Spear REIT (JSE:SEA) Long-Term Capital Lease Obligation : R0.0 Mil (As of Feb. 2024)

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What is Spear REIT Long-Term Capital Lease Obligation?

Spear REIT's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was R0.0 Mil.

Spear REIT Long-Term Capital Lease Obligation Historical Data

The historical data trend for Spear REIT's Long-Term Capital Lease Obligation 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.

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Spear REIT Long-Term Capital Lease Obligation Chart

Spear REIT Annual Data

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Long-Term Capital Lease Obligation

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Spear REIT Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										-	-	-	-	-

Spear REIT (JSE:SEA) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Spear REIT Long-Term Capital Lease Obligation Related Terms

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Spear REIT (JSE:SEA) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Spear REIT Ltd (JSE:SEA) » Definitions » Long-Term Capital Lease Obligation

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Address

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

Website

https://www.spearprop.co.za

Spear REIT Ltd is a real estate investment trust. The company is a diversified property investment company investing in real estate sectors including office, retail, industrial, residential, and hospitality. Its operating business segments are Industrial, Commercial, Retail, Hospitality, Residential, Development, and Non-property. The segments derive their revenue mainly from rental income from leases. The company derives maximum revenue from the Industrial segment.

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