Resilient REIT (JSE:RES) Operating Margin %: 57.01% (As of Dec. 2025) — Near Median


JSE:RES Resilient REIT Ltd JSE:RES
78 GF Score
Price R83.30
GF Value R64.32
Valuation Modestly Overvalued
! 12 Warning Signs
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What is Resilient REIT Operating Margin %?

Resilient REIT JSE:RES -0.94% 78 Operating Margin % is 57.01% as of Dec. 2025, which is 3% below its 10-year median of 59.06. GuruFocus rates JSE:RES with a GF Score™ of 78/100 and a GF Value™ of R64.32 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 747 REITs companies, Resilient REIT ranks better than 60.24% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Resilient REIT's Operating Income for the six months ended in Dec. 2025 was R1,139 Mil. Resilient REIT's Revenue for the six months ended in Dec. 2025 was R1,998 Mil. Therefore, Resilient REIT's Operating Margin % for the quarter that ended in Dec. 2025 was 57.01%.

Warning Sign:

Resilient REIT Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -1.3%.

The historical rank and industry rank for Resilient REIT's Operating Margin % or its related term are showing as below:

JSE:RES' s Operating Margin % Range Over the Past 10 Years
Min: 57.16   Med: 59.06   Max: 71.96
Current: 57.8


JSE:RES's Operating Margin % is ranked better than
60.24% of 747 companies
in the REITs industry
Industry Median: 52.63 vs JSE:RES: 57.80

Resilient REIT's 5-Year Average Operating Margin % Growth Rate was -1.30% per year.

Resilient REIT's Operating Income for the six months ended in Dec. 2025 was R1,139 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was R2,270 Mil.


Resilient REIT  (JSE:RES) Operating Margin % Explanation

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 Nokia’s 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.


Resilient REIT Operating Margin % Related Terms


Resilient REIT Operating Margin % Historical Data

* Premium members only.

The historical data trend for Resilient REIT'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.

Resilient REIT Operating Margin % Chart

Resilient REIT Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.19 57.16 57.33 57.73 57.80

Resilient REIT Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating 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 56.45 58.19 57.29 58.62 57.01

JSE:RES vs SPG, O, KIM: Operating Margin % Comparison

For the REIT - Retail subindustry, Resilient REIT'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.


Resilient REIT Operating Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Resilient REIT's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Resilient REIT's Operating Margin % falls into.


JSE:RES
78GF Score
Resilient REIT Ltd JSE:RES
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Resilient REIT Operating Margin % Calculation

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.

Resilient REIT's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=2269.749 / 3926.844
=57.80 %

Resilient REIT's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=1139.234 / 1998.367
=57.01 %

* 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 Margin % →
What does a Operating Margin % of 57.01% mean?
Resilient REIT (JSE:RES) has a Operating Margin % of 57.01% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Resilient REIT and its competitors. This is near median its historical median of 59.06. Over the past decade, Resilient REIT's Operating Margin % has ranged from 57.16 to 71.96. According to the industry distribution chart, Resilient REIT ranks #297 out of 747 companies in the REITs industry, placing it in the top 39.8%.
Is Resilient REIT's Operating Margin % too high?
Resilient REIT's current Operating Margin % of 57.01% is near median its 10-year median of 59.06. Over the past 10 years, this metric has ranged from a low of 57.16 to a high of 71.96. The REITs industry median Operating Margin % is 52.63. Resilient REIT's value of 57.01% is 8.3% above this industry median. Based on the distribution chart, Resilient REIT ranks #297 out of 747 companies in the REITs industry, which is above the industry midpoint. Overall, Resilient REIT has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Resilient REIT's Operating Margin % compare to SPG and O?
According to the REITs industry distribution chart, Resilient REIT ranks #297 out of 747 companies for Operating Margin %. This puts Resilient REIT in the upper half of its industry. The industry median Operating Margin % is 52.63. Resilient REIT's value of 57.01% is 8.3% above this benchmark. Historically, Resilient REIT's own Operating Margin % has ranged from 57.16 to 71.96 over the past decade. While the company's 10-year median is 59.06 vs. the industry median of 52.63, Resilient REIT 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 52.63, based on 747 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. Resilient REIT's current Operating Margin % of 57.01% is 8.3% 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 Resilient REIT and its competitors. For the REITs industry, the median Operating Margin % is 52.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Resilient REIT's current Operating Margin % is 57.01%, which is near median its own 10-year median of 59.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Resilient REIT stock overvalued right now?
Based on GuruFocus' analysis, Resilient REIT (JSE:RES) is currently considered Modestly Overvalued. The stock's GF Value™ is R64.32, compared to a current price of R83.30 — trading 29.5% above its estimated fair value. The current Operating Margin % is 57.01%, which is near median its 10-year median of 59.06 and 8.3% above the REITs industry median of 52.63. Resilient REIT's overall GF Score™ is 78/100 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 Resilient REIT (JSE:RES), the current Operating Margin % is 57.01% as of Dec. 2025. 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 Resilient REIT (JSE:RES) Overvalued in 2026?

Based on GuruFocus' analysis, Resilient REIT stock appears to be overvalued. The current stock price of R83.30 is trading 29.5% above its estimated GF Value™ of R64.32. GuruFocus considers Resilient REIT to be Modestly Overvalued.

Key valuation signals for JSE:RES:

  • Operating Margin %: 57.01% (near median its 10-year median of 59.06)
  • GF Value™: R64.32 vs. price of R83.30 (29.5% above fair value)
  • GF Score™: 78/100 with 12 warning signs
  • Industry Position: 8.3% above the REITs median (#297 of 747)

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


Resilient REIT Business Description

Industry Real EstateREITs
Address Rivonia Boulevard, 4th Floor, Rivonia Village, Rivonia, Johannesburg, GT, ZAF, 2191
Resilient REIT Ltd is a South Africa-based real estate investment trust. The company's portfolio consists of regional shopping malls tenanted by national retailers. Resilient's properties are mostly located in nonmetropolitan areas, including Limpopo, Gauteng, Mpumalanga, Northern Cape, and KwaZulu-Natal. The company operates through two segments: Corporate and Retail. The company further divides the segments geographically into South Africa, Portugal, and Nigeria with the South Africa segment generating the majority of total revenue. Resilient internally manages its assets, and outsources the property management to third-party companies.
78GF Score

Get the complete analysis for JSE:RES

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

R83.30
Price
R64.32
GF Value