Delta Property Fund (JSE:DLT) ROE %: 6.09% (As of Feb. 2026)


JSE:DLT Delta Property Fund Ltd JSE:DLT
28 GF Score
Price R0.50
GF Value R0.23
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Delta Property Fund ROE %?

Delta Property Fund JSE:DLT 28 ROE % is 6.09% 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. Among 933 REITs companies, Delta Property Fund ranks worse than 58.63% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Delta Property Fund's annualized net income for the quarter that ended in Feb. 2026 was R153 Mil. Delta Property Fund's average Total Stockholders Equity over the quarter that ended in Feb. 2026 was R2,506 Mil. Therefore, Delta Property Fund's annualized ROE % for the quarter that ended in Feb. 2026 was 6.09%.

The historical rank and industry rank for Delta Property Fund's ROE % or its related term are showing as below:

JSE:DLT' s ROE % Range Over the Past 10 Years
Min: -24.32   Med: -4.22   Max: 12.08
Current: 5.13

During the past 13 years, Delta Property Fund's highest ROE % was 12.08%. The lowest was -24.32%. And the median was -4.22%.

JSE:DLT's ROE % is ranked worse than
58.63% of 933 companies
in the REITs industry
Industry Median: 6.15 vs JSE:DLT: 5.13

Delta Property Fund  (JSE:DLT) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Feb. 2026 )
=Net Income/Total Stockholders Equity
=152.712/2505.602
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(152.712 / 1150.662)*(1150.662 / 6499.1735)*(6499.1735 / 2505.602)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.27 %*0.177*2.5939
=ROA %*Equity Multiplier
=2.35 %*2.5939
=6.09 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Feb. 2026 )
=Net Income/Total Stockholders Equity
=152.712/2505.602
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (152.712 / 203.766) * (203.766 / 565.82) * (565.82 / 1150.662) * (1150.662 / 6499.1735) * (6499.1735 / 2505.602)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7494 * 0.3601 * 49.17 % * 0.177 * 2.5939
=6.09 %

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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Delta Property Fund ROE % Related Terms


Delta Property Fund ROE % Historical Data

* Premium members only.

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

Delta Property Fund Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.22 -24.32 -2.58 -4.22 5.12

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
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.36 2.33 -10.77 4.15 6.09

JSE:DLT vs BXP, ARE, VNO: ROE % Comparison

For the REIT - Office subindustry, Delta Property Fund's ROE %, along with its competitors' market caps and ROE % 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.


Delta Property Fund ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Delta Property Fund's ROE % distribution charts can be found below:

* The bar in red indicates where Delta Property Fund's ROE % falls into.


JSE:DLT
28GF Score
Delta Property Fund Ltd JSE:DLT
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Delta Property Fund ROE % Calculation

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

ROE %=Net Income (A: Feb. 2026 )/( (Total Stockholders Equity (A: Feb. 2025 )+Total Stockholders Equity (A: Feb. 2026 ))/ count )
=127.007/( (2416.773+2543.78)/ 2 )
=127.007/2480.2765
=5.12 %

Delta Property Fund's annualized ROE % for the quarter that ended in Feb. 2026 is calculated as

ROE %=Net Income (Q: Feb. 2026 )/( (Total Stockholders Equity (Q: Aug. 2025 )+Total Stockholders Equity (Q: Feb. 2026 ))/ count )
=152.712/( (2467.424+2543.78)/ 2 )
=152.712/2505.602
=6.09 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder 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. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 6.09% mean?
Delta Property Fund (JSE:DLT) has a ROE % of 6.09% as of Feb. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Delta Property Fund and its competitors. According to the industry distribution chart, Delta Property Fund ranks #547 out of 933 companies in the REITs industry, placing it in the top 58.6%.
Is Delta Property Fund's ROE % too high?
Delta Property Fund's current ROE % is 6.09%. The REITs industry median ROE % is 6.15. Delta Property Fund's value of 6.09% is 1% below this industry median. Based on the distribution chart, Delta Property Fund ranks #547 out of 933 companies in the REITs industry, which is below the industry midpoint. 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 ROE % compare to BXP and ARE?
According to the REITs industry distribution chart, Delta Property Fund ranks #547 out of 933 companies for ROE %. This places Delta Property Fund in the lower half of its industry. The industry median ROE % is 6.15. Delta Property Fund's value of 6.09% is 1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a REITs company?
The median ROE % among REITs companies is 6.15, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Delta Property Fund's current ROE % of 6.09% is 1% below 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Delta Property Fund and its competitors. For the REITs industry, the median ROE % is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Property Fund's current ROE % is 6.09%. 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 ROE % is 6.09% and 1% below the REITs industry median of 6.15. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Delta Property Fund (JSE:DLT), the current ROE % is 6.09% 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:

  • ROE %: 6.09%
  • GF Value™: R0.23 vs. price of R0.50 (117.4% above fair value)
  • GF Score™: 28/100 with 9 warning signs
  • Industry Position: 1% below the REITs median (#547 of 933)

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 EstateREITs
Address 10 Muswell Road South, Building 3, Silver Stream Office Park, Bryanston, Sandton, Johannesburg, GT, ZAF, 2021
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.
28GF Score

Get the complete analysis for JSE:DLT

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

R0.50
Price
R0.23
GF Value