Spear Reit Limited (JSE:SEA)
South Africa · Delayed Price · Currency is ZAR · Price in ZAc 1,363.00
-12.00 (-0.87%)
Nov 6, 2026, 5:00 PM SAST
Spear Reit Income Statement
Financials in millions ZAR. Fiscal year is March - February.
Millions ZAR. Fiscal year is Mar - Feb.
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | Feb '26 Feb 28, 2026 | Feb '25 Feb 28, 2025 | Feb '24 Feb 29, 2024 | Feb '23 Feb 28, 2023 | Feb '22 Feb 28, 2022 |
Rental Revenue | 694.33 | 619.38 | 508.28 | 451.69 | 434.15 | 433.6 |
Tenant Reimbursements | 270.43 | 232.51 | 181.78 | 164.21 | 146 | 140.75 |
Other Revenue | 0.44 | 0.44 | 0.29 | 0.32 | - | 0.2 |
| 965.19 | 852.32 | 690.35 | 616.21 | 580.15 | 574.56 | |
Revenue Growth (YoY | 24.29% | 23.46% | 12.03% | 6.21% | 0.97% | 8.30% |
Property Expenses | 345 | 307.41 | 241.27 | 215.02 | 198.02 | 195.77 |
Selling, General & Administrative | 67.69 | 57.21 | 45.88 | 35.9 | 36.72 | 37.14 |
Depreciation & Amortization | 19.56 | 16.79 | 15.67 | 15.37 | 15.35 | 13.77 |
Other Operating Expenses | -0.01 | -0.01 | -0.15 | -3.19 | - | -0.05 |
Total Operating Expenses | 466.95 | 400.11 | 317.51 | 271.55 | 257.97 | 256.07 |
Operating Income | 498.25 | 452.21 | 372.84 | 344.66 | 322.19 | 318.49 |
Interest Expense | -163.59 | -150.29 | -122.03 | -159.18 | -138.15 | -150.94 |
Interest & Investment Income | 63.71 | 40.75 | 3.88 | 2.64 | 2.8 | 3.65 |
Other Non-Operating Income | -0.23 | -0.39 | -0.36 | -0.35 | 0.13 | -0.06 |
EBT Excluding Unusual Items | 398.14 | 342.28 | 254.33 | 187.77 | 186.96 | 171.15 |
Gain (Loss) on Sale of Investments | - | - | - | - | - | -0.27 |
Total Insurance Settlements | 0.86 | 0.86 | 0.95 | 0 | 0.64 | 0.02 |
Asset Writedown | 601.91 | 460.61 | 277.09 | 176.89 | -2.87 | -2.05 |
Pretax Income | 1,001 | 803.75 | 532.37 | 364.66 | 184.73 | 168.85 |
Income Tax Expense | 4.93 | 4 | 7.25 | 1.92 | 2.53 | 3.93 |
Earnings From Continuing Operations | 995.98 | 799.75 | 525.12 | 362.74 | 182.21 | 164.92 |
Net Income | 995.98 | 799.75 | 525.12 | 362.74 | 182.21 | 164.92 |
Net Income to Common | 995.98 | 799.75 | 525.12 | 362.74 | 182.21 | 164.92 |
Net Income Growth | 49.16% | 52.30% | 44.77% | 99.08% | 10.48% | 211.13% |
Basic Shares Outstanding | 440 | 379 | 286 | 225 | 232 | 217 |
Diluted Shares Outstanding | 449 | 388 | 293 | 229 | 236 | 217 |
Shares Change | 32.38% | 32.50% | 27.76% | -2.82% | 8.87% | 4.13% |
EPS (Basic) | 2.26 | 2.11 | 1.83 | 1.62 | 0.79 | 0.76 |
EPS (Diluted) | 2.22 | 2.06 | 1.79 | 1.58 | 0.77 | 0.76 |
EPS Growth | 12.67% | 14.94% | 13.31% | 104.85% | 1.48% | 198.82% |
Additional Metrics
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | Feb '26 Feb 28, 2026 | Feb '25 Feb 28, 2025 | Feb '24 Feb 29, 2024 | Feb '23 Feb 28, 2023 | Feb '22 Feb 28, 2022 |
Dividend Per Share | 0.895 | 0.862 | 0.813 | 0.789 | 0.760 | 0.682 |
Dividend Growth | 7.39% | 6.02% | 3.06% | 3.79% | 11.33% | 16.27% |
Operating Margin | 51.62% | 53.06% | 54.01% | 55.93% | 55.54% | 55.43% |
Profit Margin | 103.19% | 93.83% | 76.07% | 58.87% | 31.41% | 28.70% |
EBITDA | 517.81 | 469 | 388.51 | 360.03 | 337.53 | 332.26 |
EBITDA Margin | 53.65% | 55.03% | 56.28% | 58.43% | 58.18% | 57.83% |
D&A For Ebitda | 19.56 | 16.79 | 15.67 | 15.37 | 15.35 | 13.77 |
EBIT | 498.25 | 452.21 | 372.84 | 344.66 | 322.19 | 318.49 |
EBIT Margin | 51.62% | 53.06% | 54.01% | 55.93% | 55.54% | 55.43% |
Funds From Operations (FFO) | 394.25 | 345.78 | 244.7 | 190.78 | 178.46 | 157.07 |
Adjusted Funds From Operations (AFFO) | - | 345.78 | 244.7 | 190.78 | 178.46 | 157.07 |
FFO Payout Ratio | 98.25% | 86.87% | 94.36% | 90.11% | 93.89% | 80.83% |
Effective Tax Rate | 0.49% | 0.50% | 1.36% | 0.53% | 1.37% | 2.33% |
Revenue as Reported | 966.23 | 853.2 | 691.45 | 619.4 | 581.23 | 574.86 |