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LIVE · 07:11 UTC
SEAJ.J57

Spear REIT Ltd

Commercial REITsLatest Reported

Spear REIT Ltd has a fully diluted share count of 395,758,545, with no difference between basic and diluted shares outstanding, indicating no dilution risk from stock options or convertible securities. However, liquidity risk could not be assessed due to missing balance-sheet inputs and no going-concern language in source documents. Profitability metrics are not available in the valuation snapshot, and no industry-specific preferred metrics are provided in the industry_config. Analysts have estimated a mean revenue of 494 million ZAR, compared to the last actual revenue of 450.18 million ZAR, suggesting a potential revenue growth of 9.7%. The company's revenue is concentrated in its commercial real estate operations, with no disclosed geographic diversification or segment breakdown in the available data. This lack of diversification could expose the company to regional economic downturns or sector-specific risks. Outlook data is not available for Spear REIT Ltd, but analyst estimates suggest a potential increase in revenue from 450.18 million ZAR to 494 million ZAR. Without a detailed outlook, it is difficult to assess the company's growth trajectory or future performance. Risk factors include the inability to assess liquidity risk due to missing financial data. The company is also exposed to real estate market volatility, interest rate changes, and tenant default risks, which are inherent to the commercial REIT industry. Recent events include analyst estimates for the next reporting period, with a mean price target of 14.25 ZAR and a median price target of 14.25 ZAR. The last actual EPS was 0.87 ZAR, and the mean revenue estimate is 494 million ZAR.

30-day price · SEAJ.J+85.00 (+7.0%)
Low$1190.00High$1340.00Close$1300.00As of15 May, 00:00 UTC
Profile
CompanySpear REIT Ltd
TickerSEAJ.J
SectorReal Estate
BusinessReal Estate
Industry groupReal Estate
IndustryCommercial REITs
AI analysis

Business. Spear REIT Ltd is a South African commercial real estate investment trust that owns and manages a portfolio of income-generating properties, primarily generating revenue through rental income from its commercial assets.

Classification. Spear REIT Ltd is classified under the Real Estate economic sector, Real Estate business sector, and Commercial REITs industry with a confidence level of 0.92.

Spear REIT Ltd has a fully diluted share count of 395,758,545, with no difference between basic and diluted shares outstanding, indicating no dilution risk from stock options or convertible securities. However, liquidity risk could not be assessed due to missing balance-sheet inputs and no going-concern language in source documents. Profitability metrics are not available in the valuation snapshot, and no industry-specific preferred metrics are provided in the industry_config. Analysts have estimated a mean revenue of 494 million ZAR, compared to the last actual revenue of 450.18 million ZAR, suggesting a potential revenue growth of 9.7%. The company's revenue is concentrated in its commercial real estate operations, with no disclosed geographic diversification or segment breakdown in the available data. This lack of diversification could expose the company to regional economic downturns or sector-specific risks. Outlook data is not available for Spear REIT Ltd, but analyst estimates suggest a potential increase in revenue from 450.18 million ZAR to 494 million ZAR. Without a detailed outlook, it is difficult to assess the company's growth trajectory or future performance. Risk factors include the inability to assess liquidity risk due to missing financial data. The company is also exposed to real estate market volatility, interest rate changes, and tenant default risks, which are inherent to the commercial REIT industry. Recent events include analyst estimates for the next reporting period, with a mean price target of 14.25 ZAR and a median price target of 14.25 ZAR. The last actual EPS was 0.87 ZAR, and the mean revenue estimate is 494 million ZAR.
Key takeaways
  • Spear REIT Ltd has no dilution risk from stock options or convertible securities, as basic and diluted shares are equal.
  • Analysts project a potential 9.7% revenue growth from 450.18 million ZAR to 494 million ZAR.
  • Liquidity risk could not be assessed due to missing balance-sheet data and no going-concern language in source documents.
  • The company's revenue is concentrated in commercial real estate, exposing it to regional and sector-specific risks.
  • Analysts have set a consistent price target of 14.25 ZAR, with no variation between mean, median, high, or low estimates.
Financial snapshot
PeriodLatest reported
CurrencyUnknown error in universe processing
Revenue
Gross profit
Operating income
Net income
R&D
SG&A
D&A
SBC
Operating cash flow
CapEx
Free cash flow
Total assets
Total liabilities
Total equity
Cash & equivalents
Long-term debt
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY-4$531.2M$213.2M$53.0M$68.7M
FY-3$574.9M$316.1M$164.9M$178.2M
FY-2$581.2M$320.1M$182.2M$197.5M
FY-1$619.4M$521.2M$362.7M$378.0M
FY0$691.5M$650.5M$525.1M$540.6M
PeriodGross %Op %Net %FCF %
FY-4
FY-3
FY-2
FY-1
FY0
PeriodAssetsEquityCashDebt
FY-4$4.58B$2.37B-$1.0k
FY-3$4.53B$2.65B
FY-2$4.26B$2.59B
FY-1$4.67B$3.06B
FY0$5.64B$3.91B
PeriodOCFCapExFCFSBC
FY-4$10.6M-$29.0k$68.7M
FY-3$33.7M-$496.0k$178.2M
FY-2$43.1M-$54.0k$197.5M
FY-1$35.9M-$69.0k$378.0M
FY0$73.6M-$154.0k$540.6M
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
FQ-7
FQ-6
FQ-5
FQ-4
FQ-3
FQ-2
FQ-1
FQ0
PeriodGross %Op %Net %FCF %
FQ-7
FQ-6
FQ-5
FQ-4
FQ-3
FQ-2
FQ-1
FQ0
PeriodAssetsEquityCashDebt
FQ-7
FQ-6
FQ-5
FQ-4
FQ-3
FQ-2
FQ-1
FQ0
PeriodOCFCapExFCFSBC
FQ-7
FQ-6
FQ-5
FQ-4
FQ-3
FQ-2
FQ-1
FQ0
Valuation
Market price
Market cap
Enterprise value
P/E
Reported non-GAAP P/E
EV/Revenue
EV/Op income
EV/OCF
P/B
P/Tangible book
Tangible book
Net cash
Current ratio
Debt/Equity
ROA
ROE
Cash conversion
CapEx/Revenue
SBC/Revenue
Asset intensity
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskUnknown
  • Liquidity risk could not be assessed (no balance-sheet inputs and no going-concern language in source documents).
Industry benchmarks
Activity: Commercial REITs · cohort 85 companies
MetricSEAJ.JActivity
Op margin56.7% medp25 31.8% · p75 72.5%
Net margin34.3% medp25 8.2% · p75 62.9%
Gross margin73.8% medp25 61.6% · p75 88.4%
CapEx / revenue-5.0% medp25 -25.8% · p75 -0.5%
Debt / equity71.5% medp25 38.1% · p75 106.5%
Recent coverage
Observations
IR observations
Mean price target14.25 ZAR
Median price target14.25 ZAR
High price target14.25 ZAR
Low price target14.25 ZAR
Last actual EPS0.87 ZAR
Mean revenue estimate494,000,000 ZAR
Last actual revenue450,181,000 ZAR
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-07 03:27 UTC#3aab7279
Source: analysis-pipeline (hybrid)Generated: 2026-05-29 08:57 UTCJob: b323dc00