Spear Reit Future Growth

Future criteria checks 0/6

Spear Reit's revenue is forecast to decline at 13.2% per annum.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

REITs earnings growth	17.8%
Revenue growth rate	-13.2%
Future return on equity	n/a
Analyst coverage	Low
Last updated	21 Oct 2024

Recent future growth updates

No updates

Recent updates

Read This Before Selling Spear Reit Limited (JSE:SEA) Shares

Mar 15

Spear Reit (JSE:SEA) Shareholders Received A Total Return Of Negative 24% In The Last Three Years

Jan 21

Michael Flax Is The Non-Executive Deputy Chairman of Spear Reit Limited (JSE:SEA) And They Just Picked Up 6.5% More Shares

Nov 27

Earnings and Revenue Growth Forecasts

JSE:SEA - Analysts future estimates and past financials data (ZAR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
2/28/2026	489	N/A	N/A	N/A	1
2/28/2025	383	N/A	N/A	N/A	1
8/31/2024	631	364	198	198	N/A
5/31/2024	624	363	203	203	N/A
2/29/2024	616	363	208	208	N/A
11/30/2023	598	281	208	208	N/A
8/31/2023	581	200	208	208	N/A
5/31/2023	580	191	209	209	N/A
2/28/2023	580	182	211	211	N/A
11/30/2022	581	188	201	201	N/A
8/31/2022	581	194	190	190	N/A
5/31/2022	578	179	176	176	N/A
2/28/2022	575	165	161	161	N/A
11/30/2021	569	144	162	162	N/A
8/31/2021	563	124	164	164	N/A
5/31/2021	547	89	164	164	N/A
2/28/2021	531	53	163	163	N/A
11/30/2020	530	115	179	179	N/A
8/31/2020	530	178	195	195	N/A
5/31/2020	528	193	203	203	N/A
2/29/2020	527	207	210	210	N/A
11/30/2019	497	203	194	194	N/A
8/31/2019	467	198	178	178	N/A
5/31/2019	448	234	171	171	N/A
2/28/2019	429	270	164	164	N/A
11/30/2018	419	311	161	161	N/A
8/31/2018	408	351	158	158	N/A
5/31/2018	360	367	N/A	140	N/A
2/28/2018	312	383	N/A	121	N/A
2/28/2017	182	196	N/A	116	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SEA's forecast earnings growth is above the savings rate (9.7%).

Earnings vs Market: Insufficient data to determine if SEA's earnings are forecast to grow faster than the ZA market

High Growth Earnings: Insufficient data to determine if SEA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SEA's revenue is expected to decline over the next 3 years (-13.2% per year).

High Growth Revenue: SEA's revenue is forecast to decline over the next 3 years (-13.2% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if SEA's Return on Equity is forecast to be high in 3 years time

Spear Reit Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Recent updates

CFO & Executive Director recently bought R150k worth of stock

First half dividend increased to R0.40

New major risk - Dividend sustainability

Spear Reit Limited Announces Dividend Declaration for the Six Months Ended 31 August 2024, Payable on 18 November 2024

Spear Reit Limited to Report First Half, 2025 Results on Oct 24, 2024

36one Asset Management (Pty) Ltd. acquired an additional minority stake in Spear Reit Limited (JSE:SEA).

Upcoming dividend of R0.41 per share

New minor risk - Shareholder dilution

Spear Reit Limited, Annual General Meeting, Jul 31, 2024

Capitec Bank Limited acquired The Liberty Life Building, Century City Boulevard from Spear Reit Limited (JSE:SEA).

Capitec Bank Limited acquired The Liberty Life Building, Century City Boulevard from Spear Reit Limited (JSE:SEA).

CEO, MD & Director recently bought R138k worth of stock

Final dividend increased to R0.41

Full year 2024 earnings released: EPS: R1.49 (vs R0.79 in FY 2023)

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

New minor risk - Financial data availability

Now 20% undervalued after recent price drop

CFO & Executive Director recently bought R209k worth of stock

Chief Operating Officer recently sold R420k worth of stock

New minor risk - Insider selling

CEO, MD & Director recently bought R89k worth of stock

CFO & Executive Director recently bought R71k worth of stock

Now 20% undervalued

Upcoming dividend of R0.38 per share at 9.8% yield

CEO, MD & Director recently sold R532k worth of stock

New major risk - Financial position

Spear Reit Limited Declares Interim Dividend for the Six Months Ended 31 August 2023. Payable on 20 November 2023

Spear Reit Limited to Report First Half, 2024 Results on Oct 24, 2023

Chief Operating Officer recently sold R261k worth of stock

Now 21% undervalued

CEO, MD & Director recently bought R88k worth of stock

Now 23% undervalued after recent price drop

CEO, MD & Director recently bought R134k worth of stock

CEO, MD & Director recently bought R4.6m worth of stock

Spear Reit Limited, Annual General Meeting, Jun 30, 2023

Upcoming dividend of R0.39 per share at 11% yield

CEO, MD & Director recently bought R72k worth of stock

Spear Reit Limited Announces Dividend Declaration for the Year Ended 28 February 2023, Payable on 12 June 2023

CEO, MD & Director recently bought R116k worth of stock

Capitec Bank Limited entered into a sale of rental enterprise agreement to acquire The Liberty Life Building, Century City Boulevard from Spear Reit Limited (JSE:SEA) for ZAR 400 million.

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

CFO & Executive Director recently sold R3.4m worth of stock

Spear Reit Limited Announces Resignation of Niclas Kjellström-Matseke as Independent Non-Executive Director

Non-Executive Deputy Chairman recently bought R193k worth of stock

Standard Bank Group Limited (JSE:SBK) acquired an unknown stake in Spear Reit Limited (JSE:SEA).

Less than half of directors are independent

Upcoming dividend of R0.37 per share

Spear Reit Limited (JSE:SEA) entered into a sale of rental enterprise agreement to acquire The Island Milnerton, Western Cape from Inospace 2 Proprietary Limited for SAR 185 million.

CEO, MD & Director recently bought R1.6m worth of stock

Rex Trueform Group Limited (JSE:RTN) entered in to an agreement to acquire ERF 176024 Cape Town situated at 5 Fitzmaurice Avenue from Spear Reit Limited (JSE:SEA) for ZAR 85 million.

Upcoming dividend of R0.35 per share

Spear Reit Limited Declares Final Gross Dividend, Payable 20 June 2022

Spear Reit Limited, Annual General Meeting, Jun 30, 2022

Spear Reit Limited to Report First Half, 2023 Results on Oct 25, 2022

Spear Reit Limited to Report Fiscal Year 2022 Results on May 26, 2022

Less than half of directors are independent

Snow Storm Investments Proprietary Limited entered into a sale of letting enterprise agreement to acquire Erf 17611 Cape Town at 8 Section Street, Paarden Eiland from Spear Reit Limited (JSE:SEA) for ZAR 22.5 million.

CEO, MD & Director recently bought R112k worth of stock

CEO, MD & Director recently sold R840k worth of stock

CEO, MD & Director recently sold R840k worth of stock

GMCC Investments Proprietary Limited entered into a sale of letting enterprise agreement to acquire Erf 21623 Bellville from Spear Reit Limited (JSE:SEA) for ZAR 71.4 million.

Spear Reit Limited (JSE:SEA) entered into an agreement to acquire Property at 27 Junction Road, Parow, Cape Town for BRL 65 million.

CEO, MD & Director recently bought R136k worth of stock

CEO, MD & Director recently bought R203k worth of stock

CEO, MD & Director recently bought R72k worth of stock

Independent Non-Executive Director recently sold R4.5m worth of stock

Upcoming dividend of R0.33 per share

CEO, MD & Director recently sold R645k worth of stock

CEO, MD & Director recently sold R2.2m worth of stock

CEO, MD & Director exercised options to buy R1.3m worth of stock.

CEO, MD & Director recently bought R58k worth of stock

Inospace 5 Proprietary Limited entered into an agreement to acquire Island Business Park in Cape Town from Spear Reit Limited (JSE:SEA) for R20 million.

CEO, MD & Director recently bought R226k worth of stock

Upcoming dividend of R0.29 per share