Redefine PropertiesJSE:RDF -0.92%55 3-Year ROIIC % is 6.52 as of Aug. 2025, which is 36% above its 10-year median of 4.78. GuruFocus rates JSE:RDF with a GF Score™ of 55/100 and a GF Value™ of R3.83 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 695 REITs companies, Redefine Properties ranks better than 68.2% 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.
Redefine Properties's 3-Year ROIIC % for the quarter that ended in Aug. 2025 was 6.52%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Redefine Properties's 3-Year ROIIC % or its related term are showing as below:
JSE:RDF's 3-Year ROIIC % is ranked better than 68.2% of 695
companies
in the REITs industry
Industry Median: 3.49
vs JSE:RDF: 6.52
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.
Redefine Properties 3-Year ROIIC % Related Terms
Redefine Properties 3-Year ROIIC % Historical Data
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The historical data trend for Redefine Properties'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.
For the REIT - Diversified subindustry, Redefine Properties'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.
Redefine Properties 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Redefine Properties's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Redefine Properties'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.
Redefine Properties (JSE:RDF) has a 3-Year ROIIC % of 6.52 as of Aug. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Redefine Properties and its competitors. This is 36% above median its historical median of 4.78. Over the past decade, Redefine Properties' 3-Year ROIIC % has ranged from 0.99 to 10.62. According to the industry distribution chart, Redefine Properties ranks #221 out of 695 companies in the REITs industry, placing it in the top 31.8%.
Is Redefine Properties' 3-Year ROIIC % too high?
Redefine Properties' current 3-Year ROIIC % of 6.52 is 36% above median its 10-year median of 4.78. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 10.62. The REITs industry median 3-Year ROIIC % is 3.49. Redefine Properties' value of 6.52 is 86.8% above this industry median. Based on the distribution chart, Redefine Properties ranks #221 out of 695 companies in the REITs industry, which is above the industry midpoint. Overall, Redefine Properties has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Redefine Properties' 3-Year ROIIC % compare to VICI and WPC?
According to the REITs industry distribution chart, Redefine Properties ranks #221 out of 695 companies for 3-Year ROIIC %. This puts Redefine Properties in the upper half of its industry. The industry median 3-Year ROIIC % is 3.49. Redefine Properties' value of 6.52 is 86.8% above this benchmark. Historically, Redefine Properties' own 3-Year ROIIC % has ranged from 0.99 to 10.62 over the past decade. While the company's 10-year median is 4.78 vs. the industry median of 3.49, Redefine Properties 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 695 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. Redefine Properties's current 3-Year ROIIC % of 6.52 is 86.8% 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 Redefine Properties 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. Redefine Properties's current 3-Year ROIIC % is 6.52, which is 36% above median its own 10-year median of 4.78. 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 R3.83, compared to a current price of R6.46 — trading 68.7% above its estimated fair value. The current 3-Year ROIIC % is 6.52, which is 36% above median its 10-year median of 4.78 and 86.8% above the REITs industry median of 3.49. Redefine Properties' overall GF Score™ is 55/100 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 Redefine Properties (JSE:RDF), the current 3-Year ROIIC % is 6.52 as of Aug. 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 Redefine Properties (JSE:RDF) Overvalued in 2026?
Based on GuruFocus' analysis, Redefine Properties stock appears to be overvalued.
The current stock price of R6.46 is trading 68.7% above its estimated GF Value™ of R3.83.
GuruFocus considers Redefine Properties to be Significantly Overvalued.
Key valuation signals for JSE:RDF:
3-Year ROIIC %: 6.52 (36% above median its 10-year median of 4.78)
GF Value™: R3.83 vs. price of R6.46 (68.7% above fair value)
Industry Position: 86.8% above the REITs median (#221 of 695)
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 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.
55GF Score
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