Spear REIT (JSE:SEA) FFO: R355.9 Mil (TTM As of Feb. 2026)

What is Spear REIT FFO?

Spear REIT JSE:SEA +1.52% 65 FFO is R355.9 Mil 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.

FFO (Funds from operations) is a measure of cash generated by by real estate investment trusts (REITs).

Spear REIT's FFO (Funds from operations) for the six months ended in Feb. 2026 was R195.5 Mil.

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Spear REIT FFO Historical Data

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The historical data trend for Spear REIT's 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 FFO Chart

Spear REIT Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

FFO

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180.74

200.43

201.22

263.70

355.93

Spear REIT Semi-Annual Data
	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25	Aug25	Feb26
FFO	Get a 7-Day Free Trial														102.00	108.71	154.99	160.43	195.50

65GF Score

Spear REIT Ltd JSE:SEA

FFO is just one metric. See GF Score™, valuation, warning signs, and more.

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Spear REIT FFO Calculation

FFO (Funds from operations) is a measure of cash generated by by real estate investment trusts (REITs). It is different from Cash Flow from Operations.

GuruFocus' FFO (Funds from operations) data is provided directly by our data vendor. Instead of collecting data from a company's financial reports, the vendor calculates FFO based on its own methodology.

FFO 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 R355.9 Mil.

Frequently Asked Questions Learn more about FFO →

What does a FFO of R355.9 Mil mean?

Spear REIT (JSE:SEA) has a FFO of R355.9 Mil as of Feb. 2026. Funds from Operations represent the total amount of cash a REIT generates through its operations. View historical data for Spear REIT and its competitors.

Is Spear REIT's FFO too high?

Spear REIT's current FFO is R355.9 Mil. 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 FFO compare to VICI and WPC?

Spear REIT's FFO of R355.9 Mil 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 FFO for a REITs company?

A good FFO depends on the REITs industry context. However, 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 FFO mean?

A high FFO can signal that a stock is expensive relative to its fundamentals. Funds from Operations represent the total amount of cash a REIT generates through its operations. View historical data for Spear REIT and its competitors. Spear REIT's current FFO is R355.9 Mil. 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 FFO is R355.9 Mil. 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 FFO calculated?

FFO is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current FFO is R355.9 Mil 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:

FFO: R355.9 Mil
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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FFO 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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