Spear REIT (JSE:SEA) EPS (Basic): R2.11 (TTM As of Feb. 2026)

What is Spear REIT EPS (Basic)?

Spear REIT JSE:SEA +1.52% 65 EPS (Basic) is R2.11 as of Feb. 2026. GuruFocus rates JSE:SEA with a GF Score™ of 65/100 and a GF Value™ of R7.03 (Significantly Overvalued). The stock has 11 warning signs investors should review.

Spear REIT's basic earnings per share (Basic EPS) for the six months ended in Feb. 2026 was R1.37. Its basic earnings per share (Basic EPS) for the trailing twelve months (TTM) ended in Feb. 2026 was R2.11.

Spear REIT's EPS (Diluted) for the six months ended in Feb. 2026 was R1.34. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was R2.06.

Spear REIT's EPS without NRI for the six months ended in Feb. 2026 was R1.34. Its EPS without NRIearnings per share without non-recurring items for the trailing twelve months (TTM) ended in Feb. 2026 was 1.76.

During the past 12 months, Spear REIT's average EPS without NRIGrowth Rate was 143.10% per year. During the past 3 years, the average EPS without NRI Growth Rate was 37.90% per year. During the past 5 years, the average EPS without NRI Growth Rate was 16.20% 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 EPS without NRI Growth Rate using EPS without NRI data.

During the past 10 years, Spear REIT's highest 3-Year average EPS without NRI Growth Rate was 37.90% per year. The lowest was -27.00% per year. And the median was -4.30% per year.

Spear REIT (JSE:SEA) EPS (Basic) Explanation

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 EPS (Basic) Related Terms

Spear REIT EPS (Basic) Historical Data

* Premium members only.

The historical data trend for Spear REIT's EPS (Basic) 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 EPS (Basic) Chart

Spear REIT Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

EPS (Basic)

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0.76

0.79

1.62

1.83

2.11

Spear REIT Semi-Annual Data
	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25	Aug25	Feb26
EPS (Basic)	Get a 7-Day Free Trial														1.11	0.45	1.38	0.74	1.37

65GF Score

Spear REIT Ltd JSE:SEA

EPS (Basic) is just one metric. See GF Score™, valuation, warning signs, and more.

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Spear REIT EPS (Basic) Calculation

EPS (Basic) is a rough measurement of the amount of a company's profit that can be allocated to one share of its stock. Basic earnings per share (EPS) do not factor in the dilutive effects on convertible securities.

Spear REIT's Basic EPS for the fiscal year that ended in Feb. 2026 is calculated as

Basic EPS (A: Feb. 2026 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Basic Average)
	=	(799.747	-	0)	/	379.130
	=	2.11

Spear REIT's Basic EPS for the quarter that ended in Feb. 2026 is calculated as

Basic EPS (Q: Feb. 2026 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Basic Average)
	=	(540.015	-	0)	/	407.079
	=	1.33

EPS (Basic) 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 R2.11

Frequently Asked Questions Learn more about EPS (Basic) →

What does a EPS (Basic) of R2.11 mean?

Spear REIT (JSE:SEA) has a EPS (Basic) of R2.11 as of Feb. 2026. Earnings per share (basic) equals net income divided by the standard, non-diluted average shares outstanding. View historical data on Spear REIT and its competitors.

Is Spear REIT's EPS (Basic) too high?

Spear REIT's current EPS (Basic) is R2.11. 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 EPS (Basic) compare to VICI and WPC?

Spear REIT's EPS (Basic) of R2.11 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 EPS (Basic) for a REITs company?

A good EPS (Basic) depends on the REITs industry context. However, EPS (Basic) 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 EPS (Basic) mean?

A high EPS (Basic) can signal that a stock is expensive relative to its fundamentals. Earnings per share (basic) equals net income divided by the standard, non-diluted average shares outstanding. View historical data on Spear REIT and its competitors. Spear REIT's current EPS (Basic) is R2.11. 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 R7.03, compared to a current price of R13.40 — trading 90.6% above its estimated fair value. The current EPS (Basic) is R2.11. Spear REIT's overall GF Score™ is 65/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EPS (Basic) calculated?

EPS (Basic) is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current EPS (Basic) is R2.11 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 R13.40 is trading 90.6% above its estimated GF Value™ of R7.03. GuruFocus considers Spear REIT to be Significantly Overvalued.

Key valuation signals for JSE:SEA:

EPS (Basic): R2.11
GF Value™: R7.03 vs. price of R13.40 (90.6% above fair value)
GF Score™: 65/100 with 11 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 Estate REITs

Comparable Companies JSE:EMI JSE:HET JSE:BTN JSE:OCT JSE:SAC JSE:OAS JSE:ATT JSE:NRL ASX:GMG VICI WPC BSP:HSRE11 ASX:SGP XPAR:COV ASX:CHC ASX:GPT MEX:FUNO11 LSE:LAND LSE:BLND ASX:MGR

Address 2 Long Street, PO Box 50, 16th Floor, Observatory, 7935, Cape Town, ZAF, 8001

Website https://www.spearprop.co.za

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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EPS (Basic) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R13.40

Price

R7.03

GF Value

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