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Spear REITJSE:SEA 67 Earnings per Share (Diluted) is R2.06 as of Feb. 2026. GuruFocus rates JSE:SEA with a GF Score™ of 67/100 and a GF Value™ of R6.55 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 656 REITs companies, Spear REIT ranks better than 54.88% on this metric.
Spear REIT's EPS (Basic) for the
six
months ended in Feb. 2026 was R1.37.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Feb. 2026 was R2.11.
Spear REIT's EPS without NRI for the
six
months ended in Feb. 2026 was R0.45.
Its EPS without NRI for the trailing twelve months (TTM) ended in Feb. 2026 was R0.87.
During the past 12 months, Spear REIT's average EPS without NRIGrowth Rate was 3.20% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was 3.60% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was 2.80% per year.
During the past 10 years, Spear REIT's highest 3-Year average EPS without NRI Growth Rate was 3.60% per year. The lowest was -27.00% per year. And the median was -4.30% per year.
Spear REIT (JSE:SEA) Earnings per Share (Diluted) Explanation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Spear REIT Earnings per Share (Diluted) Related Terms
Spear REIT Earnings per Share (Diluted) Historical Data
* Premium members only.
The historical data trend for Spear REIT's Earnings per Share (Diluted) 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: Earnings per Share (Diluted) Comparison
For the REIT - Diversified subindustry, Spear REIT's PE Ratio, along with its competitors' market caps and PE Ratio 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 PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Spear REIT's PE Ratio distribution charts can be found below:
* The bar in red indicates where Spear REIT's PE Ratio falls into.
Spear REIT Earnings per Share (Diluted) Calculation
Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.
Spear REIT's Earnings Per Share (Diluted) for the fiscal year that ended in Feb. 2026 is calculated as
Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R2.06
* 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.
Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.
What does a Earnings per Share (Diluted) of R2.06 mean?
Spear REIT (JSE:SEA) has a Earnings per Share (Diluted) of R2.06 as of Feb. 2026. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Spear REIT and its competitors. According to the industry distribution chart, Spear REIT ranks #296 out of 656 companies in the REITs industry, placing it in the top 45.1%.
Is Spear REIT's Earnings per Share (Diluted) too high?
Spear REIT's current Earnings per Share (Diluted) is R2.06. Based on the distribution chart, Spear REIT ranks #296 out of 656 companies in the REITs industry, which is above the industry midpoint. Overall, Spear REIT has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spear REIT's Earnings per Share (Diluted) compare to VICI and WPC?
According to the REITs industry distribution chart, Spear REIT ranks #296 out of 656 companies for Earnings per Share (Diluted). This puts Spear REIT in the upper half of its industry. The industry median Earnings per Share (Diluted) is 1.65. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings per Share (Diluted) for a REITs company?
The median Earnings per Share (Diluted) among REITs companies is 1.65, based on 656 companies in the industry. Companies in the top quartile (top 25%) have a Earnings per Share (Diluted) significantly above this median, while those in the bottom quartile fall well below. However, Earnings per Share (Diluted) 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 Earnings per Share (Diluted) mean?
A high Earnings per Share (Diluted) can signal that a stock is expensive relative to its fundamentals. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Spear REIT and its competitors. For the REITs industry, the median Earnings per Share (Diluted) is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spear REIT's current Earnings per Share (Diluted) is R2.06. 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 R6.55, compared to a current price of R12.90 — trading 96.9% above its estimated fair value. The current Earnings per Share (Diluted) is R2.06. Spear REIT's overall GF Score™ is 67/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings per Share (Diluted) calculated?
Earnings per Share (Diluted) is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current Earnings per Share (Diluted) is R2.06 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 96.9% above its estimated GF Value™ of R6.55.
GuruFocus considers Spear REIT to be Significantly Overvalued.
Key valuation signals for JSE:SEA:
Earnings per Share (Diluted): R2.06
GF Value™: R6.55 vs. price of R12.90 (96.9% 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.
67GF Score
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