Spear Reit Limited

SEA

ZAE000228995

Diversified REITs

End-of-day quote Johannesburg S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
7.71 ^ZAR	+1.45%		-1.15%	-5.86%

Apr. 02	Spear Reit Limited Announces Acquisition of Western Cape Real Estate Portfolio	CI
Apr. 02	Spear Reit Limited agreed to acquire 13 predominantly industrial and office properties situated in the Western Cape from Emira Property Fund Limited, Lowmer Investments Ltd, Freestone Property Investments Ltd, Monagon Properties Ltd and Rapidough Properties 509 Ltd for approximately ZAR 1.146 billion.	CI

Spear Reit Limited Reports Earnings Results for the Half Year Ended August 31, 2023

September 29, 2023

Spear Reit Limited reported earnings results for the half year ended August 31, 2023. For the half year, the company reported sales was ZAR 220.86 million compared to ZAR 219.23 million a year ago. Revenue was ZAR 294.21 million compared to ZAR 294.04 million a year ago.

Net income was ZAR 115.99 million compared to ZAR 98.5 million a year ago. Basic earnings per share from continuing operations was ZAR 0.5072 compared to ZAR 0.4023 a year ago. Diluted earnings per share from continuing operations was ZAR 0.4988 compared to ZAR 0.4023 a year ago.

Latest news about Spear Reit Limited

Spear Reit Limited Announces Acquisition of Western Cape Real Estate Portfolio	Apr. 01	CI
Spear Reit Limited agreed to acquire 13 predominantly industrial and office properties situated in the Western Cape from Emira Property Fund Limited, Lowmer Investments Ltd, Freestone Property Investments Ltd, Monagon Properties Ltd and Rapidough Properties 509 Ltd for approximately ZAR 1.146 billion.	Apr. 01	CI
Transcript : Spear Reit Limited - Special Call	Feb. 29
Transcript : Spear Reit Limited, H1 2024 Earnings Call, Oct 24, 2023	23-10-24
Spear Reit Limited Reports Earnings Results for the Half Year Ended August 31, 2023	23-09-29	CI
Transcript : Spear Reit Limited - Special Call	23-08-29
Spear REIT Reports Lower Fiscal Q1 Property Revenue	23-07-06	MT
Transcript : Spear Reit Limited, 2023 Earnings Call, May 22, 2023	23-05-22
Spear Reit Limited Reports Earnings Results for the Full Year Ended February 28, 2023	23-05-22	CI
Spear Reit to Seek Inorganic Growth Opportunities	23-02-28	CI
Transcript : Spear Reit Limited, H2 2022 Sales/ Trading Statement Call, Feb 28, 2023	23-02-28
Capitec Bank Limited entered into a sale of rental enterprise agreement to acquire The Liberty Life Building, Century City Boulevard from Spear Reit Limited for ZAR 400 million.	23-02-12	CI
Spear Reit Limited Appoints Bongani Raziya as an Independent Non-Executive Director, and as Member of the Social and Ethics, Audit and Risk, Remuneration and Investment Committees	23-02-07	CI
Spear REIT Completes ZAR246 Million Property Sale	23-02-03	MT
Spear Reit Limited Announces Resignation of Niclas Kjellström-Matseke as Independent Non-Executive Director	23-01-19	CI
Standard Bank Group Limited acquired an unknown stake in Spear Reit Limited.	22-11-29	CI
Old Mutual Limited acquired an unknown minority stake in Spear Reit Limited.	22-11-10	CI
Transcript : Spear Reit Limited, H1 2023 Earnings Call, Oct 21, 2022	22-10-21
Spear Reit Limited Reports Earnings Results for the Half Year Ended August 31, 2022	22-10-20	CI
Spear Reit Limited entered into a sale of rental enterprise agreement to acquire The Island Milnerton, Western Cape from Inospace 2 Proprietary Limited for SAR 185 million.	22-10-11	CI
Spear Reit to Seek Acquisitions	22-08-31	CI
Transcript : Spear Reit Limited - Special Call	22-08-31
Spear Reit Limited Announces Board Committee Changes	22-08-23	CI
Rex Trueform Group Limited entered in to an agreement to acquire ERF 176024 Cape Town situated at 5 Fitzmaurice Avenue from Spear Reit Limited for ZAR 85 million.	22-07-25	CI
Spear Reit Limited Reports Earnings Results for the Full Year Ended February 28, 2022	22-05-30	CI

Chart Spear Reit Limited

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Company Profile

Spear REIT Limited owns and manages diversified real estate assets in South Africa. Rental income breaks down by type of asset as follows: - shopping centers (38.6%); - industrial premises (28.7%); - stores (17.9%); - hotels (10.1%); - residences (2%); - other (2.7%). At the end of February 2019, the Group's real estate portfolio consisting of 30 assets with a total surface area of 402,652 m2, amounted in market value to ZAR 3,524 million, broken down by type of assets as follows: commercial centres (42%), industrial premises (27.1%), shopping centres (15.9%), hotels (14.3%) and residences (0.7%).

Sector

Diversified REITs

Calendar

2024-05-15 - Q4 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

771 ZAC

Average target price

975 ZAC

Spread / Average Target

+26.46%

Consensus

Chiffre d''affaires - Rate of surprise

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Sector Diversified REITs

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