Redefine PropertiesJSE:RDF -0.16%61 Operating Margin % is 54.27% as of Feb. 2026, which is 2% below its 10-year median of 55.62. 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 749 REITs companies, Redefine Properties ranks better than 52.74% on this metric.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
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 Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) 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.
Redefine Properties Operating Margin % Related Terms
Redefine Properties Operating Margin % Historical Data
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The historical data trend for Redefine Properties's Operating 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.
JSE:RDF vs VICI, WPC: Operating Margin % Comparison
For the REIT - Diversified subindustry, Redefine Properties's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Redefine Properties's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Redefine Properties's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Redefine Properties's Operating Margin % for the fiscal year that ended in Aug. 2025 is calculated as
* 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 Operating Margin % of 54.27% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Redefine Properties and its competitors. This is near median its historical median of 55.62. Over the past decade, Redefine Properties' Operating Margin % has ranged from 53.06 to 63.82. According to the industry distribution chart, Redefine Properties ranks #354 out of 749 companies in the REITs industry, placing it in the top 47.3%.
Is Redefine Properties' Operating Margin % too high?
Redefine Properties' current Operating Margin % of 54.27% is near median its 10-year median of 55.62. Over the past 10 years, this metric has ranged from a low of 53.06 to a high of 63.82. The REITs industry median Operating Margin % is 52.71. Redefine Properties' value of 54.27% is 3% above this industry median. Based on the distribution chart, Redefine Properties ranks #354 out of 749 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' Operating Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Redefine Properties ranks #354 out of 749 companies for Operating Margin %. This puts Redefine Properties in the upper half of its industry. The industry median Operating Margin % is 52.71. Redefine Properties' value of 54.27% is 3% above this benchmark. Historically, Redefine Properties' own Operating Margin % has ranged from 53.06 to 63.82 over the past decade. While the company's 10-year median is 55.62 vs. the industry median of 52.71, 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 Operating Margin % for a REITs company?
The median Operating Margin % among REITs companies is 52.71, based on 749 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Redefine Properties's current Operating Margin % of 54.27% is 3% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Redefine Properties and its competitors. For the REITs industry, the median Operating Margin % is 52.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Redefine Properties's current Operating Margin % is 54.27%, which is near median its own 10-year median of 55.62. 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 Operating Margin % is 54.27%, which is near median its 10-year median of 55.62 and 3% above the REITs industry median of 52.71. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Redefine Properties (JSE:RDF), the current Operating Margin % is 54.27% 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 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:
Operating Margin %: 54.27% (near median its 10-year median of 55.62)
GF Value™: R3.92 vs. price of R6.36 (62.2% above fair value)
Industry Position: 3% above the REITs median (#354 of 749)
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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