Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. SAorate Real Estate's average basic shares outstanding for the quarter that ended in Dec. 2025 was 2,627 Mil.
SAorate Real Estate (JSE:SAC) Shares Outstanding (Basic Average) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
SAorate Real Estate Shares Outstanding (Basic Average) Related Terms
SAorate Real Estate Shares Outstanding (Basic Average) Historical Data
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The historical data trend for SAorate Real Estate's Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) Chart
SAorate Real Estate Shares Outstanding (Basic Average) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
What does a Shares Outstanding (Basic Average) of 2,627 Mil mean?
SAorate Real Estate (JSE:SAC) has a Shares Outstanding (Basic Average) of 2,627 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on SAorate Real Estate and its competitors.
Is SAorate Real Estate's Shares Outstanding (Basic Average) too high?
SAorate Real Estate's current Shares Outstanding (Basic Average) is 2,627 Mil. Overall, SAorate Real Estate has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SAorate Real Estate's Shares Outstanding (Basic Average) compare to VICI and WPC?
SAorate Real Estate's Shares Outstanding (Basic Average) of 2,627 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 Shares Outstanding (Basic Average) for a REITs company?
A good Shares Outstanding (Basic Average) depends on the REITs industry context. However, Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on SAorate Real Estate and its competitors. SAorate Real Estate's current Shares Outstanding (Basic Average) is 2,627 Mil. 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 R3.63 — trading 53.8% above its estimated fair value. The current Shares Outstanding (Basic Average) is 2,627 Mil. SAorate Real Estate's overall GF Score™ is 67/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For SAorate Real Estate (JSE:SAC), the current Shares Outstanding (Basic Average) is 2,627 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 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 R3.63 is trading 53.8% above its estimated GF Value™ of R2.36.
GuruFocus considers SAorate Real Estate to be Significantly Overvalued.
Key valuation signals for JSE:SAC:
Shares Outstanding (Basic Average): 2,627 Mil
GF Value™: R2.36 vs. price of R3.63 (53.8% above fair value)
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.
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.
67GF Score
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