Equites Property Fund Limited (EQU.JO)
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No price history available.
Key financial summary
Financials in ZAR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | ZAR m | 1,185 | 1,688 | 3,213 | 2,484 | 4,257 | 3,162 | 3,158 | 1,922 |
| Operating profit | ZAR m | 1,588 | 1,588 | ||||||
| Net profit | ZAR m | 407 | 2,033 | -639 | 1,152 | 944 | 1,631 | 1,631 | 1,182 |
| EPS reported | ZAR | 1.93 | 1.93 | ||||||
| Operating cashflow per share | ZAR | 1.26 | 1.31 | ||||||
| Capex per share | ZAR | 0.00 | 0.00 | ||||||
| FCF per share | ZAR | 1.26 | 1.31 | ||||||
| Free cash flow | ZAR m | 1,060 | 1,111 | ||||||
| Net debt | ZAR m | 7,783 | 7,812 | ||||||
| Book value equity | ZAR m | 14,473 | 14,473 | ||||||
| Book value per share | ZAR | 17.13 | 17.07 | ||||||
| Number of shares | m | 845.15 | 847.91 | ||||||
| DPS (TTM paid) | ZAR | 1.41 | 1.41 |
Financial summary
Financials in ZAR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 9.94 | - | ||||||
| P/B LTM | x | 0.78 | 0.78 | ||||||
| P/S LTM | x | 3.56 | 3.56 | ||||||
| P/FCF LTM | x | 10.62 | 10.13 | ||||||
| EV/EBITDA LTM | x | 7.89 | 7.89 | ||||||
| EV/Sales LTM | x | 8.18 | 7.91 | ||||||
| Earnings Yield LTM | % | +10.06% | +11.00% | ||||||
| FCF Yield | % | +9.42% | +9.87% | ||||||
| Quality | |||||||||
| ROE | % | +11.27% | +11.46% | ||||||
| ROIC | % | +5.01% | +5.01% | ||||||
| Operating margin | % | +50.22% | +50.28% | ||||||
| Gross margin | % | +56.64% | +56.72% | ||||||
| FCF/Sales | % | +33.51% | +35.16% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +67.83% | +67.83% | ||||||
| Sales Growth YoY | % | -25.71% | -25.80% | ||||||
| Net Income Growth YoY | % | +72.91% | +72.91% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | -21.35% | -21.35% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +8.97% | +8.06% | ||||||
| Dividend Growth | % | +5.29% | +5.29% | ||||||
| Payout Ratio | % | +88.40% | +88.39% | ||||||
| FCF/Debt | x | 0.11 | 0.11 | ||||||
| Net Debt/EBITDA | x | 3.58 | 3.58 | ||||||
| EBIT/Net interest | x | 2.34 | 2.34 | ||||||
| Net debt/market cap | % | +61.33% | +64.96% | ||||||
| Net debt/Equity | x | 0.54 | 0.54 | ||||||
| Gross debt/equity | x | 0.68 | 0.68 | ||||||
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
Equites Property Fund Limited (Equites) is a South African REIT, with a clear focus on being a market leader in the logistics property market by developing and acquiring A-grade, modern logistics facilities in prime locations in South Africa and the United Kingdom. Equites listed on the Johannesburg Stock Exchange (JSE) on 18 June 2014 with a portfolio value of R1 billion and has since grown to a portfolio value to R19.3 billion 28 February 2021. The group continues to grow its portfolio through a significant development pipeline and high-quality acquisitions. Equites is the only listed property entity on the JSE to provide shareholders with pure exposure to prime logistics assets.
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For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.

Equites Property Fund Limited (EQU.JO)
No price history available.
Based on consensus from external analysts. Not Kvantra's opinion.
Equites Property Fund Limited (Equites) is a South African REIT, with a clear focus on being a market leader in the logistics property market by developing and acquiring A-grade, modern logistics facilities in prime locations in South Africa and the United Kingdom. Equites listed on the Johannesburg Stock Exchange (JSE) on 18 June 2014 with a portfolio value of R1 billion and has since grown to a portfolio value to R19.3 billion 28 February 2021. The group continues to grow its portfolio through a significant development pipeline and high-quality acquisitions. Equites is the only listed property entity on the JSE to provide shareholders with pure exposure to prime logistics assets.
- Stor-Age Property REIT Limited
- Sub Sri Thai Real Estate Investment Trust
- Aljazira Mawten REIT Fund
- Amata Summit Growth Freehold and Leasehold Real Estate Investment Trust
- Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust
- Daiwa House Logistics Trust
- WHA Industrial Leasehold Real Estate Investment Trust
- SF Real Estate Investment Trust
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