Redefine PropertiesJSE:RDF +0.94%61 Return-on-Tangible-Equity is 12.80% as of Feb. 2026, which is 73% above its 10-year median of 7.41. GuruFocus rates JSE:RDF with a GF Score™ of 61/100 and a GF Value™ of R3.85 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 933 REITs companies, Redefine Properties ranks better than 76.21% on this metric.
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. Redefine Properties's annualized net income for the quarter that ended in Feb. 2026 was R7,206 Mil. Redefine Properties's average shareholder tangible equity for the quarter that ended in Feb. 2026 was R56,283 Mil. Therefore, Redefine Properties's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 12.80%.
The historical rank and industry rank for Redefine Properties's Return-on-Tangible-Equity or its related term are showing as below:
JSE:RDF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -37.53 Med: 7.41 Max: 19.78
Current: 11.24
During the past 13 years, Redefine Properties's highest Return-on-Tangible-Equity was 19.78%. The lowest was -37.53%. And the median was 7.41%.
JSE:RDF's Return-on-Tangible-Equity is ranked better than 76.21% of 933
companies
in the REITs industry
Industry Median: 6.26
vs JSE:RDF: 11.24
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.
Redefine Properties Return-on-Tangible-Equity Related Terms
Redefine Properties Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Redefine Properties'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.
JSE:RDF vs VICI, WPC: Return-on-Tangible-Equity Comparison
For the REIT - Diversified subindustry, Redefine Properties'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.
Redefine Properties Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Redefine Properties's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Redefine Properties'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 12.80% mean?
Redefine Properties (JSE:RDF) has a Return-on-Tangible-Equity of 12.80% 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 Redefine Properties and its competitors. This is 73% above median its historical median of 7.41. According to the industry distribution chart, Redefine Properties ranks #222 out of 933 companies in the REITs industry, placing it in the top 23.8%.
Is Redefine Properties' Return-on-Tangible-Equity too high?
Redefine Properties' current Return-on-Tangible-Equity of 12.80% is 73% above median its 10-year median of 7.41. The REITs industry median Return-on-Tangible-Equity is 6.26. Redefine Properties' value of 12.80% is 104.5% above this industry median. Based on the distribution chart, Redefine Properties ranks #222 out of 933 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Redefine 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 Redefine Properties' Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Redefine Properties ranks #222 out of 933 companies for Return-on-Tangible-Equity. This places Redefine Properties in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.26. Redefine Properties' value of 12.80% is 104.5% above this benchmark. While the company's 10-year median is 7.41 vs. the industry median of 6.26, Redefine Properties 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 Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.26, based on 933 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. Redefine Properties's current Return-on-Tangible-Equity of 12.80% is 104.5% 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 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 Redefine Properties and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Redefine Properties's current Return-on-Tangible-Equity is 12.80%, which is 73% above median its own 10-year median of 7.41. 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 R3.85, compared to a current price of R6.42 — trading 66.8% above its estimated fair value. The current Return-on-Tangible-Equity is 12.80%, which is 73% above median its 10-year median of 7.41 and 104.5% above the REITs industry median of 6.26. Redefine Properties' overall GF Score™ is 61/100 with 12 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 Redefine Properties (JSE:RDF), the current Return-on-Tangible-Equity is 12.80% 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 R6.42 is trading 66.8% above its estimated GF Value™ of R3.85.
GuruFocus considers Redefine Properties to be Significantly Overvalued.
Key valuation signals for JSE:RDF:
Return-on-Tangible-Equity: 12.80% (73% above median its 10-year median of 7.41)
GF Value™: R3.85 vs. price of R6.42 (66.8% above fair value)
Industry Position: 104.5% above the REITs median (#222 of 933)
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.
61GF Score
Get the complete analysis for JSE:RDF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:RDF has been successfully added to your 
