Newpark REIT (JSE:NRL) Selling, General, & Admin. Expense: R4.5 Mil (TTM As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:NRL Newpark REIT Ltd JSE:NRL
71 GF Score
Price R4.70
GF Value R4.73
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Newpark REIT Selling, General, & Admin. Expense?

Newpark REIT JSE:NRL 71 Selling, General, & Admin. Expense is R4.5 Mil as of Feb. 2026. GuruFocus rates JSE:NRL with a GF Score™ of 71/100 and a GF Value™ of R4.73 (Fairly Valued). The stock has 8 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Newpark REIT's selling, general, & admin. expense for the six months ended in Feb. 2026 was R0.6 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Feb. 2026 was R4.5 Mil.


Newpark REIT  (JSE:NRL) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Newpark REIT Selling, General, & Admin. Expense Related Terms


Newpark REIT Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Newpark REIT's Selling, General, & Admin. Expense 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.

Newpark REIT Selling, General, & Admin. Expense Chart

Newpark REIT Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.98 4.96 3.97 7.28 4.49

Newpark REIT Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Selling, General, & Admin. Expense 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 0.46 6.71 0.57 3.90 0.60

JSE:NRL vs VICI, WPC, BNL: Selling, General, & Admin. Expense Comparison

For the REIT - Diversified subindustry, Newpark REIT's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.


Newpark REIT Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, Newpark REIT's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Newpark REIT's Selling, General, & Admin. Expense falls into.


JSE:NRL
71GF Score
Newpark REIT Ltd JSE:NRL
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Newpark REIT Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R4.5 Mil.

* 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.

What does a Selling, General, & Admin. Expense of R4.5 Mil mean?
Newpark REIT (JSE:NRL) has a Selling, General, & Admin. Expense of R4.5 Mil as of Feb. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Newpark REIT and its competitors.
Is Newpark REIT's Selling, General, & Admin. Expense too high?
Newpark REIT's current Selling, General, & Admin. Expense is R4.5 Mil. Overall, Newpark REIT has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Newpark REIT's Selling, General, & Admin. Expense compare to VICI and WPC?
Newpark REIT's Selling, General, & Admin. Expense of R4.5 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Newpark REIT and its competitors. Newpark REIT's current Selling, General, & Admin. Expense is R4.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newpark REIT stock overvalued right now?
Based on GuruFocus' analysis, Newpark REIT (JSE:NRL) is currently considered Fairly Valued. The stock's GF Value™ is R4.73, compared to a current price of R4.70 — trading 0.6% below its estimated fair value. The current Selling, General, & Admin. Expense is R4.5 Mil. Newpark REIT's overall GF Score™ is 71/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Newpark REIT (JSE:NRL), the current Selling, General, & Admin. Expense is R4.5 Mil 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 Newpark REIT (JSE:NRL) Overvalued in 2026?

Based on GuruFocus' analysis, Newpark REIT stock appears to be undervalued. The current stock price of R4.70 is trading 0.6% below its estimated GF Value™ of R4.73. GuruFocus considers Newpark REIT to be Fairly Valued.

Key valuation signals for JSE:NRL:

  • Selling, General, & Admin. Expense: R4.5 Mil
  • GF Value™: R4.73 vs. price of R4.70 (0.6% below fair value)
  • GF Score™: 71/100 with 8 warning signs

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


Newpark REIT Business Description

Industry Real EstateREITs
Address 51 West Street, Houghton Estate, Houghton, Johannesburg, GT, ZAF, 2198
Newpark REIT Ltd is a real estate investment trust company in South Africa. The company focuses on investing in A-grade commercial properties. Its property portfolio comprises the JSE building, the 24 Central, and industrial buildings in Linbro Business Park and Crown City. The Company is organized into four main operating segments, which include Mixed use (office, retail, and storage), Head office, Office, and Industrial. It generates the majority of the revenue from the Office segment.
71GF Score

Get the complete analysis for JSE:NRL

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R4.70
Price
R4.73
GF Value