Equites discloses 5.01% stake and Equites stock sits 8.07% below its high

Revenue fell 18.42% to ZAc 3.15 billion in fiscal 2026. For Equites stock, net income was ZAc 1.63 billion versus ZAc 943.55 million.

Equites Property Fund Limited disclosed on September 7, 2026 that Ninety One had acquired a 5.01 percent beneficial interest in the company, taking its holding to 5.0076 percent, according to Sharenet. On October 1, 2026, Equites stock stood at ZAc 1,778.00 on the JSE, 8.07 percent below its 52-week high of ZAc 1,934.00.

Stake disclosure adds a new holder

The Ninety One notification gives the ownership event a precise threshold: the investment crossed 5.00 percent of Equites shares. The notice also states that Equites filed the required documentation with the Takeover Regulation Panel on September 7, 2026, making the disclosure a regulatory ownership update rather than an operating announcement.

For investors, the key market comparison is the distance from the yearly high. The October 1 price was also ZAc 14.00 below the prior close of ZAc 1,792.00, a decline of 0.78 percent calculated against that close.

Net income rose as revenue fell

Reuters lists fiscal 2026 revenue at ZAc 3.15 billion, down 18.42 percent from ZAc 3.87 billion in fiscal 2025. The same annual table shows net income of ZAc 1.63 billion in fiscal 2026, up 72.88 percent from ZAc 943.55 million in fiscal 2025.

The contrast matters because the revenue decline and profit increase point to a business picture shaped by more than top-line expansion. Kvantra classifies Equites as an industrial REIT focused on logistics facilities in South Africa and the United Kingdom, with the shares trading on the JSE under EQU.JO.

Logistics assets remain the operating theme

The company's portfolio positioning is concentrated in modern logistics facilities and property development. A fiscal 2026 sustainability report cited by Sustainability Reports records 34,023 MWh of rooftop solar output and renewable energy at 25.0 percent of portfolio energy consumption.

That combination of ownership change, earnings mix and asset focus gives the stock three measurable reference points. The market value remains below the ZAc 1,934.00 yearly high, while fiscal 2026 net income was higher than the fiscal 2025 comparison despite lower revenue.

JSE price remains below its yearly high

Equites stock was last at ZAc 1,778.00 on the JSE at 3:59 p.m. SAST on October 1, 2026. The price was down 0.78 percent versus the prior close of ZAc 1,792.00 and remained within the 52-week range of ZAc 1,590.00 to ZAc 1,934.00.

Equites Property Fund at a glance

• Company: Equites Property Fund Limited
• Ticker: EQU.JO
• Primary exchange: Johannesburg Stock Exchange
• JSE price as of October 1, 2026, 3:59 p.m. SAST: ZAc 1,778.00
• Change versus prior close: minus 0.78 percent
• Prior close JSE: ZAc 1,792.00
• 52-week range: ZAc 1,590.00-ZAc 1,934.00
• Sector / Industry: Real Estate / Industrial REIT