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Spear REIT Ltd

Spear REIT Ltd

SEA · JSE · Real Estate / REIT - Diversified

1,355.00ZAC+34.00 (+2.57%)

Price History

Full chart

Market Stats

Previous Close1,321.00
Open1,338.00
Day Range1,305.00 – 1,355.00
52-Week Range1,000.82 – 1,420.55
Volume504.13K
Market Cap6.52B
P/E (TTM)6.26
Forward P/E0.00
EPS2.06
Dividend Yield7.04%
Beta0.22
50-Day Avg1,279.98
200-Day Avg1,270.59

About

Spear REIT Limited listed as a Real Estate Investment Trust on the main board of the Johannesburg Stock Exchange. It is the only regionally focused REIT listed on the JSE that invests in high-quality income generating assets in the Western Cape. Spear obtains its diversification through asset type rather than geographical investment. The company conducts its business directly and through a few subsidiaries, collectively referred to as. The group's property and asset management functions are internally and directly managed by the Spear executive management team. Spear Reit Limited was incorporated in South Africa.

Company Details

  • SectorReal Estate
  • IndustryREIT - Diversified
  • CEOMr. Quintin Michael Rossi B.A.
  • Employees0
  • Headquarters2 Long Street, Cape Town, South Africa, 8001, South Africa
  • Websitehttps://www.spearprop.co.za

Leadership

  • Mr. Quintin Michael Rossi B.A.CEO, MD & Director · b. 1982
  • Mr. Christiaan Barnard CA (SA) (US)CFO & Executive Director · b. 1990
  • Mr. Cliff ToerienChief Operating Officer
  • Ms. Kim Pfaff-KargChief Investment Officer
  • Ms. René Cheryl PeskinCompany Secretary

Financials

Income Statement

Currency: ZAR2017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Total Revenue59.17M304.06M426.12M519.71M530.37M574.35M580.15M615.89M690.06M853.20M
Growth (%)-+413.83%+40.15%+21.96%+2.05%+8.29%+1.01%+6.16%+12.04%+23.64%
Cost of Revenue16.29M87.42M139.20M156.89M160.93M195.77M198.02M215.02M241.27M341.00M
Gross Profit42.88M216.63M286.92M362.82M369.44M378.58M382.13M400.88M448.79M512.20M
Gross Margin72.46%71.25%67.33%69.81%69.66%65.91%65.87%65.09%65.04%60.03%
Operating Expense-32.27M-246.34M-87.98M27.34M156.24M62.45M62.07M-120.32M-201.74M59.13M
Operating Income75.15M462.97M374.90M335.49M213.20M316.14M320.06M521.20M650.52M453.07M
Operating Margin126.99%152.26%87.98%64.55%40.20%55.04%55.17%84.63%94.27%53.10%
EBITDA15.98M128.89M157.20M334.50M230.87M334.67M338.61M541.50M670.07M970.83M
EBITDA Margin27.01%42.39%36.89%64.36%43.53%58.27%58.37%87.92%97.10%113.79%
Net Income65.33M383.19M270.39M207.31M53.01M164.92M182.21M362.74M525.12M799.75M
Net Income Margin110.40%126.03%63.45%39.89%9.99%28.71%31.41%58.90%76.10%93.74%
Interest Expense20.49M82.30M109.20M134.14M153.84M151.29M138.62M161.47M122.03M150.29M
Interest Expense % of Total Revenue34.62%27.07%25.63%25.81%29.01%26.34%23.89%26.22%17.68%17.61%

Balance Sheet

Currency: ZAR2017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Total Assets1.49B3.23B3.92B4.30B4.58B4.53B4.26B4.68B5.64B7.58B
Total Liabilities506.70M1.26B1.57B1.78B2.19B1.86B1.65B1.60B1.72B2.19B
Total Equity986.81M1.92B2.30B2.45B2.37B2.65B2.59B3.07B3.91B5.38B
Cash12.63M10.22M13.79M24.18M32.34M29.21M19.52M25.05M73.86M392.72M
Total Debt482.45M1.21B1.52B1.71B2.11B1.79B1.57B1.50B1.59B2.04B
Net Debt469.81M1.20B1.51B1.69B2.07B1.76B1.55B1.48B1.52B1.65B

Cash Flow

Currency: ZAR2017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Operating Cash Flow38.74M38.10M18.25M34.83M10.62M33.72M43.12M207.82M73.61M396.12M
Investing Cash Flow-13.31M-1.25B-481.09M-326.81M-406.18M-42.66M266.68M-238.80M-647.24M-1.02B
Financing Cash Flow-12.80M1.21B466.40M303.37M403.44M6.10M-319.49M36.51M622.44M943.46M
Capital Expenditure1.14M1.73M101.90M129.88M72.70M80.46M82.98M69.00K64.44M92.78M
Free Cash Flow37.60M36.37M-83.64M-95.05M-62.07M-46.74M-39.87M207.75M9.17M303.34M
Dividends Paid83.00M83.00M145.29M191.07M477.75M126.96M167.55M171.91M230.90M300.37M
FCF to OCF97.06%95.45%-458.22%-272.91%-584.33%-138.63%-92.46%99.97%12.46%76.58%
Dividend Paid to FCF220.72%228.23%-173.70%-201.02%-769.65%-271.61%-420.26%82.75%2518.29%99.02%

Key Statistics & Ratios

Market Cap6.52B
Enterprise Value8.10B
Trailing P/E6.26
Forward P/E0.00
Price / Sales7.64
Price / Book1.20
EPS2.06
Book Value12.91
Revenue (TTM)852.32M
Gross Profit (TTM)544.91M
EBITDA469.00M
Profit Margin93.83%
Operating Margin53.54%
Return on Equity17.18%
Return on Assets4.27%
Shares Outstanding505.49M
Shares Float364.82M
Beta0.22
Dividend Yield7.04%
Dividend Rate0.89
Payout Ratio40.42%

Dividends

20262×
44.92Nov 11, 202644.57Jun 3, 2026
20252×
41.59Nov 5, 202541.74Jun 11, 2025
20242×
39.53Nov 13, 202440.53Jun 12, 2024
20232×
38.33Nov 15, 202338.84Jun 7, 2023
20222×
37.14Nov 9, 202235.19Jun 14, 2022
20212×
33.06Nov 17, 202129.36Jun 2, 2021
20202×
29.34Nov 18, 202047.02Jun 3, 2020
20192×
44.64Nov 6, 201944.69Jun 5, 2019
20182×
41.73Nov 7, 201841.55Jun 6, 2018
20172×
36.95Nov 8, 201723.51Jun 7, 2017