Spear REIT (JSE:SEA) Long-Term Debt: R1,938.2 Mil (As of Feb. 2026)

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JSE:SEA Spear REIT Ltd JSE:SEA
65 GF Score
Price R13.00
GF Value R6.91
Valuation Significantly Overvalued
! 12 Warning Signs
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What is Spear REIT Long-Term Debt?

Spear REIT JSE:SEA -1.52% 65 Long-Term Debt is R1,938.2 Mil as of Feb. 2026. GuruFocus rates JSE:SEA with a GF Score™ of 65/100 and a GF Value™ of R6.91 (Significantly Overvalued). The stock has 12 warning signs investors should review.

Spear REIT's Long-Term Debt for the quarter that ended in Feb. 2026 was R1,938.2 Mil.

Spear REIT's quarterly Long-Term Debt declined from Feb. 2025 (R1,063.6 Mil) to Aug. 2025 (R0.0 Mil) but then increased from Aug. 2025 (R0.0 Mil) to Feb. 2026 (R1,938.2 Mil).

Spear REIT's annual Long-Term Debt declined from Feb. 2024 (R1,247.6 Mil) to Feb. 2025 (R1,063.6 Mil) but then increased from Feb. 2025 (R1,063.6 Mil) to Feb. 2026 (R1,938.2 Mil).

Spear REIT  (JSE:SEA) Long-Term Debt Explanation

Long-Term Debt is the sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer. Long-Term Debt includes notes payable, bonds payable, mortgage loans, convertible debt, subordinated debt and other types of long term debt.

Spear REIT Long-Term Debt Related Terms

Spear REIT Long-Term Debt Historical Data

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The historical data trend for Spear REIT's Long-Term Debt 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 Long-Term Debt Chart

Spear REIT Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Long-Term Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,780.28 1,175.27 1,247.62 1,063.57 1,938.20

Spear REIT Semi-Annual Data
Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Long-Term Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,247.62 0.00 1,063.57 0.00 1,938.20
JSE:SEA
65GF Score
Spear REIT Ltd JSE:SEA
Long-Term Debt is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Long-Term Debt →
What does a Long-Term Debt of R1,938.2 Mil mean?
Spear REIT (JSE:SEA) has a Long-Term Debt of R1,938.2 Mil as of Feb. 2026.
Is Spear REIT's Long-Term Debt too high?
Spear REIT's current Long-Term Debt is R1,938.2 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 Long-Term Debt compare to VICI and WPC?
Spear REIT's Long-Term Debt of R1,938.2 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 Long-Term Debt for a REITs company?
A good Long-Term Debt depends on the REITs industry context. However, Long-Term Debt 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 Long-Term Debt mean?
A high Long-Term Debt can signal that a stock is expensive relative to its fundamentals. Spear REIT's current Long-Term Debt is R1,938.2 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 R6.91, compared to a current price of R13.00 — trading 88.1% above its estimated fair value. The current Long-Term Debt is R1,938.2 Mil. Spear REIT's overall GF Score™ is 65/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Long-Term Debt calculated?
Long-Term Debt is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current Long-Term Debt is R1,938.2 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 R13.00 is trading 88.1% above its estimated GF Value™ of R6.91. GuruFocus considers Spear REIT to be Significantly Overvalued.

Key valuation signals for JSE:SEA:

  • Long-Term Debt: R1,938.2 Mil
  • GF Value™: R6.91 vs. price of R13.00 (88.1% above fair value)
  • GF Score™: 65/100 with 12 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 EstateREITs
Address 2 Long Street, PO Box 50, 16th Floor, Observatory, 7935, Cape Town, ZAF, 8001
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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Long-Term Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R13.00
Price
R6.91
GF Value