Equities

Spear REIT Ltd

SEA:JNB

Spear REIT Ltd

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Real EstateReal Estate Investment Trusts
  • Price (ZAX)836.00
  • Today's Change6.00 / 0.72%
  • Shares traded23.51k
  • 1 Year change+19.09%
  • Beta0.3933
Data delayed at least 15 minutes, as of Jun 05 2024 16:00 BST.
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About the company

Spear REIT Limited is a South Africa-based real estate investment trust (REIT). The Company’s primary business is investing in income-generating real estate across all sectors within the Western Cape, in the Cape Town region. Its investment portfolio is made up of approximately 29 properties comprising a mix of industrial, commercial, retail, real estate by gross lettable area (GLA). Its diversified industrial portfolio comprises multi-let industrial spaces, warehouses, logistics parks, and urban logistics facilities. Its retail portfolio consists of a mix of convenience and destination retail centers. The total gross lettable area of the portfolio is approximately 426,542 square meters. Its property portfolio includes Mega Park, Bellville; Sable Square Shopping Centre, Milnerton; 2 Long Street, Cape Town; Northgate Park, Brooklyn; Estuaries, Century City; Viking Business Park, Epping; 30 Marine Drive, Paarden Eiland; 1 Beacon Way, Bellville, and Sterling Place, Tygervalley.

  • Revenue in ZAR (TTM)619.40m
  • Net income in ZAR362.74m
  • Incorporated2015
  • Employees30.00
  • Location
    Spear REIT Ltd16th Floor, 2 Long StreetCAPE TOWN 8001South AfricaZAF
  • Phone+27 212862700
  • Websitehttps://spearprop.co.za/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
SEA:JNB since
announced
Transaction
value
Emira Property Fund Ltd-13 commercial propertiesDeal completed03 Apr 202403 Apr 2024Deal completed3.34%--
Data delayed at least 15 minutes, as of Jun 05 2024 16:00 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Trematon Capital Investments Ltd558.86m76.66m470.16m544.006.180.62--0.84130.33970.33972.483.390.2320.083826.761,027,312.005.411.506.181.7299.5398.2723.308.110.9823--0.561--12.9411.69291.0114.95-15.87--
Newpark Reit Ltd130.89m-222.28m480.00m----0.7477--3.67-2.22-2.221.316.420.1028--28.49---17.46-0.5206-17.73-0.531879.04---169.83-5.85--0.30370.425--3.330.4625-270.13---3.5810.20
RMB Holdings Ltd76.00m89.00m529.31m48.78k5.840.34735.956.960.06510.06510.0561.090.0305--0.2934--3.57--3.65------117.11------0.00--46.15---172.01------
Accelerate Property Fund Ltd858.20m-855.28m920.16m61.00--0.1342--1.07-0.6112-0.61630.61063.730.0802--0.857314,068,820.00-7.99-2.48-10.48-2.8859.6064.23-99.66-32.98--0.3210.4569---6.14-6.62-13,748.67---20.49--
Texton Property Fund Ltd271.33m-63.21m1.10bn24.00--0.4705--4.05-0.2103-0.21030.9057.080.0887--9.04---2.07-2.22-2.29-2.8259.4861.99-23.30-20.60--0.64520.3718---10.36-12.70-137.19--21.81-26.42
Oasis Crescent Property Fund131.25m285.07m1.30bn0.004.620.73084.559.884.274.271.9727.030.0746--13.55--16.208.0616.828.4462.9265.25217.20116.94----0.000849.1522.672.461,995.8112.93---0.226
Safari Investments (RSA) Ltd489.34m309.12m1.35bn--4.380.55555.992.771.201.201.909.450.12956.4120.06--8.186.239.557.1664.4165.5463.1757.170.0976--0.364569.769.8112.9427.2619.71---0.8984
Spear REIT Ltd619.40m362.74m2.34bn30.005.680.70116.183.771.461.462.5311.800.1386--29.7620,646,800.008.124.468.974.8465.2967.3058.5634.56----0.290384.536.577.3499.086.05-48.92-1.81
Octodec Investments Ltd2.03bn349.30m2.63bn191.007.540.40767.301.301.311.317.6224.260.1778--12.8910,614,140.003.060.73893.420.843745.9749.6217.234.56--1.800.4047368.732.210.90420.88182.4697.89-7.87
Collins Property Group Ltd1.16bn485.89m2.84bn5.01k4.500.67415.212.461.894.774.5112.620.082--4.20--3.800.70214.630.8245----46.377.94--4.150.6008--2.14-8.00-0.6478-5.52-50.832.56
Acsion Ltd1.32bn1.23bn3.07bn412.002.430.29743.352.333.213.213.4326.160.0976--43.833,206,947.009.407.089.997.58----96.3287.400.4641--0.16113.9730.2215.11-24.051.7657.407.57
Heriot Reit Ltd917.07m977.58m3.46bn--3.530.845--3.773.833.833.5915.980.117--15.76--13.168.1114.889.2568.8269.93112.5082.460.5971--0.425854.428.687.0758.1514.10130.606.05
Data as of Jun 05 2024. Currency figures normalised to Spear REIT Ltd's reporting currency: South African Rand ZAR

Institutional shareholders

15.76%Per cent of shares held by top holders
HolderShares% Held
Merchant West Investments (Pty) Ltd.as of 30 Apr 202419.82m7.02%
Old Mutual Investment Group (Pty) Ltd.as of 11 Nov 202212.44m4.40%
Investec Wealth & Investment Management (Pty) Ltd.as of 31 Mar 20242.68m0.95%
Catalyst Fund Managers (Pty) Ltd.as of 31 Mar 20242.15m0.76%
Plexus Wealth KZN (Pty) Ltd.as of 30 Jun 20211.73m0.61%
36ONE Asset Management Pty Ltd.as of 31 Dec 20221.62m0.57%
Capricorn Fund Managers (Pty) Ltd.as of 31 Mar 20241.05m0.37%
Sesfikile Capital (Pty) Ltd.as of 30 Jun 20211.04m0.37%
Harvard House Investment Management (Pty) Ltd.as of 31 Mar 20241.00m0.35%
Boutique Collective Investments (RF) (Pty) Ltd.as of 31 Mar 2024979.04k0.35%
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Data from 31 Dec 2022 - 30 Apr 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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