Spear REIT (JSE:SEA) General and Admin. Expense: R13.3 Mil (TTM As of Feb. 2026)

Spear REIT JSE:SEA -0.45% 63 General and Admin. Expense is R13.3 Mil as of Feb. 2026. GuruFocus rates JSE:SEA with a GF Score™ of 63/100 and a GF Value™ of R6.99 (Significantly Overvalued). The stock has 11 warning signs investors should review.

General and Admin. Expense is the aggregate total of general managing and administering expenses for the company. Spear REIT's General and Admin. Expense for the six months ended in Feb. 2026 was R-11.2 Mil. Its General and Admin. Expense for the trailing twelve months (TTM) ended in Feb. 2026 was R13.3 Mil.

Spear REIT General and Admin. Expense Related Terms

Spear REIT General and Admin. Expense Historical Data

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The historical data trend for Spear REIT's General and Admin. Expense 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 General and Admin. Expense Chart

Spear REIT Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

General and Admin. Expense

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37.14

36.72

9.63

12.06

13.30

Spear REIT Semi-Annual Data
	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25	Aug25	Feb26
General and Admin. Expense	Get a 7-Day Free Trial														-6.71	17.54	-5.48	24.54	-11.24

63GF Score

Spear REIT Ltd JSE:SEA

General and Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.

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Spear REIT General and Admin. Expense Calculation

General and Admin. Expense is the aggregate total of general managing and administering expenses for the company.

General and Admin. Expense 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 R13.3 Mil.

Frequently Asked Questions Learn more about General and Admin. Expense →

What does a General and Admin. Expense of R13.3 Mil mean?

Spear REIT (JSE:SEA) has a General and Admin. Expense of R13.3 Mil as of Feb. 2026. General and Admin. Expense is the aggregate total of general managing and administering expenses for the company. View historical data on Spear REIT and its competitors.

Is Spear REIT's General and Admin. Expense too high?

Spear REIT's current General and Admin. Expense is R13.3 Mil. Overall, Spear REIT has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Spear REIT's General and Admin. Expense compare to VICI and WPC?

Spear REIT's General and Admin. Expense of R13.3 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 General and Admin. Expense for a REITs company?

A good General and Admin. Expense depends on the REITs industry context. However, General and Admin. Expense 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 General and Admin. Expense mean?

A high General and Admin. Expense can signal that a stock is expensive relative to its fundamentals. General and Admin. Expense is the aggregate total of general managing and administering expenses for the company. View historical data on Spear REIT and its competitors. Spear REIT's current General and Admin. Expense is R13.3 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 R6.99, compared to a current price of R13.20 — trading 88.8% above its estimated fair value. The current General and Admin. Expense is R13.3 Mil. Spear REIT's overall GF Score™ is 63/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is General and Admin. Expense calculated?

General and Admin. Expense is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current General and Admin. Expense is R13.3 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 R13.20 is trading 88.8% above its estimated GF Value™ of R6.99. GuruFocus considers Spear REIT to be Significantly Overvalued.

Key valuation signals for JSE:SEA:

General and Admin. Expense: R13.3 Mil
GF Value™: R6.99 vs. price of R13.20 (88.8% above fair value)
GF Score™: 63/100 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:CHC ASX:SGP XPAR:COV ASX:GPT LSE:LAND MEX:FUNO11 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.

63GF Score

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General and Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R13.20

Price

R6.99

GF Value

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