Equites Property Fund Limited

JSE:EQU Stock Report

Market Cap: R11.2b

Equites Property Fund Past Earnings Performance

Past criteria checks 2/6

Equites Property Fund's earnings have been declining at an average annual rate of -8.7%, while the Industrial REITs industry saw earnings growing at 9.3% annually. Revenues have been growing at an average rate of 27.6% per year. Equites Property Fund's return on equity is 7.8%, and it has net margins of 28.2%.

Key information

-8.7%

Earnings growth rate

-14.7%

EPS growth rate

Industrial REITs Industry Growth14.4%
Revenue growth rate27.6%
Return on equity7.8%
Net Margin28.2%
Last Earnings Update31 Aug 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Equites Property Fund makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

JSE:EQU Revenue, expenses and earnings (ZAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Aug 243,2479171980
31 May 242,8661,0341760
29 Feb 242,4841,1521530
30 Nov 232,898-832020
31 Aug 233,313-1,3182500
31 May 233,263-9782430
28 Feb 233,213-6392360
30 Nov 222,6246641560
31 Aug 222,0351,968760
31 May 221,8622,000770
28 Feb 221,6882,033780
30 Nov 211,5741,866710
31 Aug 211,4601,700650
31 May 211,3231,054610
28 Feb 211,185407570
30 Nov 201,099241590
31 Aug 201,01275610
31 May 201,003378570
29 Feb 20994682530
30 Nov 19958806520
31 Aug 19923930510
31 May 19845800470
28 Feb 19766670420
30 Nov 18706650400
31 Aug 18647629380
31 May 18610750360
28 Feb 18574870330
30 Nov 17544905310
31 Aug 17515940300
31 May 17509862290
28 Feb 17502785280
30 Nov 16489636250
31 Aug 16475487210
31 May 16406435190
29 Feb 16337384170
30 Nov 15264381140
31 Aug 15191378110
31 May 1516128190
28 Feb 1513118480

Quality Earnings: EQU has high quality earnings.

Growing Profit Margin: EQU became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: EQU's earnings have declined by 8.7% per year over the past 5 years.

Accelerating Growth: EQU has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: EQU has become profitable in the last year, making it difficult to compare its past year earnings growth to the Industrial REITs industry (8.8%).


Return on Equity

High ROE: EQU's Return on Equity (7.8%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/22 18:14
End of Day Share Price 2025/01/22 00:00
Earnings2024/08/31
Annual Earnings2024/02/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Equites Property Fund Limited is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mahir HamdulayAbsa Bank Limited
Francois Du ToitAnchor Stockbrokers Proprietary Limited
Pranita DayaAnchor Stockbrokers Proprietary Limited