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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Equites Property FundJSE:EQU +0.57%77 ROA % is 5.04% as of Feb. 2026, which is 2% below its 10-year median of 5.12. GuruFocus rates JSE:EQU with a GF Score™ of 77/100 and a GF Value™ of R13.45 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 933 REITs companies, Equites Property Fund ranks better than 68.92% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Equites Property Fund's annualizedNet Income for the quarter that ended in Feb. 2026 was R1,585 Mil.
Equites Property Fund's average Total Assets over the quarter that ended in Feb. 2026 was R31,424 Mil. Therefore, Equites Property Fund's annualized ROA % for the quarter that ended in Feb. 2026 was 5.04%.
The historical rank and industry rank for Equites Property Fund's ROA % or its related term are showing as below:
JSE:EQU'
s ROA % Range Over the Past 10 Years
Min: -2.27 Med: 5.12 Max: 14.61
Current: 5.24
During the past 12 years, Equites Property Fund's highest ROA % was 14.61%. The lowest was -2.27%. And the median was 5.12%.
JSE:EQU's ROA % is ranked better than 68.92% of 933
companies
in the REITs industry
Industry Median: 3.23
vs JSE:EQU: 5.24
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 (Feb. 2026) net income data. The Revenue data used here is two times the semi-annual (Feb. 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.
* 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 - Industrial subindustry, Equites 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.
Equites Property Fund ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Equites Property Fund's ROA % distribution charts can be found below:
* The bar in red indicates where Equites 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 (Feb. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Equites Property Fund (JSE:EQU) has a ROA % of 5.04% as of Feb. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Equites Property Fund and its competitors. This is near median its historical median of 5.12. According to the industry distribution chart, Equites Property Fund ranks #290 out of 933 companies in the REITs industry, placing it in the top 31.1%.
Is Equites Property Fund's ROA % too high?
Equites Property Fund's current ROA % of 5.04% is near median its 10-year median of 5.12. The REITs industry median ROA % is 3.23. Equites Property Fund's value of 5.04% is 56% above this industry median. Based on the distribution chart, Equites Property Fund ranks #290 out of 933 companies in the REITs industry, which is above the industry midpoint. Overall, Equites Property Fund has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equites Property Fund's ROA % compare to PLD and PSA?
According to the REITs industry distribution chart, Equites Property Fund ranks #290 out of 933 companies for ROA %. This puts Equites Property Fund in the upper half of its industry. The industry median ROA % is 3.23. Equites Property Fund's value of 5.04% is 56% above this benchmark. While the company's 10-year median is 5.12 vs. the industry median of 3.23, Equites Property Fund 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.23, based on 933 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. Equites Property Fund's current ROA % of 5.04% is 56% 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 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 Equites Property Fund and its competitors. For the REITs industry, the median ROA % is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equites Property Fund's current ROA % is 5.04%, which is near median its own 10-year median of 5.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equites Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Equites Property Fund (JSE:EQU) is currently considered Significantly Overvalued. The stock's GF Value™ is R13.45, compared to a current price of R17.79 — trading 32.3% above its estimated fair value. The current ROA % is 5.04%, which is near median its 10-year median of 5.12 and 56% above the REITs industry median of 3.23. Equites Property Fund's overall GF Score™ is 77/100 with 12 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 Equites Property Fund (JSE:EQU), the current ROA % is 5.04% 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 Equites Property Fund (JSE:EQU) Overvalued in 2026?
Based on GuruFocus' analysis, Equites Property Fund stock appears to be overvalued.
The current stock price of R17.79 is trading 32.3% above its estimated GF Value™ of R13.45.
GuruFocus considers Equites Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EQU:
ROA %: 5.04% (near median its 10-year median of 5.12)
GF Value™: R13.45 vs. price of R17.79 (32.3% above fair value)
Industry Position: 56% above the REITs median (#290 of 933)
No single metric tells the full story. See the JSE:EQU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equites Property Fund Ltd generates rental income from investment in and development of modern logistics facilities. Its business activities include development, acquisition of vacant land and brownfield opportunities, acquisition of tenanted property, property management, and capital management. The Group operates through three reportable segments: SA Industrial, generate maximum revenue, which incorporates all the SA industrial and logistics assets; UK Developer, which relates to the disposal of land and turnkey developments; and Other, which comprises non-property-related activities. The Group has industrial and logistics assets in the Western Cape, Eastern Cape, Gauteng, and KwaZulu-Natal, and one ongoing development site in the UK.
77GF Score
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