SAorate Real Estate (JSE:SAC) ROE %: 3.26% (As of Dec. 2025) — 49% Below Median


JSE:SAC SA Corporate Real Estate Ltd JSE:SAC
69 GF Score
Price R3.67
GF Value R2.36
Valuation Significantly Overvalued
! 9 Warning Signs
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What is SAorate Real Estate ROE %?

SAorate Real Estate JSE:SAC -1.61% 69 ROE % is 3.26% as of Dec. 2025, which is 49% below its 10-year median of 6.36. GuruFocus rates JSE:SAC with a GF Score™ of 69/100 and a GF Value™ of R2.36 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 933 REITs companies, SAorate Real Estate ranks worse than 59.59% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. SAorate Real Estate's annualized net income for the quarter that ended in Dec. 2025 was R373 Mil. SAorate Real Estate's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was R11,460 Mil. Therefore, SAorate Real Estate's annualized ROE % for the quarter that ended in Dec. 2025 was 3.26%.

The historical rank and industry rank for SAorate Real Estate's ROE % or its related term are showing as below:

JSE:SAC' s ROE % Range Over the Past 10 Years
Min: -13.53   Med: 6.36   Max: 22.49
Current: 4.96

During the past 13 years, SAorate Real Estate's highest ROE % was 22.49%. The lowest was -13.53%. And the median was 6.36%.

JSE:SAC's ROE % is ranked worse than
59.59% of 933 companies
in the REITs industry
Industry Median: 6.15 vs JSE:SAC: 4.96

SAorate Real Estate  (JSE:SAC) 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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=373.384/11459.881
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(373.384 / 2932.342)*(2932.342 / 20868.1935)*(20868.1935 / 11459.881)
=Net Margin %*Asset Turnover*Equity Multiplier
=12.73 %*0.1405*1.821
=ROA %*Equity Multiplier
=1.79 %*1.821
=3.26 %

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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=373.384/11459.881
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (373.384 / 392.738) * (392.738 / 1354.234) * (1354.234 / 2932.342) * (2932.342 / 20868.1935) * (20868.1935 / 11459.881)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9507 * 0.29 * 46.18 % * 0.1405 * 1.821
=3.26 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.


SAorate Real Estate ROE % Related Terms


SAorate Real Estate ROE % Historical Data

* Premium members only.

The historical data trend for SAorate Real Estate'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.

SAorate Real Estate ROE % Chart

SAorate Real Estate Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.16 8.04 11.32 5.82 4.97

SAorate Real Estate Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 14.69 7.31 4.31 6.70 3.26

JSE:SAC vs VICI, WPC: ROE % Comparison

For the REIT - Diversified subindustry, SAorate Real Estate'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.


SAorate Real Estate ROE % vs REITs Industry

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

* The bar in red indicates where SAorate Real Estate's ROE % falls into.


JSE:SAC
69GF Score
SA Corporate Real Estate Ltd JSE:SAC
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SAorate Real Estate ROE % Calculation

SAorate Real Estate's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=564.012/( (11161.4+11555.324)/ 2 )
=564.012/11358.362
=4.97 %

SAorate Real Estate's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=373.384/( (11364.438+11555.324)/ 2 )
=373.384/11459.881
=3.26 %

* 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 (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 3.26% mean?
SAorate Real Estate (JSE:SAC) has a ROE % of 3.26% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on SAorate Real Estate and its competitors. This is 49% below median its historical median of 6.36. According to the industry distribution chart, SAorate Real Estate ranks #556 out of 933 companies in the REITs industry, placing it in the top 59.6%.
Is SAorate Real Estate's ROE % too high?
SAorate Real Estate's current ROE % of 3.26% is 49% below median its 10-year median of 6.36. The REITs industry median ROE % is 6.15. SAorate Real Estate's value of 3.26% is 47% below this industry median. Based on the distribution chart, SAorate Real Estate ranks #556 out of 933 companies in the REITs industry, which is below the industry midpoint. Overall, SAorate Real Estate has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SAorate Real Estate's ROE % compare to VICI and WPC?
According to the REITs industry distribution chart, SAorate Real Estate ranks #556 out of 933 companies for ROE %. This places SAorate Real Estate in the lower half of its industry. The industry median ROE % is 6.15. SAorate Real Estate's value of 3.26% is 47% below this benchmark. While the company's 10-year median is 6.36 vs. the industry median of 6.15, SAorate Real Estate has consistently been below 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 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. SAorate Real Estate's current ROE % of 3.26% is 47% 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 SAorate Real Estate 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. SAorate Real Estate's current ROE % is 3.26%, which is 49% below median its own 10-year median of 6.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAorate Real Estate stock overvalued right now?
Based on GuruFocus' analysis, SAorate Real Estate (JSE:SAC) is currently considered Significantly Overvalued. The stock's GF Value™ is R2.36, compared to a current price of R3.67 — trading 55.5% above its estimated fair value. The current ROE % is 3.26%, which is 49% below median its 10-year median of 6.36 and 47% below the REITs industry median of 6.15. SAorate Real Estate's overall GF Score™ is 69/100 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 SAorate Real Estate (JSE:SAC), the current ROE % is 3.26% as of Dec. 2025. 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 SAorate Real Estate (JSE:SAC) Overvalued in 2026?

Based on GuruFocus' analysis, SAorate Real Estate stock appears to be overvalued. The current stock price of R3.67 is trading 55.5% above its estimated GF Value™ of R2.36. GuruFocus considers SAorate Real Estate to be Significantly Overvalued.

Key valuation signals for JSE:SAC:

  • ROE %: 3.26% (49% below median its 10-year median of 6.36)
  • GF Value™: R2.36 vs. price of R3.67 (55.5% above fair value)
  • GF Score™: 69/100 with 9 warning signs
  • Industry Position: 47% below the REITs median (#556 of 933)

No single metric tells the full story. See the JSE:SAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SAorate Real Estate Business Description

Industry Real EstateREITs
Address Corner Lower Road and West Road South, GreenPark Corner, 16th Floor, Morningside, Johannesburg, GT, ZAF, 2196
SA Corporate Real Estate Ltd is a real estate investment trust. The company's portfolio includes mostly industrial and retail properties, with the remainder of inner-city residential and commercial assets. The properties are mainly located in the metropolitan centres of South Africa, with more than half located in Gauteng, approximately one-third in KwaZulu-Natal, and the others in Western Cape and other regions. The company's tenants consist of large national tenants, government tenants and franchisees. Its reportable segments are Retail, Industrial, Commercial, Residential, and Corporate. The company generates the maximum of its revenue from the Residential segment.
69GF Score

Get the complete analysis for JSE:SAC

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

R3.67
Price
R2.36
GF Value