Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Delta Property Fund's operating assets for the quarter that ended in Feb. 2026 was R6,467 Mil. Delta Property Fund's operating liabilities for the quarter that ended in Feb. 2026 was R225 Mil. Delta Property Fund's Total Assets for the quarter that ended in Aug. 2025 was R6,522 Mil. Therefore, Delta Property Fund's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.96.
Delta Property Fund Scaled Net Operating Assets Related Terms
Delta Property Fund Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for Delta Property Fund's Scaled Net Operating Assets 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.
Delta Property Fund Scaled Net Operating Assets Chart
JSE:DLT vs BXP, ARE, VNO: Scaled Net Operating Assets Comparison
For the REIT - Office subindustry, Delta Property Fund's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.
Delta Property Fund Scaled Net Operating Assets vs REITs Industry
For the REITs industry and Real Estate sector, Delta Property Fund's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Delta Property Fund's Scaled Net Operating Assets 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.
What does a Scaled Net Operating Assets of 0.96 mean?
Delta Property Fund (JSE:DLT) has a Scaled Net Operating Assets of 0.96 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Delta Property Fund and its competitors.
Is Delta Property Fund's Scaled Net Operating Assets too high?
Delta Property Fund's current Scaled Net Operating Assets is 0.96. Overall, Delta Property Fund has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delta Property Fund's Scaled Net Operating Assets compare to BXP and ARE?
Delta Property Fund's Scaled Net Operating Assets of 0.96 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 Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Delta Property Fund and its competitors. Delta Property Fund's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delta Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Delta Property Fund (JSE:DLT) is currently considered Significantly Overvalued. The stock's GF Value™ is R0.23, compared to a current price of R0.45 — trading 95.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.96. Delta Property Fund's overall GF Score™ is 28/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Delta Property Fund (JSE:DLT), the current Scaled Net Operating Assets is 0.96 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 Delta Property Fund (JSE:DLT) Overvalued in 2026?
Based on GuruFocus' analysis, Delta Property Fund stock appears to be overvalued.
The current stock price of R0.45 is trading 95.7% above its estimated GF Value™ of R0.23.
GuruFocus considers Delta Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:DLT:
Scaled Net Operating Assets: 0.96
GF Value™: R0.23 vs. price of R0.45 (95.7% above fair value)
No single metric tells the full story. See the JSE:DLT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Delta Property Fund Ltd engages in making long-term investments in rental-generating properties. The company comprises three segments, namely, Office-Sovereign, Office-Other, and Head Office. The firm generates its revenue mainly from the Office Sovereign segment. The portfolio of the company consists of large assets, single tenanted by the national government, provincial government, state-owned enterprises, and large blue-chip corporations under long leases.
28GF Score
Get the complete analysis for JSE:DLT
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:DLT has been successfully added to your 
