Spear REIT (JSE:SEA) 3-Year RORE % : 15.75% (As of Feb. 2026)


JSE:SEA Spear REIT Ltd JSE:SEA
63 GF Score
Price R13.18
GF Value R6.92
Valuation Significantly Overvalued
! 12 Warning Signs
View Full Analysis

What is Spear REIT 3-Year RORE %?

Author: Vera Yuan Vera Yuan Reviewed by: Charlie Tian Charlie Tian

Spear REIT JSE:SEA +0.76% 63 3-Year RORE % is 15.75 as of Feb. 2026. GuruFocus rates JSE:SEA with a GF Score™ of 63/100 and a GF Value™ of R6.92 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 839 REITs companies, Spear REIT ranks better than 60.55% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Spear REIT's 3-Year RORE % for the quarter that ended in Feb. 2026 was 15.75%.

The industry rank for Spear REIT's 3-Year RORE % or its related term are showing as below:

JSE:SEA's 3-Year RORE % is ranked better than
60.55% of 839 companies
in the REITs industry
Industry Median: -0.22 vs JSE:SEA: 15.75

Spear REIT  (JSE:SEA) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Spear REIT 3-Year RORE % Related Terms


Spear REIT 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for Spear REIT's 3-Year RORE % 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 3-Year RORE % Chart

Spear REIT Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 118.18 -160.06 82.45 55.09 15.75

Spear REIT Semi-Annual Data
Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
3-Year RORE % 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 82.45 68.53 55.09 57.22 15.75

JSE:SEA vs VICI, WPC: 3-Year RORE % Comparison

For the REIT - Diversified subindustry, Spear REIT's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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 3-Year RORE % vs REITs Industry

For the REITs industry and Real Estate sector, Spear REIT's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where Spear REIT's 3-Year RORE % falls into.


JSE:SEA
63GF Score
Spear REIT Ltd JSE:SEA
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spear REIT 3-Year RORE % Calculation

Spear REIT's 3-Year RORE % for the quarter that ended in Feb. 2026 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( 2.061-1.583 )/( 5.438-2.404 )
=0.478/3.034
=15.75 %

* 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 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Feb. 2026 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of 15.75 mean?
Spear REIT (JSE:SEA) has a 3-Year RORE % of 15.75 as of Feb. 2026. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Spear REIT and its competitors. According to the industry distribution chart, Spear REIT ranks #331 out of 839 companies in the REITs industry, placing it in the top 39.5%.
Is Spear REIT's 3-Year RORE % too high?
Spear REIT's current 3-Year RORE % is 15.75. Based on the distribution chart, Spear REIT ranks #331 out of 839 companies in the REITs industry, which is above 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 3-Year RORE % compare to VICI and WPC?
According to the REITs industry distribution chart, Spear REIT ranks #331 out of 839 companies for 3-Year RORE %. This puts Spear REIT in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year RORE % for a REITs company?
A good 3-Year RORE % depends on the REITs industry context. However, 3-Year RORE % 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 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Spear REIT and its competitors. Spear REIT's current 3-Year RORE % is 15.75. 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 R6.92, compared to a current price of R13.18 — trading 90.5% above its estimated fair value. The current 3-Year RORE % is 15.75. Spear REIT's overall GF Score™ is 63/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current 3-Year RORE % is 15.75 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 R13.18 is trading 90.5% above its estimated GF Value™ of R6.92. GuruFocus considers Spear REIT to be Significantly Overvalued.

Key valuation signals for JSE:SEA:

  • 3-Year RORE %: 15.75
  • GF Value™: R6.92 vs. price of R13.18 (90.5% above fair value)
  • GF Score™: 63/100 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.
63GF Score

Get the complete analysis for JSE:SEA

3-Year RORE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R13.18
Price
R6.92
GF Value