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Spear REIT's dividends per share for the
six
months ended in Feb. 2026 was R0.42. Its dividends per share for the trailing twelve months (TTM) ended in Feb. 2026 was R0.83. Its Dividend Payout Ratio for the
six
months ended in Feb. 2026 was 0.92. As of today, Spear REIT's Dividend Yield % is 6.63%.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Spear REIT Ltd is 0.95, which seems too high.
Warning Sign:
Spear REIT Ltd stock Dividend Yield % is close to 5-year low.
During the past 12 months, Spear REIT's average Dividends Per Share Growth Rate was 4.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 4.80% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 3.60% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
During the past 10 years, the highest 3-Year average Dividends Per Share Growth Rate of Spear REIT was 8.70% per year. The lowest was -9.20% per year. And the median was 2.55% per year.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Spear REIT (JSE:SEA) Dividends per Share Explanation
1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.
Spear REIT's Dividend Payout Ratio for the quarter that ended in Feb. 2026 is calculated as
During the past 10 years, the highest Dividend Payout Ratio of Spear REIT was 1.00. The lowest was 0.65. And the median was 0.95.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Spear REIT Ltd is 0.95, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Spear REIT Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
ZAR 0.445740
2026-06-03
2026-06-05
2026-06-08
Cash Dividend
semi-annually
ZAR:ZAR 1.000000
ZAR 0.415870
2025-11-05
2025-11-07
2025-11-10
Cash Dividend
semi-annually
ZAR:ZAR 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Spear REIT's Dividend Yield (%) for Today is calculated as
Current Share Price is R13.00.
Spear REIT's Dividends per Share for the trailing twelve months (TTM) ended in Today is R0.86161.
During the past 10 years, the highest Dividend Yield of Spear REIT was 18.08%. The lowest was 5.76%. And the median was 8.49%.
Warning Sign:
Spear REIT Ltd stock Dividend Yield % is close to 5-year low.
* 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 Dividends per Share Related Terms
Spear REIT Dividends per Share Historical Data
* Premium members only.
The historical data trend for Spear REIT's Dividends per Share 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.
JSE:SEA vs VICI, WPC: Dividends per Share Comparison
For the REIT - Diversified subindustry, Spear REIT's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Yield % vs REITs Industry
For the REITs industry and Real Estate sector, Spear REIT's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Spear REIT's Dividend Yield % falls into.
Spear REIT (JSE:SEA) has a Dividends per Share of R0.83 as of Feb. 2026. Dividends per share represents the per-share amount paid as dividends. View historical data on Spear REIT and its competitors.
Is Spear REIT's Dividends per Share too high?
Spear REIT's current Dividends per Share is R0.83. Overall, Spear REIT has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spear REIT's Dividends per Share compare to VICI and WPC?
Spear REIT's Dividends per Share of R0.83 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 Dividends per Share for a REITs company?
A good Dividends per Share depends on the REITs industry context. However, Dividends per Share 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 Dividends per Share mean?
A high Dividends per Share can signal that a stock is expensive relative to its fundamentals. Dividends per share represents the per-share amount paid as dividends. View historical data on Spear REIT and its competitors. Spear REIT's current Dividends per Share is R0.83. 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 R6.91, compared to a current price of R13.00 — trading 88.1% above its estimated fair value. The current Dividends per Share is R0.83. Spear REIT's overall GF Score™ is 65/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividends per Share calculated?
Dividends per Share is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current Dividends per Share is R0.83 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 R13.00 is trading 88.1% above its estimated GF Value™ of R6.91.
GuruFocus considers Spear REIT to be Significantly Overvalued.
Key valuation signals for JSE:SEA:
Dividends per Share: R0.83
GF Value™: R6.91 vs. price of R13.00 (88.1% above fair value)
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 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.
65GF Score
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Dividends per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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