09 vs. the industry median of 45.23, Redefine Properties 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 45.23, 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. Redefine Properties's current Net Margin % of 64.41% is 42.4% 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 Redefine 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. Redefine Properties's current Net Margin % is 64.41%, which is 69% above median its own 10-year median of 38.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Redefine Properties stock overvalued right now?
Based on GuruFocus' analysis, Redefine Properties (JSE:RDF) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.92, compared to a current price of R6.36 — trading 62.2% above its estimated fair value. The current Net Margin % is 64.41%, which is 69% above median its 10-year median of 38.09 and 42.4% above the REITs industry median of 45.23. Redefine Properties' overall GF Score™ is 61/100 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 Redefine Properties (JSE:RDF), the current Net Margin % is 64.41% 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 Redefine Properties (JSE:RDF) Overvalued in 2026?
Based on GuruFocus' analysis, Redefine Properties stock appears to be overvalued.
The current stock price of R6.36 is trading 62.2% above its estimated GF Value™ of R3.92.
GuruFocus considers Redefine Properties to be Significantly Overvalued.
Key valuation signals for JSE:RDF:
Net Margin %: 64.41% (69% above median its 10-year median of 38.09)
GF Value™: R3.92 vs. price of R6.36 (62.2% above fair value)
Industry Position: 42.4% above the REITs median (#391 of 928)
No single metric tells the full story. See the JSE:RDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Redefine Properties Ltd is a South African real estate investment trust involved in the ownership of office, retail, and industrial properties. The vast majority of Redefine's real estate portfolio is located in South Africa and Poland. Within South Africa, over half of the Company's properties by total value are situated in the province of Gauteng. The Group comprises the South Africa portfolio segment, including office, retail, industrial, specialised, and head office. Its international portfolio includes EPP, which is mainly retail; Redefine Europe, which is mainly industrial; Self Storage Investments, which is mainly self-storage; and Lango Real Estate, which represents the head office, along with head office funding related to international investments.
61GF Score
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