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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Texton Property Fund's selling, general, & admin. expense for the
six
months ended in Dec. 2025 was R17.8 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was R42.5 Mil.
Texton Property Fund (JSE:TEX) 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.
Texton Property Fund Selling, General, & Admin. Expense Related Terms
Texton Property Fund Selling, General, & Admin. Expense Historical Data
* Premium members only.
The historical data trend for Texton Property Fund'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.
Texton Property Fund Selling, General, & Admin. Expense Chart
JSE:TEX vs BXP, ARE, VNO: Selling, General, & Admin. Expense Comparison
For the REIT - Office subindustry, Texton Property Fund'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.
Texton Property Fund Selling, General, & Admin. Expense vs REITs Industry
For the REITs industry and Real Estate sector, Texton Property Fund's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Texton Property Fund's Selling, General, & Admin. Expense falls into.
Texton Property Fund 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was R42.5 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 R42.5 Mil mean?
Texton Property Fund (JSE:TEX) has a Selling, General, & Admin. Expense of R42.5 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Texton Property Fund and its competitors.
Is Texton Property Fund's Selling, General, & Admin. Expense too high?
Texton Property Fund's current Selling, General, & Admin. Expense is R42.5 Mil. Overall, Texton Property Fund has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Texton Property Fund's Selling, General, & Admin. Expense compare to BXP and ARE?
Texton Property Fund's Selling, General, & Admin. Expense of R42.5 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 Texton Property Fund and its competitors. Texton Property Fund's current Selling, General, & Admin. Expense is R42.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texton Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Texton Property Fund (JSE:TEX) is currently considered Modestly Overvalued. The stock's GF Value™ is R2.43, compared to a current price of R3.00 — trading 23.5% above its estimated fair value. The current Selling, General, & Admin. Expense is R42.5 Mil. Texton Property Fund's overall GF Score™ is 56/100 with 9 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 Texton Property Fund (JSE:TEX), the current Selling, General, & Admin. Expense is R42.5 Mil 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 Texton Property Fund (JSE:TEX) Overvalued in 2026?
Based on GuruFocus' analysis, Texton Property Fund stock appears to be overvalued.
The current stock price of R3.00 is trading 23.5% above its estimated GF Value™ of R2.43.
GuruFocus considers Texton Property Fund to be Modestly Overvalued.
Key valuation signals for JSE:TEX:
Selling, General, & Admin. Expense: R42.5 Mil
GF Value™: R2.43 vs. price of R3.00 (23.5% above fair value)
No single metric tells the full story. See the JSE:TEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Texton Property Fund Ltd is a Real Estate Investment Trust that provides shareholders with access to a diversified portfolio of direct and indirect global real estate investments. The portfolio aims to deliver long-term income and capital growth. The core objective is to deliver sustainable, risk-adjusted returns to stakeholders through disciplined capital allocation, strategic asset management, and value-driven investments. The Group has three reportable segments: SA direct property, which derives maximum revenue; UK direct property; and international investments. Direct property investments are split into office, retail, and industrial.
56GF Score
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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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