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Equites Property Fund Limited (EQU) Fair Value & Analysis

Real Estate · ZA · Market cap 14.6B ZAC

Price17.69 ZAC
Fair Value23.70 ZAC
Upside+34.0%
Quality82/100
Evidence: Medium Range 16.64 ZAC – 33.29 ZAC

Fair value as of: Jun 26, 2026

Analysis

Equites Property Fund Limited (EQU) currently trades at 17.69 ZAC, while our model-based Fair Value estimate is 23.70 ZAC — implying the stock looks roughly 34.0% undervalued today. We read business quality at 82/100 (high quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

About the company

Equites Property Fund Limited (Equites) is a South African REIT. It has 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. Equites Property Fund Limited was established on May 20, 2013, and incorporated in South Africa.

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Frequently asked questions

Is Equites Property Fund Limited (EQU) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 23.70 ZAC versus a price of 17.69 ZAC — about +34% (undervalued). Model-based estimate, not financial advice.
What is the fair value of EQU?
Our 21-model fair value for Equites Property Fund Limited is 23.70 ZAC (as of Jun 26, 2026), built from audited fundamentals. The current price is 17.69 ZAC.
What is the quality score of EQU?
Equites Property Fund Limited has a Quality Score of 82/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.