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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Redefine Properties's retained earnings for the quarter that ended in Feb. 2026 was R813 Mil.
Redefine Properties's quarterly retained earnings
increased
from Feb. 2025 (R-2,196 Mil) to Aug. 2025 (R-1,051 Mil) and
increased
from Aug. 2025 (R-1,051 Mil) to Feb. 2026 (R813 Mil).
Redefine Properties's annual retained earnings
increased
from Aug. 2023 (R-3,408 Mil) to Aug. 2024 (R-2,266 Mil) and
increased
from Aug. 2024 (R-2,266 Mil) to Aug. 2025 (R-1,051 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Redefine Properties Retained Earnings Historical Data
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The historical data trend for Redefine Properties's Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Redefine Properties (JSE:RDF) has a Retained Earnings of R813 Mil as of Feb. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Redefine Properties and its competitors.
Is Redefine Properties' Retained Earnings too high?
Redefine Properties' current Retained Earnings is R813 Mil. Overall, Redefine Properties has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Redefine Properties' Retained Earnings compare to VICI and WPC?
Redefine Properties' Retained Earnings of R813 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 Retained Earnings for a REITs company?
A good Retained Earnings depends on the REITs industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Redefine Properties and its competitors. Redefine Properties's current Retained Earnings is R813 Mil. 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 R3.80, compared to a current price of R6.45 — trading 69.7% above its estimated fair value. The current Retained Earnings is R813 Mil. Redefine Properties' overall GF Score™ is 55/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Redefine Properties (JSE:RDF), the current Retained Earnings is R813 Mil 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 R6.45 is trading 69.7% above its estimated GF Value™ of R3.80.
GuruFocus considers Redefine Properties to be Significantly Overvalued.
Key valuation signals for JSE:RDF:
Retained Earnings: R813 Mil
GF Value™: R3.80 vs. price of R6.45 (69.7% above fair value)
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.
55GF Score
Get the complete analysis for JSE:RDF
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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