Spear REIT (JSE:SEA) Dividend-Payout-to-FFO: 0.89 (As of Feb. 2026)

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JSE:SEA Spear REIT Ltd JSE:SEA
68 GF Score
Price R12.90
GF Value R6.56
Valuation Significantly Overvalued
! 12 Warning Signs
View Full Analysis

What is Spear REIT Dividend-Payout-to-FFO?

Spear REIT JSE:SEA 68 Dividend-Payout-to-FFO is 0.89 as of Feb. 2026. GuruFocus rates JSE:SEA with a GF Score™ of 68/100 and a GF Value™ of R6.56 (Significantly Overvalued). The stock has 12 warning signs investors should review.

Dividend-Payout-to-FFO is calculated as Dividends per Share divided by its FFO per Share.

Spear REIT's Dividends per Share for the six months that ended in Feb. 2026 was R0.42 Mil. Spear REIT's FFO per Share for the six months that ended in Feb. 2026 was R0.47 Mil. Therefore, Spear REIT's dividend payout to FFO for the six months ended in Feb. 2026 was 0.89.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Spear REIT Dividend-Payout-to-FFO Related Terms

Spear REIT Dividend-Payout-to-FFO Historical Data

* Premium members only.

The historical data trend for Spear REIT's Dividend-Payout-to-FFO can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Spear REIT Dividend-Payout-to-FFO Chart

Spear REIT Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Dividend-Payout-to-FFO
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.85 0.88 0.89 0.91

Spear REIT Semi-Annual Data
Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Dividend-Payout-to-FFO Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 0.99 0.81 0.93 0.89

JSE:SEA vs VICI, WPC: Dividend-Payout-to-FFO Comparison

For the REIT - Diversified subindustry, Spear REIT's Dividend-Payout-to-FFO, along with its competitors' market caps and Dividend-Payout-to-FFO data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Spear REIT Dividend-Payout-to-FFO vs REITs Industry

For the REITs industry and Real Estate sector, Spear REIT's Dividend-Payout-to-FFO distribution charts can be found below:

* The bar in red indicates where Spear REIT's Dividend-Payout-to-FFO falls into.


JSE:SEA
68GF Score
Spear REIT Ltd JSE:SEA
Dividend-Payout-to-FFO is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spear REIT Dividend-Payout-to-FFO Calculation

Dividend-Payout-to-FFO is calculated as Dividends per Share divided by its FFO per Share.

Spear REIT's Dividend-Payout-to-FFO for the fiscal year that ended in Feb. 2026 is calculated as

Dividend-Payout-to-FFO=Dividends per Share (A: Feb. 2026 )/FFO per Share (A: Feb. 2026 )
=0.833/0.918
=0.91

Spear REIT's Dividend-Payout-to-FFO for the quarter that ended in Feb. 2026 is calculated as

Dividend-Payout-to-FFO=Dividends per Share (Q: Feb. 2026 )/FFO per Share (Q: Feb. 2026 )
=0.416/0.469
=0.89

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend-Payout-to-FFO →
What does a Dividend-Payout-to-FFO of 0.89 mean?
Spear REIT (JSE:SEA) has a Dividend-Payout-to-FFO of 0.89 as of Feb. 2026. Dividend Payout to FFO is the percent of a REIT's funds from operations paid out as dividends. View historical data on Spear REIT and its competitors.
Is Spear REIT's Dividend-Payout-to-FFO too high?
Spear REIT's current Dividend-Payout-to-FFO is 0.89. Overall, Spear REIT has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spear REIT's Dividend-Payout-to-FFO compare to VICI and WPC?
Spear REIT's Dividend-Payout-to-FFO of 0.89 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend-Payout-to-FFO for a REITs company?
A good Dividend-Payout-to-FFO depends on the REITs industry context. However, Dividend-Payout-to-FFO should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend-Payout-to-FFO mean?
A high Dividend-Payout-to-FFO can signal that a stock is expensive relative to its fundamentals. Dividend Payout to FFO is the percent of a REIT's funds from operations paid out as dividends. View historical data on Spear REIT and its competitors. Spear REIT's current Dividend-Payout-to-FFO is 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spear REIT stock overvalued right now?
Based on GuruFocus' analysis, Spear REIT (JSE:SEA) is currently considered Significantly Overvalued. The stock's GF Value™ is R6.56, compared to a current price of R12.90 — trading 96.6% above its estimated fair value. The current Dividend-Payout-to-FFO is 0.89. Spear REIT's overall GF Score™ is 68/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend-Payout-to-FFO calculated?
Dividend-Payout-to-FFO is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current Dividend-Payout-to-FFO is 0.89 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Spear REIT (JSE:SEA) Overvalued in 2026?

Based on GuruFocus' analysis, Spear REIT stock appears to be overvalued. The current stock price of R12.90 is trading 96.6% above its estimated GF Value™ of R6.56. GuruFocus considers Spear REIT to be Significantly Overvalued.

Key valuation signals for JSE:SEA:

  • Dividend-Payout-to-FFO: 0.89
  • GF Value™: R6.56 vs. price of R12.90 (96.6% above fair value)
  • GF Score™: 68/100 with 12 warning signs

No single metric tells the full story. See the JSE:SEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Spear REIT Business Description

Industry Real EstateREITs
Address 2 Long Street, PO Box 50, 16th Floor, Observatory, 7935, Cape Town, ZAF, 8001
Spear REIT Ltd is a real estate investment trust. The company has five segments Industrial, Commercial, Retail, Development, and Non-property. The company generates majority of revenue from Industrial segment. The industrial portfolio comprises a diverse range of multi-let industrial properties, warehouses, logistics parks, and urban logistics facilities. The company has presence in Cape.
68GF Score

Get the complete analysis for JSE:SEA

Dividend-Payout-to-FFO is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R12.90
Price
R6.56
GF Value