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General information

Sector: Financials

The company is not available at Interactive Brokers

Spear REIT Limited (JSE:SEA) invests in high-quality income-generating real estate across all sectors within the Western Cape, predominantly in the Cape Town region. The company conducts its business directly and through a number of subsidiaries, collectively referred to as the “group”. The company’s property and asset management functions are internally and directly managed by the Spear executive management team.

Asset Management

All of the group's real estate portfolio’s lease negotiations, tenant renewals, income and expense management, and income projection preparations are managed internally. Spear focuses on a complete hands-on approach to each property, ensuring that maximum value and growth are derived.

Property Management

The day-to-day property management of its real estate portfolio is performed internally by a team of highly skilled and motivated individuals managing all administrative and maintenance functions. The management team of Spear Properties is confident that they have assembled the right team to manage the property portfolio.



  • Bad financial results growth rate -7.9% (average between last period year over year growth for revenue and Net Income), there is slowdown compared to average historical growth rates (0.1%)
  • Dividend yield for the last twelve months 0.0%
  • Share price is 29.2% higher than minimum and 13.8% lower than maximum for the last 3 years
  • The company is overvalued by P/E LTM multiple compared to target level (10.5x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)7.75
Share price, USD: 0.4164
Common stocks: 282 580 645

Dividend Yield:  0.0%
P/E LTM: 10.5x
Last revenue growth (y/y):  -15.3%
Last growth of Net Income (y/y):  -0.4%
Historical revenue growth:  -1.8%
Historical growth of Net Income:  +18.1%
Target P/E (hist percentile):
Fundamental value created in LTM:
P/E mutiple calculation
Market Cap ($m): 118
Net Profit ($m): 11
P/E LTM: 10.5x
Price to Book: 0.84x

Revenue and Net Income

Semi-Annual values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

P / E

Potential dynamics

Reuters Headlines

South Africa`s property owner Spear will provide rental relief to retail tenants

South African property owner Spear REIT Limited will provide rental relief to certain tenants as a 21-day nationwide lockdown negatively affects non-essential retailers, it said on Thursday.

2020-04-02

JSE:MRP JSE:AVI JSE:SPG JSE:SEA

Insider trades

Date
Company
Person
B/S
Stocks
Price
volume USD
2024-01-24
Spear Reit
[JSE:SEA]
Quintin Michael Rossi
B
25000
ZAR 8.35
-7.2%
11 006
2024-01-18
Spear Reit
[JSE:SEA]
Clifford Wade Toerien
S
50000
ZAR 8.40
-8.3%
22 180
2024-01-10
Spear Reit
[JSE:SEA]
Quintin Michael Rossi
S
19500
ZAR 8.26
-6.5%
8 636
2024-01-09
Spear Reit
[JSE:SEA]
Evlah Investments Proprietary Limited
B
1000
ZAR 0.08
-6.6%
4
2023-12-29
Spear Reit
[JSE:SEA]
Quintin Michael Rossi
S
23000
ZAR 8.19
-5.4%
10 303
2023-12-05
Spear Reit
[JSE:SEA]
Evlah Investments Proprietary Limited
B
1500
ZAR 0.08
+0.6%
6
2023-12-01
Spear Reit
[JSE:SEA]
Stretsons Capital Limited a Global Business
S
9000
ZAR 7.68
+1.3%
3 709
2023-11-20
Spear Reit
[JSE:SEA]
Quintin Michael Rossi
B
2000
ZAR 7.70
+2.1%
840
2023-11-15
Spear Reit
[JSE:SEA]
Christiaan Barnard
B
9415
ZAR 7.50
+2.2%
3 881
2023-11-02
Spear Reit
[JSE:SEA]
Evlah Investments Proprietary Limited
B
25614
ZAR 7.60
+2.0%
10 574
2023-10-30
Spear Reit
[JSE:SEA]
Quintin Michael Rossi
S
70000
ZAR 7.60
+2.0%
28 225
2023-08-23
Spear Reit
[JSE:SEA]
Clifford Wade Toerien
S
35000
ZAR 7.46
+2.2%
14 135
2023-07-18
Spear Reit
[JSE:SEA]
Stretsons Capital Limited a Global Business
S
73500
ZAR 7.50
+9.2%
30 878
2023-07-11
Spear Reit
[JSE:SEA]
Quintin Michael Rossi
B
3100
ZAR 7.00
+10.7%
1 175
2023-06-12
Spear Reit
[JSE:SEA]
Quintin Michael Rossi
B
300
ZAR 6.95
+6.3%
112
2023-06-08
Spear Reit
[JSE:SEA]
Rosvest Proprietary Limited
B
300
ZAR 6.95
+11.5%
111
2023-06-06
Spear Reit
[JSE:SEA]
Quintin Michael Rossi
B
10000
ZAR 7.00
+11.0%
3 647
2023-06-06
Spear Reit
[JSE:SEA]
CBJB Investments Proprietary Limited
B
200000
ZAR 7.00
+11.0%
72 936
2023-06-06
Spear Reit
[JSE:SEA]
Easy Shoes Proprietary Limited
B
14280
ZAR 7.00
+11.0%
5 208
2023-05-24
Spear Reit
[JSE:SEA]
Stretsons Capital Limited a Global Business
S
45104
ZAR 7.26
+7.2%
17 006
2023-05-22
Spear Reit
[JSE:SEA]
Quintin Michael Rossi
B
2500
ZAR 7.19
+7.8%
934
2023-05-22
Spear Reit
[JSE:SEA]
Miss EE Rossi
B
5000
ZAR 7.19
+7.8%
1 867
2023-02-27
Spear Reit
[JSE:SEA]
Quintin Michael Rossi
B
1500
ZAR 7.30
+6.2%
595
2023-02-27
Spear Reit
[JSE:SEA]
Evlah Investments Proprietary Limited
B
137000
ZAR 7.30
+6.2%
54 301
2023-01-24
Spear Reit
[JSE:SEA]
Quintin Michael Rossi
S
41000
ZAR 7.54
+3.5%
18 003
2023-01-24
Spear Reit
[JSE:SEA]
Evlah Investments Proprietary Limited
S
450000
ZAR 7.55
+3.5%
197 853
2023-01-17
Spear Reit
[JSE:SEA]
Quintin Michael Rossi
B
2000
ZAR 7.65
+1.4%
898
2022-12-13
Spear Reit
[JSE:SEA]
Clifford Wade Toerien
S
50000
ZAR 7.29
+6.2%
21 153
2022-11-08
Spear Reit
[JSE:SEA]
Christiaan Barnard
B
10000
ZAR 7.70
-3.0%
4 348
2022-06-24
Spear Reit
[JSE:SEA]
Christiaan Barnard
B
4000
ZAR 7.70
-1.3%
1 948
2022-06-13
Spear Reit
[JSE:SEA]
Quintin Michael Rossi
B
1800
ZAR 8.10
-2.8%
903
2022-06-08
Spear Reit
[JSE:SEA]
Christiaan Barnard
B
1500
ZAR 8.09
-4.3%
794
More information for subscribed users:
detailed calculation of
Potential and Created Value,
website traffic data

Releases

2022-08-15
Dealings by Associates of a Director
2022-08-04
Dealings by Associates of a Director
2022-08-01
Dealings by Associates of a Director
2022-07-26
Voluntary Announcement – Disposal Of 5 Fitzmaurice Avenue
2022-07-25
Dealings by an Associate of a Director
2022-07-01
Dealing In Securities By Directors And Prescribed Officers: Acceptance Of Awards And Share Vesting
2022-06-30
Results of the Annual General Meeting
2022-06-29
Dealings by Associates of a Director
2022-06-28
Broad-Based Black Economic Empowerment Act: Annual Compliance Report
2022-06-28
Voluntary Operational And Financial Update For The Three Months Ending 31 May 2022
2022-06-27
Dealing in shares by an associate of a director
2022-06-17
Dealing By An Associate Of A Director
2022-06-09
Dealing in shares by an associate of a director
2022-06-06
Cash Dividend Timetable
2022-06-06
Dealings by Associates of a Director
2022-06-01
Withdrawal Of The Entitlement To Elect The Dividend Reinvestment Alternative
2022-05-31
Distribution of Integrated Report, No Change Statement and Notice Of Annual General Meeting
2022-05-31
Dealings by Associates of a Director
2022-05-30
Distribution Of Circular And Form Of Election
2022-05-26
Short-Form Announcement: Reviewed Financial Results And Dividend Declaration For The Year Ended 28 February 2022
2022-05-12
Voluntary Update: Acquisition of 27 Junction Road, Parow
2022-05-12
Notice Of Release Of Results And Results Presentation
2022-04-14
Voluntary Announcement – Disposal of 8 Section Street
2022-04-05
Trading Statement
2022-03-03
Dealings By Associates Of A Director
2022-02-24
Dealings by Associates of a Director
2022-02-22
Notice Of Pre-Close Investor Presentation – Change Of Time
2022-02-18
Dealing in Shares by an Associate of a Director
2022-02-18
Notice Of Pre-Close Investor Presentation
2022-02-08
Voluntary Announcement – Disposal Of 6 Talana Close
2022-02-08
Disclosure of Acquisition of Securities
2022-01-31
Vendor Consideration Placement And New Acquisition
2022-01-19
Dealings By Associates Of A Director
2022-01-12
Dealings in Shares By an Associate of a Director

SENS Announcements

2024-04-03
Voluntary Operational and Financial Update for the Financial Year Ended 29 February 2024
2024-04-02
Category 1 Acquisition Announcement - Western Cape Real Estate Portfolio
2024-02-19
Notice Of Pre-Close Investor Presentation
2024-02-07
Private Placement
2024-01-26
Dealings by Associates of Directors
2024-01-19
Dealing in Shares by a Prescribed Officer of the Company
2024-01-12
Dealings by Associates of a Director
2024-01-03
Dealings In Shares By Associates Of A Director
2023-12-28
Dealings by Associate of a Director
2023-12-20
Dealings by Associate of a Director
2023-12-14
Voluntary Operational And Financial Update For The Third Quarter Ending 30 November 2023, Of The 2024 Financial Year
2023-12-06
Dealings by Associates of a Director
2023-12-01
Dealings by Associates of a Director
2023-11-21
Dealings by Associates of a Director
2023-11-16
Dealing by an Associate of a Director
2023-11-03
Dealings by Associates of a Director
2023-10-24
Short-Form Announcement: Unaudited Interim Results And Dividend Declaration For The Six Months Ended 31 August 2023
2023-10-10
Notice Of Release Of Interim Results And Results Presentation
2023-08-25
Dealing in Shares by a Prescribed Officer of the Company
2023-08-21
Dealings by Associates of a Director
2023-08-15
Notice Of Pre-Close Investor Presentation
2023-08-01
Dealings by Associates of a Director
2023-07-24
Dealings In Shares By An Associate Of A Director
2023-07-14
Dealings by Associates of a Director
2023-07-05
Voluntary Operational And Financial Update For The First Quarter, Ending 31 May 2023, Of The 2024 Financial Year
2023-07-03
Vesting, Exercise and Related Settlement of Awards in Terms of the Spear Reit Limited Conditional Share Plan
2023-06-30
Results Of The Annual General Meeting
2023-06-29
Dealings by Associates of a Director
2023-06-22
Dealings by Associates of a Director
2023-06-21
Update On Implementation Of Disposal Of Liberty Life Building – Competition Authorities Unconditional Approval
2023-06-21
Clarification Announcement: 2023 Annual General Meeting Time
2023-06-13
Dealings by Associates of a Director
2023-06-07
Dealings By Associates of a Director and Prescribed Officers of the Company
2023-06-05
Dealings by Associates of a Director
2023-05-31
Dealings by Associates of a Director
2023-05-31
Distribution Of Integrated Report, No Change Statement And Notice Of Annual General Meeting
2023-05-31
Broad-Based Black Economic Empowerment Act: Annual Compliance Report
2023-05-26
Dealings By Associates Of A Director
2023-05-23
Acceptance of awards in terms of the Spear REIT Limited Conditional Share Plan
2023-05-23
Dealings by associates of a director
2023-05-22
Short-Form Announcement: Audited Financial Results And Dividend Declaration For The Year Ended 28 February 2023
2023-04-21
Notice Of Release Of Annual Results And Results Presentation
2023-02-28
Dealings by Associates of Directors
2023-02-23
Dealings by Associates of a Director
2023-02-20
Voluntary Announcement – General Repurchase Of Ordinary Shares
2023-02-14
Notice Of Pre-Close Investor Presentation
2023-02-13
Category 2 Disposal Announcement – Liberty Life Building
2023-02-08
Appointment of Director
2023-02-03
Update On The Implementation Of The Disposal Of 15 On Orange
2023-01-26
Dealings by Associates of Directors
2023-01-20
Dealing by an Associate of a Director
2023-01-20
Resignation of Independent Non-Executive Director
2023-01-06
Dealings by associates of a director
2022-12-22
Dealing in shares by an associate of a director
2022-12-14
Dealing in Shares by A Prescribed Officer
2022-12-08
Update On The Implementation Of The Disposal Of 15 On Orange
2022-12-02
Dealings by an Associate of a Director
2022-11-30
Disclosure of Acquisition of Securities
2022-11-28
Dealing in shares by associates of a director
2022-11-11
Disclosure of Acquisition of Securities
2022-11-09
Dealing by an Associate of a Director
2022-10-31
Dealings by an Associate of a Director
2022-10-24
Category 2 Disposal Announcement - 15 On Orange
2022-10-21
Short-Form Announcement: Unaudited Interim Results And Dividend Declaration For The Six Months Ended 31 August 2022
2022-10-12
Category 2 Acquisition Announcement – The Island
2022-09-21
Notice Of Release Of Interim Results And Results Presentation
2022-08-24
Changes to Board Committee
2022-08-24
Voluntary Announcement – Spear Proceeds With R74 Million Redevelopment Of Blackheath Park For Bravo Brands
2022-08-22
Notice of Pre-Close Investor Presentation
2022-08-15
Dealings by Associates of a Director
2022-08-04
Dealings by Associates of a Director
2022-08-01
Dealings by Associates of a Director
2022-07-26
Voluntary Announcement – Disposal Of 5 Fitzmaurice Avenue
2022-07-25
Dealings by an Associate of a Director
2022-07-01
Dealing In Securities By Directors And Prescribed Officers: Acceptance Of Awards And Share Vesting
2022-06-30
Results of the Annual General Meeting
2022-06-29
Dealings by Associates of a Director
2022-06-28
Broad-Based Black Economic Empowerment Act: Annual Compliance Report
2022-06-28
Voluntary Operational And Financial Update For The Three Months Ending 31 May 2022
2022-06-27
Dealing in shares by an associate of a director
2022-06-17
Dealing By An Associate Of A Director
2022-06-09
Dealing in shares by an associate of a director
2022-06-06
Cash Dividend Timetable
2022-06-06
Dealings by Associates of a Director
2022-06-01
Withdrawal Of The Entitlement To Elect The Dividend Reinvestment Alternative
2022-05-31
Distribution of Integrated Report, No Change Statement and Notice Of Annual General Meeting
2022-05-31
Dealings by Associates of a Director
2022-05-30
Distribution Of Circular And Form Of Election
2022-05-26
Short-Form Announcement: Reviewed Financial Results And Dividend Declaration For The Year Ended 28 February 2022
2022-05-12
Voluntary Update: Acquisition of 27 Junction Road, Parow
2022-05-12
Notice Of Release Of Results And Results Presentation