Spear REITJSE:SEA +1.52%65 FCF Margin % is 13.17% as of Feb. 2026, which is 43800% above its 10-year median of 0.03. 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. Among 936 REITs companies, Spear REIT ranks worse than 77.35% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Spear REIT's Free Cash Flow for the
six
months ended in Feb. 2026 was R60.2 Mil. Spear REIT's Revenue for the
six
months ended in Feb. 2026 was R457.0 Mil. Therefore, Spear REIT's FCF Margin % for the quarter that ended in Feb. 2026 was 13.17%.
The historical rank and industry rank for Spear REIT's FCF Margin % or its related term are showing as below:
JSE:SEA'
s FCF Margin % Range Over the Past 10 Years
Min: -19.63 Med: 0.03 Max: 63.55
Current: 2.25
During the past 10 years, the highest FCF Margin % of Spear REIT was 63.55%. The lowest was -19.63%. And the median was 0.03%.
JSE:SEA's FCF Margin % is ranked worse than 77.35% of 936
companies
in the REITs industry
Industry Median: 40.025
vs JSE:SEA: 2.25
Spear REIT FCF Margin % Related Terms
Spear REIT FCF Margin % Historical Data
* Premium members only.
The historical data trend for Spear REIT's FCF Margin % 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.
For the REIT - Diversified subindustry, Spear REIT's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Spear REIT's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Spear REIT's FCF Margin % falls into.
* 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 (JSE:SEA) has a FCF Margin % of 13.17% as of Feb. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Spear REIT and its competitors. This is 43800% above median its historical median of 0.03. According to the industry distribution chart, Spear REIT ranks #724 out of 936 companies in the REITs industry, placing it in the top 77.4%.
Is Spear REIT's FCF Margin % too high?
Spear REIT's current FCF Margin % of 13.17% is 43800% above median its 10-year median of 0.03. The REITs industry median FCF Margin % is 40.03. Spear REIT's value of 13.17% is 67.1% below this industry median. Based on the distribution chart, Spear REIT ranks #724 out of 936 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 FCF Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Spear REIT ranks #724 out of 936 companies for FCF Margin %. This places Spear REIT in the lower half of its industry. The industry median FCF Margin % is 40.03. Spear REIT's value of 13.17% is 67.1% below this benchmark. While the company's 10-year median is 0.03 vs. the industry median of 40.03, Spear REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a REITs company?
The median FCF Margin % among REITs companies is 40.03, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spear REIT's current FCF Margin % of 13.17% is 67.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Spear REIT and its competitors. For the REITs industry, the median FCF Margin % is 40.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spear REIT's current FCF Margin % is 13.17%, which is 43800% above median its own 10-year median of 0.03. 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 FCF Margin % is 13.17%, which is 43800% above median its 10-year median of 0.03 and 67.1% below the REITs industry median of 40.03. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current FCF Margin % is 13.17% 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:
FCF Margin %: 13.17% (43800% above median its 10-year median of 0.03)
GF Value™: R7.03 vs. price of R13.40 (90.6% above fair value)
Industry Position: 67.1% below the REITs median (#724 of 936)
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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