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Growthpoint PropertiesJSE:GRT -0.62%61 Return-on-Tangible-Asset is 3.16% as of Dec. 2025, which is 22% below its 10-year median of 4.03. GuruFocus rates JSE:GRT with a GF Score™ of 61/100 and a GF Value™ of R13.01 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 928 REITs companies, Growthpoint Properties ranks better than 51.83% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Growthpoint Properties's annualizedNet Income for the quarter that ended in Dec. 2025 was R4,820 Mil. Growthpoint Properties's average total tangible assets for the quarter that ended in Dec. 2025 was R152,326 Mil. Therefore, Growthpoint Properties's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.16%.
The historical rank and industry rank for Growthpoint Properties's Return-on-Tangible-Asset or its related term are showing as below:
JSE:GRT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.46 Med: 4.03 Max: 6.26
Current: 3.39
During the past 13 years, Growthpoint Properties's highest Return-on-Tangible-Asset was 6.26%. The lowest was -4.46%. And the median was 4.03%.
JSE:GRT's Return-on-Tangible-Asset is ranked better than 51.83% of 928
companies
in the REITs industry
Industry Median: 3.285
vs JSE:GRT: 3.39
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Growthpoint Properties Return-on-Tangible-Asset Related Terms
Growthpoint Properties Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Growthpoint Properties's Return-on-Tangible-Asset 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:GRT vs VICI, WPC: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Growthpoint Properties's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Growthpoint Properties Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Growthpoint Properties's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Growthpoint Properties's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 3.16% mean?
Growthpoint Properties (JSE:GRT) has a Return-on-Tangible-Asset of 3.16% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Growthpoint Properties and its competitors. This is 22% below median its historical median of 4.03. According to the industry distribution chart, Growthpoint Properties ranks #447 out of 928 companies in the REITs industry, placing it in the top 48.2%.
Is Growthpoint Properties' Return-on-Tangible-Asset too high?
Growthpoint Properties' current Return-on-Tangible-Asset of 3.16% is 22% below median its 10-year median of 4.03. The REITs industry median Return-on-Tangible-Asset is 3.29. Growthpoint Properties' value of 3.16% is 3.8% below this industry median. Based on the distribution chart, Growthpoint Properties ranks #447 out of 928 companies in the REITs industry, which is above the industry midpoint. Overall, Growthpoint 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 Growthpoint Properties' Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Growthpoint Properties ranks #447 out of 928 companies for Return-on-Tangible-Asset. This puts Growthpoint Properties in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.29. Growthpoint Properties' value of 3.16% is 3.8% below this benchmark. While the company's 10-year median is 4.03 vs. the industry median of 3.29, Growthpoint Properties 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.29, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Growthpoint Properties's current Return-on-Tangible-Asset of 3.16% is 3.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Growthpoint Properties and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Growthpoint Properties's current Return-on-Tangible-Asset is 3.16%, which is 22% below median its own 10-year median of 4.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Growthpoint Properties stock overvalued right now?
Based on GuruFocus' analysis, Growthpoint Properties (JSE:GRT) is currently considered Significantly Overvalued. The stock's GF Value™ is R13.01, compared to a current price of R17.56 — trading 35% above its estimated fair value. The current Return-on-Tangible-Asset is 3.16%, which is 22% below median its 10-year median of 4.03 and 3.8% below the REITs industry median of 3.29. Growthpoint Properties' overall GF Score™ is 61/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Growthpoint Properties (JSE:GRT), the current Return-on-Tangible-Asset is 3.16% 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 Growthpoint Properties (JSE:GRT) Overvalued in 2026?
Based on GuruFocus' analysis, Growthpoint Properties stock appears to be overvalued.
The current stock price of R17.56 is trading 35% above its estimated GF Value™ of R13.01.
GuruFocus considers Growthpoint Properties to be Significantly Overvalued.
Key valuation signals for JSE:GRT:
Return-on-Tangible-Asset: 3.16% (22% below median its 10-year median of 4.03)
GF Value™: R13.01 vs. price of R17.56 (35% above fair value)
Industry Position: 3.8% below the REITs median (#447 of 928)
No single metric tells the full story. See the JSE:GRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Growthpoint Properties Ltd is an international property company mainly engaged in owning and managing property assets in South Africa, Eastern Europe, Australia, and the UK. Its portfolio comprises various kinds of properties such as office parks, office warehouses, motor outlets, logistics and industrial parks, shopping centres, etc. The group's operating segments are Retail, Office, Logistics and Industrial, Trading and Development, V&A Waterfront, GHPH, GSAH, Lango, GOZ, and GWI. Maximum revenue is generated from its Retail segment, which includes income generated from a portfolio of properties, comprising shopping centres, with the balance being standalone, single-tenanted properties. It includes regional, community, neighbourhood, retail warehouses and speciality centres.
61GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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