Emira Property FundJSE:EMI -1.60%59 ROA % is 3.20% as of Mar. 2026, which is 32% below its 10-year median of 4.73. GuruFocus rates JSE:EMI with a GF Score™ of 59/100 and a GF Value™ of R8.66 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 943 REITs companies, Emira Property Fund ranks better than 62.14% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Emira Property Fund's annualizedNet Income for the quarter that ended in Mar. 2026 was R525 Mil.
Emira Property Fund's average Total Assets over the quarter that ended in Mar. 2026 was R16,424 Mil. Therefore, Emira Property Fund's annualized ROA % for the quarter that ended in Mar. 2026 was 3.20%.
The historical rank and industry rank for Emira Property Fund's ROA % or its related term are showing as below:
JSE:EMI'
s ROA % Range Over the Past 10 Years
Min: -5.12 Med: 4.73 Max: 14.62
Current: 4.38
During the past 13 years, Emira Property Fund's highest ROA % was 14.62%. The lowest was -5.12%. And the median was 4.73%.
JSE:EMI's ROA % is ranked better than 62.14% of 943
companies
in the REITs industry
Industry Median: 3.2
vs JSE:EMI: 4.38
Emira Property Fund (JSE:EMI) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Emira Property Fund ROA % Related Terms
Emira Property Fund ROA % Historical Data
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The historical data trend for Emira Property Fund's ROA % 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.
For the REIT - Diversified subindustry, Emira Property Fund's ROA %, along with its competitors' market caps and ROA % 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.
Emira Property Fund ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Emira Property Fund's ROA % distribution charts can be found below:
* The bar in red indicates where Emira Property Fund's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Emira Property Fund (JSE:EMI) has a ROA % of 3.20% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Emira Property Fund and its competitors. This is 32% below median its historical median of 4.73. According to the industry distribution chart, Emira Property Fund ranks #357 out of 943 companies in the REITs industry, placing it in the top 37.9%.
Is Emira Property Fund's ROA % too high?
Emira Property Fund's current ROA % of 3.20% is 32% below median its 10-year median of 4.73. The REITs industry median ROA % is 3.20. Emira Property Fund's value of 3.20% is 0% at this industry median. Based on the distribution chart, Emira Property Fund ranks #357 out of 943 companies in the REITs industry, which is above the industry midpoint. Overall, Emira Property Fund has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emira Property Fund's ROA % compare to VICI and WPC?
According to the REITs industry distribution chart, Emira Property Fund ranks #357 out of 943 companies for ROA %. This puts Emira Property Fund in the upper half of its industry. The industry median ROA % is 3.20. Emira Property Fund's value of 3.20% is 0% at this benchmark. While the company's 10-year median is 4.73 vs. the industry median of 3.20, Emira Property Fund has consistently been at 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.20, based on 943 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Emira Property Fund's current ROA % of 3.20% is 0% at 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Emira Property Fund and its competitors. For the REITs industry, the median ROA % is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emira Property Fund's current ROA % is 3.20%, which is 32% below median its own 10-year median of 4.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emira Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Emira Property Fund (JSE:EMI) is currently considered Significantly Overvalued. The stock's GF Value™ is R8.66, compared to a current price of R13.57 — trading 56.7% above its estimated fair value. The current ROA % is 3.20%, which is 32% below median its 10-year median of 4.73 and 0% at the REITs industry median of 3.20. Emira Property Fund's overall GF Score™ is 59/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Emira Property Fund (JSE:EMI), the current ROA % is 3.20% as of Mar. 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 Emira Property Fund (JSE:EMI) Overvalued in 2026?
Based on GuruFocus' analysis, Emira Property Fund stock appears to be overvalued.
The current stock price of R13.57 is trading 56.7% above its estimated GF Value™ of R8.66.
GuruFocus considers Emira Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EMI:
ROA %: 3.20% (32% below median its 10-year median of 4.73)
GF Value™: R8.66 vs. price of R13.57 (56.7% above fair value)
Industry Position: 0% at the REITs median (#357 of 943)
No single metric tells the full story. See the JSE:EMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential, and industrial properties. The majority of the properties are in Gauteng, with the others in the Western Cape and KwaZulu-Natal. The company operates through five segments, namely: Office; Retail; Industrial; Residential; and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties. The residential segment comprises directly held residential property, and the corporate segment comprises the South African administration activities of the Group.
59GF Score
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