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Equites Property FundJSE:EQU -0.56%83 3-Year ROIIC % is 69.98 as of Feb. 2026, which is 1331% above its 10-year median of 4.89. GuruFocus rates JSE:EQU with a GF Score™ of 83/100 and a GF Value™ of R12.12 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 677 REITs companies, Equites Property Fund ranks better than 96.45% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Equites Property Fund's 3-Year ROIIC % for the quarter that ended in Feb. 2026 was 69.98%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Equites Property Fund's 3-Year ROIIC % or its related term are showing as below:
JSE:EQU's 3-Year ROIIC % is ranked better than 96.45% of 677
companies
in the REITs industry
Industry Median: 3.49
vs JSE:EQU: 69.98
Equites Property Fund (JSE:EQU) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Equites Property Fund 3-Year ROIIC % Related Terms
Equites Property Fund 3-Year ROIIC % Historical Data
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The historical data trend for Equites Property Fund's 3-Year ROIIC % 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.
JSE:EQU vs PLD, PSA, EXR: 3-Year ROIIC % Comparison
For the REIT - Industrial subindustry, Equites Property Fund's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Equites Property Fund's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Equites Property Fund's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Equites Property Fund (JSE:EQU) has a 3-Year ROIIC % of 69.98 as of Feb. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Equites Property Fund and its competitors. This is 1331% above median its historical median of 4.89. Over the past decade, Equites Property Fund's 3-Year ROIIC % has ranged from 2.78 to 69.98. According to the industry distribution chart, Equites Property Fund ranks #24 out of 677 companies in the REITs industry, placing it in the top 3.5%.
Is Equites Property Fund's 3-Year ROIIC % too high?
Equites Property Fund's current 3-Year ROIIC % of 69.98 is 1331% above median its 10-year median of 4.89. Over the past 10 years, this metric has ranged from a low of 2.78 to a high of 69.98. The REITs industry median 3-Year ROIIC % is 3.49. Equites Property Fund's value of 69.98 is 1905.2% above this industry median. Based on the distribution chart, Equites Property Fund ranks #24 out of 677 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Equites Property Fund has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equites Property Fund's 3-Year ROIIC % compare to PLD and PSA?
According to the REITs industry distribution chart, Equites Property Fund ranks #24 out of 677 companies for 3-Year ROIIC %. This places Equites Property Fund in the top 4% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.49. Equites Property Fund's value of 69.98 is 1905.2% above this benchmark. Historically, Equites Property Fund's own 3-Year ROIIC % has ranged from 2.78 to 69.98 over the past decade. While the company's 10-year median is 4.89 vs. the industry median of 3.49, 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 3-Year ROIIC % for a REITs company?
The median 3-Year ROIIC % among REITs companies is 3.49, based on 677 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Equites Property Fund's current 3-Year ROIIC % of 69.98 is 1905.2% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Equites Property Fund and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equites Property Fund's current 3-Year ROIIC % is 69.98, which is 1331% above median its own 10-year median of 4.89. 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 R12.12, compared to a current price of R17.75 — trading 46.5% above its estimated fair value. The current 3-Year ROIIC % is 69.98, which is 1331% above median its 10-year median of 4.89 and 1905.2% above the REITs industry median of 3.49. Equites Property Fund's overall GF Score™ is 83/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Equites Property Fund (JSE:EQU), the current 3-Year ROIIC % is 69.98 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 R17.75 is trading 46.5% above its estimated GF Value™ of R12.12.
GuruFocus considers Equites Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EQU:
3-Year ROIIC %: 69.98 (1331% above median its 10-year median of 4.89)
GF Value™: R12.12 vs. price of R17.75 (46.5% above fair value)
Industry Position: 1905.2% above the REITs median (#24 of 677)
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.
83GF Score
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