Oasis Crescent Property Fund (JSE:OAS) Operating Income: R80.4 Mil (TTM As of Mar. 2026)

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JSE:OAS Oasis Crescent Property Fund JSE:OAS
74 GF Score
Price R28.70
GF Value R24.08
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Oasis Crescent Property Fund Operating Income?

Oasis Crescent Property Fund JSE:OAS +1.56% 74 Operating Income is R80.4 Mil as of Mar. 2026. GuruFocus rates JSE:OAS with a GF Score™ of 74/100 and a GF Value™ of R24.08 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Oasis Crescent Property Fund's Operating Income for the six months ended in Mar. 2026 was R38.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was R80.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Oasis Crescent Property Fund's Operating Income for the six months ended in Mar. 2026 was R38.9 Mil. Oasis Crescent Property Fund's Revenue for the six months ended in Mar. 2026 was R73.3 Mil. Therefore, Oasis Crescent Property Fund's Operating Margin % for the quarter that ended in Mar. 2026 was 53.14%.

Oasis Crescent Property Fund's 5-Year average Growth Rate for Operating Margin % was -0.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Oasis Crescent Property Fund's annualized ROC % for the quarter that ended in Mar. 2026 was 4.63%. Oasis Crescent Property Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5,828.08%.


Oasis Crescent Property Fund  (JSE:OAS) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Oasis Crescent Property Fund's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=77.866 * ( 1 - 0% )/( (1680.509 + 1679.45)/ 2 )
=77.866/1679.9795
=4.63 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1911.729 - 67.279 - ( 213.905 - max(0, 68.758 - 232.699+213.905))
=1680.509

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1966.748 - 66.585 - ( 220.713 - max(0, 69.375 - 298.078+220.713))
=1679.45

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Oasis Crescent Property Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=152.55/( ( (0.77 + max(-62.528, 0)) + (0.746 + max(3.719, 0)) )/ 2 )
=152.55/( ( 0.77 + 4.465 )/ 2 )
=152.55/2.6175
=5,828.08 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.094 + 0 + 0) - (67.279 + 0 + 0.343)
=-62.528

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.148 + 0 + 66.674) - (66.585 + 0 + 2.518)
=3.719

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Oasis Crescent Property Fund's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=38.933/73.27
=53.14 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Oasis Crescent Property Fund Operating Income Related Terms


Oasis Crescent Property Fund Operating Income Historical Data

* Premium members only.

The historical data trend for Oasis Crescent Property Fund's Operating Income 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.

Oasis Crescent Property Fund Operating Income Chart

Oasis Crescent Property Fund Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.23 67.01 74.78 78.34 80.38

Oasis Crescent Property Fund Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating Income 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 38.98 39.59 38.75 41.45 38.93
JSE:OAS
74GF Score
Oasis Crescent Property Fund JSE:OAS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Oasis Crescent Property Fund Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R80.4 Mil.

* 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 Operating Income →
What does a Operating Income of R80.4 Mil mean?
Oasis Crescent Property Fund (JSE:OAS) has a Operating Income of R80.4 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Oasis Crescent Property Fund and its competitors.
Is Oasis Crescent Property Fund's Operating Income too high?
Oasis Crescent Property Fund's current Operating Income is R80.4 Mil. Overall, Oasis Crescent Property Fund has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oasis Crescent Property Fund's Operating Income compare to VICI and WPC?
Oasis Crescent Property Fund's Operating Income of R80.4 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a REITs company?
A good Operating Income depends on the REITs industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Oasis Crescent Property Fund and its competitors. Oasis Crescent Property Fund's current Operating Income is R80.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oasis Crescent Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Oasis Crescent Property Fund (JSE:OAS) is currently considered Modestly Overvalued. The stock's GF Value™ is R24.08, compared to a current price of R28.70 — trading 19.2% above its estimated fair value. The current Operating Income is R80.4 Mil. Oasis Crescent Property Fund's overall GF Score™ is 74/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Oasis Crescent Property Fund (JSE:OAS), the current Operating Income is R80.4 Mil as of Mar. 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 Oasis Crescent Property Fund (JSE:OAS) Overvalued in 2026?

Based on GuruFocus' analysis, Oasis Crescent Property Fund stock appears to be overvalued. The current stock price of R28.70 is trading 19.2% above its estimated GF Value™ of R24.08. GuruFocus considers Oasis Crescent Property Fund to be Modestly Overvalued.

Key valuation signals for JSE:OAS:

  • Operating Income: R80.4 Mil
  • GF Value™: R24.08 vs. price of R28.70 (19.2% above fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the JSE:OAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Oasis Crescent Property Fund Business Description

Industry Real EstateREITs
Address 96 Upper Roodebloem Road, Oasis House, University Estate, Cape Town, WC, ZAF, 7925
Oasis Crescent Property Fund is a closed-ended REIT property fund established to provide sustainable income and real returns to investors by investing in shares of companies, collective investment schemes, and real estate investment trusts. The Fund operates in the following primary business segments such as Office - comprising office buildings and office parking, Industrial - industrial buildings such as warehouses and factories, Retail - comprising retail outlets, Investments - comprising financial assets at fair value through profit or loss, other financial assets at fair value through profit or loss, other short-term financial assets at fair value through profit or loss, other receivables and cash and cash equivalents.
74GF Score

Get the complete analysis for JSE:OAS

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

R28.70
Price
R24.08
GF Value