Delta Property Fund (JSE:DLT) ROCE %: 18.63% (As of Feb. 2026)

What is Delta Property Fund ROCE %?

Delta Property Fund JSE:DLT 28 ROCE % is 18.63% as of Feb. 2026. GuruFocus rates JSE:DLT with a GF Score™ of 28/100 and a GF Value™ of R0.23 (Significantly Overvalued). The stock has 9 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Delta Property Fund's annualized ROCE % for the quarter that ended in Feb. 2026 was 18.63%.

Delta Property Fund (JSE:DLT) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Delta Property Fund ROCE % Related Terms

Delta Property Fund ROCE % Historical Data

* Premium members only.

The historical data trend for Delta Property Fund's ROCE % 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 ROCE % Chart

Delta Property Fund Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

ROCE %

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7.30

-6.02

11.94

10.92

16.20

Delta Property Fund Semi-Annual Data
	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25	Aug25	Feb26
ROCE %	Get a 7-Day Free Trial															3.56	18.86	6.06	15.29	18.63

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Delta Property Fund Ltd JSE:DLT

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Delta Property Fund ROCE % Calculation

Delta Property Fund's annualized ROCE % for the fiscal year that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2026 )		(A: Feb. 2025 )		(A: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2026 )		(A: Feb. 2025 )		(A: Feb. 2026 )
	=	563.546	/	( ( (6587.152 - 2779.092)	+	(6476.37 - 3325.306) )	/ 2 )
	=	563.546	/	( (3808.06	+	3151.064)	/ 2 )
	=	563.546	/	3479.562
	=	16.20 %

Delta Property Fund's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2026 )		(Q: Aug. 2025 )		(Q: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2026 )		(Q: Aug. 2025 )		(Q: Feb. 2026 )
	=	591.434	/	( ( (6521.977 - 3322.101)	+	(6476.37 - 3325.306) )	/ 2 )
	=	591.434	/	( ( 3199.876	+	3151.064 )	/ 2 )
	=	591.434	/	3175.47
	=	18.63 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 18.63% mean?

Delta Property Fund (JSE:DLT) has a ROCE % of 18.63% as of Feb. 2026.

Is Delta Property Fund's ROCE % too high?

Delta Property Fund's current ROCE % is 18.63%. The REITs industry median ROCE % is 5.19. Delta Property Fund's value of 18.63% is 259.3% above this industry median. Overall, Delta Property Fund has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Delta Property Fund's ROCE % compare to BXP and ARE?

Delta Property Fund's ROCE % of 18.63% can be compared against companies in the REITs industry. The industry median ROCE % is 5.19. Delta Property Fund's value of 18.63% is 259.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a REITs company?

The median ROCE % among REITs companies is 5.19, based on 756 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Delta Property Fund's current ROCE % of 18.63% is 259.3% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median ROCE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Property Fund's current ROCE % is 18.63%. 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 R0.50 — trading 117.4% above its estimated fair value. The current ROCE % is 18.63% and 259.3% above the REITs industry median of 5.19. Delta Property Fund's overall GF Score™ is 28/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Delta Property Fund (JSE:DLT), the current ROCE % is 18.63% 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 R0.50 is trading 117.4% above its estimated GF Value™ of R0.23. GuruFocus considers Delta Property Fund to be Significantly Overvalued.

Key valuation signals for JSE:DLT:

ROCE %: 18.63%
GF Value™: R0.23 vs. price of R0.50 (117.4% above fair value)
GF Score™: 28/100 with 9 warning signs
Industry Position: 259.3% above the REITs median

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 Business Description

Industry Real Estate REITs

Comparable Companies JSE:TEX XMAD:MRL BXP ARE TSE:8951 VNO XPAR:GFC SGX:N2IU TSE:8952 SGX:AJBU CUZ ASX:DXS BOM:542602 XMAD:COL KRC NSE:BAGMANE CDP SGX:K71U TSE:8954 BOM:543217

Address 10 Muswell Road South, Building 3, Silver Stream Office Park, Bryanston, Sandton, Johannesburg, GT, ZAF, 2021

Website https://www.deltafund.co.za

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.

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R0.50

Price

R0.23

GF Value

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