Equites Property Fund

JNB:EQU · ZAE000188843

Real Estate Management & DevelopmentSmall

360

Value72

Profit price67

Cash yield91

Owner Earnings Yield82

Dividend Yield100

Sales & asset price51

Price/Sales26

EV / Gross Profit71

Price/Book55

Quality56

Returns on capital82

Return on Capital80

Cash Return on Capital81

Return on Equity84

Profit margins49

EBIT Margin50

Gross Profitability47

Cash backing44

Cash Conversion39

Accruals38

Owner Earnings Margin54

Growth50

Sales growth10

Profit growth56

Profit Growth60

Long-Term EPS Growth14

Owner Earnings Growth93

Reinvestment6

Price momentum56

Safety76

Debt load55

Debt serviceability63

Refinancing47

Debt Payback78

Liquidity47

Sentiment56

Analyst ratings13

Expectations trend29

Opinion Changes50

Price Target Upside8

Market mood55

Value Creation6/20not creating value

Creates more value than its capital costs
Owner earnings growing
Owner earnings per share growing
Reinvests at strong returns
Solid earnings base

What this means

Equites Property Fund doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountrySouth Africa

IndustryReal Estate Management & Development

SizeSmall

TypePublic Company

ExchangeJSE

Founded2013

Employees49

Websiteequites.co.za

ISINZAE000188843

Last UpdateApr 2, 2026

Indices

JSE All Shares (South Africa)

Themes

Financial ServicesReal Estate

Description

Analysis

Bargain bin

Equites Property Fund Limited is priced cheaply, and that invites the natural question of why, since the underlying business scores below average.

On valuation, the picture is attractive. The owner-earnings multiple stands at 9.4×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 6/20 on our value-creation score: not creating value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250

2026

All-time high

Mar 2026

All-time low

Jun 2026

Average rank

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023

Price/Sales

—

Price/Earnings

—

Price/Book

—

Dividend Yield

100

—

Value (overall)

—

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View

1 · Watch OutGood· 100

Value

1 · ExpensiveGood Value· 100

Quality

1 · Weak FundamentalsHigh Quality· 100

Growth

1 · Tough TimesHigh Growth· 100

Safety

1 · High LeverageWell-Financed· 100

Sentiment

1 · SkepticismPositive· 100

Learn More →