Spear REITJSE:SEA -0.90%63 Interest Coverage is 3.05 as of Feb. 2026, which is 31% above its 10-year median of 2.33. GuruFocus rates JSE:SEA with a GF Score™ of 63/100 and a GF Value™ of R7.03 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 702 REITs companies, Spear REIT ranks worse than 51.71% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Spear REIT's
Operating Income
for the
six
months ended in Feb. 2026 was R244.1 Mil. Spear REIT's Interest Expense for the
six
months ended in Feb. 2026 was R-80.1 Mil.
Spear REIT's interest coverage for the quarter that ended in Feb. 2026 was 3.05.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Spear REIT's Interest Coverage or its related term are showing as below:
JSE:SEA'
s Interest Coverage Range Over the Past 10 Years
Min: 1.59 Med: 2.33 Max: 3.05
Current: 3
JSE:SEA's Interest Coverage is ranked worse than 51.71% of 702
companies
in the REITs industry
Industry Median: 3.125
vs JSE:SEA: 3.00
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Spear REIT Interest Coverage Related Terms
Spear REIT Interest Coverage Historical Data
* Premium members only.
The historical data trend for Spear REIT's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
JSE:SEA vs VICI, WPC: Interest Coverage Comparison
For the REIT - Diversified subindustry, Spear REIT's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Spear REIT's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Spear REIT's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 3.05 as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Spear REIT and its competitors. This is 31% above median its historical median of 2.33. Over the past decade, Spear REIT's Interest Coverage has ranged from 1.59 to 3.05. According to the industry distribution chart, Spear REIT ranks #363 out of 702 companies in the REITs industry, placing it in the top 51.7%.
Is Spear REIT's Interest Coverage too high?
Spear REIT's current Interest Coverage of 3.05 is 31% above median its 10-year median of 2.33. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 3.05. The REITs industry median Interest Coverage is 3.13. Spear REIT's value of 3.05 is 2.4% below this industry median. Based on the distribution chart, Spear REIT ranks #363 out of 702 companies in the REITs industry, which is below the industry midpoint. 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 Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, Spear REIT ranks #363 out of 702 companies for Interest Coverage. This places Spear REIT in the lower half of its industry. The industry median Interest Coverage is 3.13. Spear REIT's value of 3.05 is 2.4% below this benchmark. Historically, Spear REIT's own Interest Coverage has ranged from 1.59 to 3.05 over the past decade. While the company's 10-year median is 2.33 vs. the industry median of 3.13, 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 Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.13, based on 702 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spear REIT's current Interest Coverage of 3.05 is 2.4% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Spear REIT and its competitors. For the REITs industry, the median Interest Coverage is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spear REIT's current Interest Coverage is 3.05, which is 31% above median its own 10-year median of 2.33. 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 R13.28 — trading 88.9% above its estimated fair value. The current Interest Coverage is 3.05, which is 31% above median its 10-year median of 2.33 and 2.4% below the REITs industry median of 3.13. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current Interest Coverage is 3.05 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 R13.28 is trading 88.9% above its estimated GF Value™ of R7.03.
GuruFocus considers Spear REIT to be Significantly Overvalued.
Key valuation signals for JSE:SEA:
Interest Coverage: 3.05 (31% above median its 10-year median of 2.33)
GF Value™: R7.03 vs. price of R13.28 (88.9% above fair value)
Industry Position: 2.4% below the REITs median (#363 of 702)
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.
63GF Score
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