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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Delta Property Fund's annualized net income for the quarter that ended in Feb. 2026 was R153 Mil. Delta Property Fund's average shareholder tangible equity for the quarter that ended in Feb. 2026 was R2,506 Mil. Therefore, Delta Property Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 6.09%.
The historical rank and industry rank for Delta Property Fund's Return-on-Tangible-Equity or its related term are showing as below:
JSE:DLT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -24.32 Med: -4.22 Max: 12.08
Current: 5.13
During the past 13 years, Delta Property Fund's highest Return-on-Tangible-Equity was 12.08%. The lowest was -24.32%. And the median was -4.22%.
JSE:DLT's Return-on-Tangible-Equity is ranked worse than 59.42% of 929
companies
in the REITs industry
Industry Median: 6.25
vs JSE:DLT: 5.13
Delta Property Fund (JSE:DLT) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Delta Property Fund Return-on-Tangible-Equity Related Terms
Delta Property Fund Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Delta Property Fund's Return-on-Tangible-Equity 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.
Delta Property Fund Return-on-Tangible-Equity Chart
JSE:DLT vs BXP, ARE, VNO: Return-on-Tangible-Equity Comparison
For the REIT - Office subindustry, Delta Property Fund's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Delta Property Fund Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Delta Property Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Delta Property Fund's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 6.09% mean?
Delta Property Fund (JSE:DLT) has a Return-on-Tangible-Equity of 6.09% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Delta Property Fund and its competitors. According to the industry distribution chart, Delta Property Fund ranks #552 out of 929 companies in the REITs industry, placing it in the top 59.4%.
Is Delta Property Fund's Return-on-Tangible-Equity too high?
Delta Property Fund's current Return-on-Tangible-Equity is 6.09%. The REITs industry median Return-on-Tangible-Equity is 6.25. Delta Property Fund's value of 6.09% is 2.6% below this industry median. Based on the distribution chart, Delta Property Fund ranks #552 out of 929 companies in the REITs industry, which is below the industry midpoint. Overall, Delta Property Fund has a GF Score™ of 22/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delta Property Fund's Return-on-Tangible-Equity compare to BXP and ARE?
According to the REITs industry distribution chart, Delta Property Fund ranks #552 out of 929 companies for Return-on-Tangible-Equity. This places Delta Property Fund in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.25. Delta Property Fund's value of 6.09% is 2.6% below this benchmark. 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-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.25, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Delta Property Fund's current Return-on-Tangible-Equity of 6.09% is 2.6% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Delta Property Fund and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Property Fund's current Return-on-Tangible-Equity is 6.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delta Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Delta Property Fund (JSE:DLT) is currently considered Significantly Overvalued. The stock's GF Value™ is R0.23, compared to a current price of R0.41 — trading 78.3% above its estimated fair value. The current Return-on-Tangible-Equity is 6.09% and 2.6% below the REITs industry median of 6.25. Delta Property Fund's overall GF Score™ is 22/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Delta Property Fund (JSE:DLT), the current Return-on-Tangible-Equity is 6.09% 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 Delta Property Fund (JSE:DLT) Overvalued in 2026?
Based on GuruFocus' analysis, Delta Property Fund stock appears to be overvalued.
The current stock price of R0.41 is trading 78.3% above its estimated GF Value™ of R0.23.
GuruFocus considers Delta Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:DLT:
Return-on-Tangible-Equity: 6.09%
GF Value™: R0.23 vs. price of R0.41 (78.3% above fair value)
Industry Position: 2.6% below the REITs median (#552 of 929)
No single metric tells the full story. See the JSE:DLT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Delta Property Fund Ltd engages in making long-term investments in rental-generating properties. The company comprises three segments, namely, Office-Sovereign, Office-Other, and Head Office. The firm generates its revenue mainly from the Office Sovereign segment. The portfolio of the company consists of large assets, single tenanted by the national government, provincial government, state-owned enterprises, and large blue-chip corporations under long leases.
22GF Score
Get the complete analysis for JSE:DLT
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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