Spear REITJSE:SEA +1.52%65 ROA % is 15.31% as of Feb. 2026, which is 143% above its 10-year median of 6.31. GuruFocus rates JSE:SEA with a GF Score™ of 65/100 and a GF Value™ of R7.03 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 938 REITs companies, Spear REIT ranks better than 90.51% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Spear REIT's annualizedNet Income for the quarter that ended in Feb. 2026 was R1,080.0 Mil.
Spear REIT's average Total Assets over the quarter that ended in Feb. 2026 was R7,053.6 Mil. Therefore, Spear REIT's annualized ROA % for the quarter that ended in Feb. 2026 was 15.31%.
The historical rank and industry rank for Spear REIT's ROA % or its related term are showing as below:
JSE:SEA'
s ROA % Range Over the Past 10 Years
Min: 1.19 Med: 6.31 Max: 16.23
Current: 12.15
During the past 10 years, Spear REIT's highest ROA % was 16.23%. The lowest was 1.19%. And the median was 6.31%.
JSE:SEA's ROA % is ranked better than 90.51% of 938
companies
in the REITs industry
Industry Median: 3.22
vs JSE:SEA: 12.15
Spear REIT (JSE:SEA) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Feb. 2026) net income data. The Revenue data used here is two times the semi-annual (Feb. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Spear REIT ROA % Related Terms
Spear REIT ROA % Historical Data
* Premium members only.
The historical data trend for Spear REIT's ROA % 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.
For the REIT - Diversified subindustry, Spear REIT's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Spear REIT's ROA % distribution charts can be found below:
* The bar in red indicates where Spear REIT's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Feb. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Spear REIT (JSE:SEA) has a ROA % of 15.31% as of Feb. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Spear REIT and its competitors. This is 143% above median its historical median of 6.31. Over the past decade, Spear REIT's ROA % has ranged from 1.19 to 16.23. According to the industry distribution chart, Spear REIT ranks #89 out of 938 companies in the REITs industry, placing it in the top 9.5%.
Is Spear REIT's ROA % too high?
Spear REIT's current ROA % of 15.31% is 143% above median its 10-year median of 6.31. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 16.23. The REITs industry median ROA % is 3.22. Spear REIT's value of 15.31% is 375.5% above this industry median. Based on the distribution chart, Spear REIT ranks #89 out of 938 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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 ROA % compare to VICI and WPC?
According to the REITs industry distribution chart, Spear REIT ranks #89 out of 938 companies for ROA %. This places Spear REIT in the top 10% of its industry — outperforming the majority of peers. The industry median ROA % is 3.22. Spear REIT's value of 15.31% is 375.5% above this benchmark. Historically, Spear REIT's own ROA % has ranged from 1.19 to 16.23 over the past decade. While the company's 10-year median is 6.31 vs. the industry median of 3.22, Spear REIT has consistently been above 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.22, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spear REIT's current ROA % of 15.31% is 375.5% above 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Spear REIT and its competitors. For the REITs industry, the median ROA % is 3.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spear REIT's current ROA % is 15.31%, which is 143% above median its own 10-year median of 6.31. 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 R13.40 — trading 90.6% above its estimated fair value. The current ROA % is 15.31%, which is 143% above median its 10-year median of 6.31 and 375.5% above the REITs industry median of 3.22. Spear REIT's overall GF Score™ is 65/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current ROA % is 15.31% 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 R13.40 is trading 90.6% above its estimated GF Value™ of R7.03.
GuruFocus considers Spear REIT to be Significantly Overvalued.
Key valuation signals for JSE:SEA:
ROA %: 15.31% (143% above median its 10-year median of 6.31)
GF Value™: R7.03 vs. price of R13.40 (90.6% above fair value)
Industry Position: 375.5% above the REITs median (#89 of 938)
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.
65GF Score
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