Spear REIT (JSE:SEA) Other Current Assets: R1.8 Mil (As of Feb. 2026)

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JSE:SEA Spear REIT Ltd JSE:SEA
65 GF Score
Price R12.93
GF Value R6.89
Valuation Significantly Overvalued
! 12 Warning Signs
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What is Spear REIT Other Current Assets?

Spear REIT JSE:SEA -0.46% 65 Other Current Assets is R1.8 Mil as of Feb. 2026. GuruFocus rates JSE:SEA with a GF Score™ of 65/100 and a GF Value™ of R6.89 (Significantly Overvalued). The stock has 12 warning signs investors should review.

Spear REIT's other current assets for the quarter that ended in Feb. 2026 was R1.8 Mil.

Spear REIT's quarterly other current assets declined from Feb. 2025 (R1.7 Mil) to Aug. 2025 (R0.1 Mil) but then increased from Aug. 2025 (R0.1 Mil) to Feb. 2026 (R1.8Mil).

Spear REIT's annual other current assets declined from Feb. 2024 (R2.0 Mil) to Feb. 2025 (R1.7 Mil) increased from Feb. 2025 (R1.7 Mil) to Feb. 2026 (R1.8 Mil).


Spear REIT Other Current Assets Related Terms


Spear REIT Other Current Assets Historical Data

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The historical data trend for Spear REIT's Other Current Assets 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 Other Current Assets Chart

Spear REIT Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Other Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 1.90 2.02 1.67 1.77

Spear REIT Semi-Annual Data
Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Other Current Assets 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 2.02 15.00 1.67 0.06 1.77
JSE:SEA
65GF Score
Spear REIT Ltd JSE:SEA
Other Current Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Spear REIT Other Current Assets Calculation

Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:


Cash
Trade Receivables
Inventory

The assets grouped under other current assets are most commonly:


Prepaid Expenses
Tax Assets
Non-Trade Receivables
Other (too numerous to list)

Some companies can and do choose to report each of these items separately.

Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.

Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.

Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.

Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.

There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.

At most companies, other current assets are a small and unimportant part of the total balance sheet.

Frequently Asked Questions Learn more about Other Current Assets →
What does a Other Current Assets of R1.8 Mil mean?
Spear REIT (JSE:SEA) has a Other Current Assets of R1.8 Mil as of Feb. 2026. Other current assets as record on a company's balance sheet not categorized as standard assets. View historical data on Spear REIT.
Is Spear REIT's Other Current Assets too high?
Spear REIT's current Other Current Assets is R1.8 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 Other Current Assets compare to VICI and WPC?
Spear REIT's Other Current Assets of R1.8 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 Other Current Assets for a REITs company?
A good Other Current Assets depends on the REITs industry context. However, Other Current Assets 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 Other Current Assets mean?
A high Other Current Assets can signal that a stock is expensive relative to its fundamentals. Other current assets as record on a company's balance sheet not categorized as standard assets. View historical data on Spear REIT. Spear REIT's current Other Current Assets is R1.8 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 R6.89, compared to a current price of R12.93 — trading 87.7% above its estimated fair value. The current Other Current Assets is R1.8 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 Other Current Assets calculated?
Other Current Assets is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current Other Current Assets is R1.8 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 R12.93 is trading 87.7% above its estimated GF Value™ of R6.89. GuruFocus considers Spear REIT to be Significantly Overvalued.

Key valuation signals for JSE:SEA:

  • Other Current Assets: R1.8 Mil
  • GF Value™: R6.89 vs. price of R12.93 (87.7% 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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Other Current Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R12.93
Price
R6.89
GF Value