Redefine Properties (JSE:RDF) ROCE %: 11.35% (As of Feb. 2026)

What is Redefine Properties ROCE %?

Redefine Properties JSE:RDF -0.16% 61 ROCE % is 11.35% as of Feb. 2026. GuruFocus rates JSE:RDF with a GF Score™ of 61/100 and a GF Value™ of R3.92 (Significantly Overvalued). The stock has 12 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. Redefine Properties's annualized ROCE % for the quarter that ended in Feb. 2026 was 11.35%.

Redefine Properties (JSE:RDF) 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.

Redefine Properties ROCE % Related Terms

Redefine Properties ROCE % Historical Data

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The historical data trend for Redefine Properties'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.

Redefine Properties ROCE % Chart

Redefine Properties Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Aug25

ROCE %

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7.87

14.11

5.26

8.43

8.13

Redefine Properties 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															6.30	10.37	7.23	9.04	11.35

61GF Score

Redefine Properties Ltd JSE:RDF

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

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Redefine Properties ROCE % Calculation

Redefine Properties's annualized ROCE % for the fiscal year that ended in Aug. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2025 )		(A: Aug. 2024 )		(A: Aug. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2025 )		(A: Aug. 2024 )		(A: Aug. 2025 )
	=	7981.897	/	( ( (101914.154 - 4957.565)	+	(106322.974 - 6820.627) )	/ 2 )
	=	7981.897	/	( (96956.589	+	99502.347)	/ 2 )
	=	7981.897	/	98229.468
	=	8.13 %

Redefine Properties'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 )
	=	11245.14	/	( ( (106322.974 - 6820.627)	+	(104038.209 - 5472.127) )	/ 2 )
	=	11245.14	/	( ( 99502.347	+	98566.082 )	/ 2 )
	=	11245.14	/	99034.2145
	=	11.35 %

(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 11.35% mean?

Redefine Properties (JSE:RDF) has a ROCE % of 11.35% as of Feb. 2026.

Is Redefine Properties' ROCE % too high?

Redefine Properties' current ROCE % is 11.35%. The REITs industry median ROCE % is 5.21. Redefine Properties' value of 11.35% is 117.9% above this industry median. 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' ROCE % compare to VICI and WPC?

Redefine Properties' ROCE % of 11.35% can be compared against companies in the REITs industry. The industry median ROCE % is 5.21. Redefine Properties' value of 11.35% is 117.9% 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 5.21, based on 757 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. Redefine Properties's current ROCE % of 11.35% is 117.9% 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 5.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Redefine Properties's current ROCE % is 11.35%. 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 R3.92, compared to a current price of R6.36 — trading 62.2% above its estimated fair value. The current ROCE % is 11.35% and 117.9% above the REITs industry median of 5.21. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Redefine Properties (JSE:RDF), the current ROCE % is 11.35% 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 R6.36 is trading 62.2% above its estimated GF Value™ of R3.92. GuruFocus considers Redefine Properties to be Significantly Overvalued.

Key valuation signals for JSE:RDF:

ROCE %: 11.35%
GF Value™: R3.92 vs. price of R6.36 (62.2% above fair value)
GF Score™: 61/100 with 12 warning signs
Industry Position: 117.9% above the REITs median

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 Business Description

Industry Real Estate REITs

Comparable Companies JSE:GRT JSE:ATT JSE:SAC JSE:BTN JSE:HET JSE:EMI JSE:SEA JSE:OCT JSE:OAS JSE:NRL ASX:GMG VICI WPC BSP:HSRE11 ASX:SGP XPAR:COV ASX:CHC ASX:GPT MEX:FUNO11 LSE:LAND

Other Exchanges RDPEF:USA

Address 155 West Street, 4th floor, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

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

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

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R6.36

Price

R3.92

GF Value

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