Spear REIT Limited (“Spear”) listed as a Real Estate Investment Trust (“REIT”) on the main board of the Johannesburg Stock Exchange (“JSE”) and is the only regionally-focused REIT listed on the JSE that predominantly invests in high-quality income-generating assets in the Western Cape. Spear obtains its diversification through asset type rather than geographical investment. The company conducts its business directly and through a number of subsidiaries, collectively referred to as the “group”. The company’s property and asset management functions are internally and directly managed by the Spear executive management team.
Metrics to compare | SEAJ | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipSEAJPeersSector | |
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P/E Ratio | 6.5x | 8.1x | 9.0x | |
PEG Ratio | 0.49 | 0.04 | 0.01 | |
Price/Book | 0.9x | 0.7x | 0.9x | |
Price / LTM Sales | 4.9x | 3.5x | 4.0x | |
Upside (Analyst Target) | 12.7% | 3.6% | 12.5% | |
Fair Value Upside | Unlock | 6.5% | −0.8% | Unlock |