Spear REIT Ltd.
JJSE:SEA1,310.00
ZAC
-4.00
(-0.30%)
ISIN
ZAE000228995
Return %
Stock
S&P 500
1Y
18.44
14.20
3Y
74.90
81.12
5Y
101.23
68.34
Capital Structure
ZAR
•
in mil. unless spec.Working Capital
ZAR
•
in mil. unless spec.Growth Rates
ZAR
•
in mil. unless spec.Semi-annual Revenue
ZAR
•
in mil. unless spec.Semi-annual Earnings Per Share
ZAR
•
in mil. unless spec.Semi-annual Dividends Per Share
ZAR
•
in mil. unless spec.Company Description
- CEO
- Quintin Michael Rossi
- Full Time Employees
- 30
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 2 Long Street Cape Town WC South Africa 8001
- IPO Date
- Nov 11, 2016
- Website
- spearprop.co.za
- Similar Companies
- Business
- Spear REIT Limited (JSE: SEA) operates as a real estate investment trust focused on acquiring, owning and managing high-quality, income-generating properties across industrial, commercial and retail sectors predominantly in the Western Cape region of South Africa, with a portfolio comprising 39 properties totaling 487,418 square meters of gross lettable area valued at R5.53 billion, 97% occupied and featuring a weighted average lease expiry of 25 months; its core offerings include industrial assets (63% of portfolio by GLA, such as logistics parks and business parks like Consani Industrial Park and Berg River Business Park), commercial properties (26%, encompassing office and medical facilities), and retail centers (11%, including convenience malls like Maynard Mall), serving a diverse tenant base of 526 occupants ranging from JSE-listed companies to small and medium enterprises with internal asset and property management handled by its executive team. Founded in 2011 and headquartered in Cape Town, the company listed on the JSE AltX in November 2016 before transferring to the Main Board in May 2017, conducting operations directly and through subsidiaries without a parent entity. Recent developments include the acquisition of Maynard Mall in Wynberg for R455 million to bolster retail exposure, Consani Industrial Park in Elsie's River for R437.3 million enhancing industrial holdings at a 9.71% initial yield with planned R34 million capital upgrades, Berg River Business Park in Paarl for R182.15 million marking its entry into that market with a solar-enabled logistics asset, alongside a successful R457 million equity capital raise via private placement in June 2025 to fund expansions, and ongoing solar initiatives across properties amid resilient Western Cape demand.