Exemplar REITail (JSE:EXP) Dividend Payout Ratio: 0.29 (As of Feb. 2026) — 71% Below Median

What is Exemplar REITail Dividend Payout Ratio?

Exemplar REITail JSE:EXP 73 Dividend Payout Ratio is 0.29 as of Feb. 2026, which is 71% below its 10-year median of 1.01. GuruFocus rates JSE:EXP with a GF Score™ of 73/100 and a GF Value™ of R15.65 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 718 REITs companies, Exemplar REITail ranks better than 88.86% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Exemplar REITail's Dividend Payout Ratio for the months ended in Feb. 2026 was 0.29.

The historical rank and industry rank for Exemplar REITail's Dividend Payout Ratio or its related term are showing as below:

JSE:EXP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.39 Med: 1.01 Max: 1.06
Current: 0.46

During the past 11 years, the highest Dividend Payout Ratio of Exemplar REITail was 1.06. The lowest was 0.39. And the median was 1.01.

JSE:EXP's Dividend Payout Ratio is ranked better than
88.86% of 718 companies
in the REITs industry
Industry Median: 0.99 vs JSE:EXP: 0.46

As of today (2026-06-28), the Dividend Yield % of Exemplar REITail is 9.83%.

During the past 11 years, the highest Trailing Annual Dividend Yield of Exemplar REITail was 14.10%. The lowest was 6.98%. And the median was 9.83%.

Exemplar REITail's Dividends per Share for the months ended in Feb. 2026 was R0.85.

During the past 12 months, Exemplar REITail's average Dividends Per Share Growth Rate was 16.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 14.40% per year.

During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of Exemplar REITail was 17.70% per year. The lowest was 6.00% per year. And the median was 16.40% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Exemplar REITail (JSE:EXP) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Exemplar REITail Dividend Payout Ratio Related Terms

Exemplar REITail Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Exemplar REITail's Dividend Payout Ratio 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.

Exemplar REITail Dividend Payout Ratio Chart

Exemplar REITail Annual Data

Trend

Feb16

Feb17

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

Dividend Payout Ratio

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0.75

1.01

0.00

0.39

Exemplar REITail Semi-Annual Data
	Feb15	Feb16	Feb17	Aug17	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25	Aug25	Feb26
Dividend Payout Ratio	Get a 7-Day Free Trial														0.00	1.23	0.00	1.16	0.29

JSE:EXP vs SPG, O, KIM: Dividend Payout Ratio Comparison

For the REIT - Retail subindustry, Exemplar REITail's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

Exemplar REITail Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Exemplar REITail's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Exemplar REITail's Dividend Payout Ratio falls into.

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73GF Score

Exemplar REITail Ltd JSE:EXP

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Exemplar REITail Dividend Payout Ratio Calculation

Exemplar REITail's Dividend Payout Ratio for the fiscal year that ended in Feb. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Feb. 2026 )	/	EPS without NRI (A: Feb. 2026 )
	=	1.681	/	4.287
	=	0.39

Exemplar REITail's Dividend Payout Ratio for the quarter that ended in Feb. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Feb. 2026 )	/	EPS without NRI (Q: Feb. 2026 )
	=	0.849	/	2.954
	=	0.29

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.29 mean?

Exemplar REITail (JSE:EXP) has a Dividend Payout Ratio of 0.29 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Exemplar REITail and its competitors. This is 71% below median its historical median of 1.01. Over the past decade, Exemplar REITail's Dividend Payout Ratio has ranged from 0.39 to 1.06. According to the industry distribution chart, Exemplar REITail ranks #80 out of 718 companies in the REITs industry, placing it in the top 11.1%.

Is Exemplar REITail's Dividend Payout Ratio too high?

Exemplar REITail's current Dividend Payout Ratio of 0.29 is 71% below median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.06. The REITs industry median Dividend Payout Ratio is 0.99. Exemplar REITail's value of 0.29 is 70.7% below this industry median. Based on the distribution chart, Exemplar REITail ranks #80 out of 718 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Exemplar REITail has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Exemplar REITail's Dividend Payout Ratio compare to SPG and O?

According to the REITs industry distribution chart, Exemplar REITail ranks #80 out of 718 companies for Dividend Payout Ratio. This places Exemplar REITail in the top 11% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.99. Exemplar REITail's value of 0.29 is 70.7% below this benchmark. Historically, Exemplar REITail's own Dividend Payout Ratio has ranged from 0.39 to 1.06 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 0.99, Exemplar REITail has consistently been below 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 Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 718 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Exemplar REITail's current Dividend Payout Ratio of 0.29 is 70.7% below 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Exemplar REITail and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exemplar REITail's current Dividend Payout Ratio is 0.29, which is 71% below median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Exemplar REITail stock overvalued right now?

Based on GuruFocus' analysis, Exemplar REITail (JSE:EXP) is currently considered Modestly Overvalued. The stock's GF Value™ is R15.65, compared to a current price of R18.00 — trading 15% above its estimated fair value. The current Dividend Payout Ratio is 0.29, which is 71% below median its 10-year median of 1.01 and 70.7% below the REITs industry median of 0.99. Exemplar REITail's overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Exemplar REITail (JSE:EXP), the current Dividend Payout Ratio is 0.29 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 Exemplar REITail (JSE:EXP) Overvalued in 2026?

Based on GuruFocus' analysis, Exemplar REITail stock appears to be overvalued. The current stock price of R18.00 is trading 15% above its estimated GF Value™ of R15.65. GuruFocus considers Exemplar REITail to be Modestly Overvalued.

Key valuation signals for JSE:EXP:

Dividend Payout Ratio: 0.29 (71% below median its 10-year median of 1.01)
GF Value™: R15.65 vs. price of R18.00 (15% above fair value)
GF Score™: 73/100 with 6 warning signs
Industry Position: 70.7% below the REITs median (#80 of 718)

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

Exemplar REITail Business Description

Industry Real Estate REITs

Comparable Companies JSE:DIB JSE:APF JSE:FTA JSE:HYP JSE:RES SPG O XPAR:URW KIM ASX:SCG REG SGX:C38U HKSE:00823 XPAR:LI FRT BRX ADC NNN ASX:VCX TSX:CHP.UN

Address 204 Von Willich Avenue, Clubview, Centurion, Gauteng, ZAF, 0157

Website https://www.exemplarreit.co.za

Exemplar REITail Ltd is a real estate investment trust which develops, owns and manages township and rural retail real estate. The company is the only fund in the country focused purely on retail in under-serviced areas that offers stakeholders investment opportunities. The company's retail segments based on geography consist of Gauteng, Mpumalanga, KwaZulu-Natal, Limpopo, Eastern and Western Cape.

73GF Score

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

R18.00

Price

R15.65

GF Value

View JSE:EXP Analysis

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