Spear REIT (JSE:SEA) Shareholder Yield % : 2.51% (As of Feb. 2026)


JSE:SEA Spear REIT Ltd JSE:SEA
63 GF Score
Price R12.98
GF Value R6.98
Valuation Significantly Overvalued
! 12 Warning Signs
View Full Analysis

What is Spear REIT Shareholder Yield %?

Spear REIT JSE:SEA -1.96% 63 Shareholder Yield % is 2.51% as of Feb. 2026. GuruFocus rates JSE:SEA with a GF Score™ of 63/100 and a GF Value™ of R6.98 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 883 REITs companies, Spear REIT ranks worse than 60.36% on this metric.

Shareholder Yield % is how much money shareholders receive from a company that is in the form of cash dividends, net stock repurchases, and debt reduction. It is a measure of shareholder return. As of today, Spear REIT's Shareholder Yield % was 2.51%.


Spear REIT  (JSE:SEA) Shareholder Yield % Explanation

Shareholder Yield % is how much money shareholders receive from a company that is in the form of cash dividends, net stock repurchases, and debt reduction. The term was coined by William W. Priest of Epoch Investment Partners in a paper in 2005 entitled The Case for Shareholder Yield as a Dominant Driver of Future Equity Returns. William Priest indicated that "shareholder yield is a term that we came up with to reflect the various ways dividends can be paid to owners of a business in a publicly-traded company."

Shareholder Yield % is calculated by three components: Dividend Yield %, Buyback Yield %, and Net Debt Paydown Yield %.

Dividend Yield % shows how much a company pays out in dividends each year relative to its stock price, which is most obvious form of shareholder return.

Buyback Yield % is the net repurchase of shares outstanding over the market capital of the company. Shares repurchases also increase shareholder value by returning the money back to shareholders.

Net Debt Paydown Yield % is the change in average of four quarters of company's total debt over a company's market cap. Assuming the total value of a company remains that same, shareholder value is increased as debt is reduced.


Spear REIT Shareholder Yield % Related Terms


Spear REIT Shareholder Yield % Historical Data

* Premium members only.

The historical data trend for Spear REIT's Shareholder Yield % 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 Shareholder Yield % Chart

Spear REIT Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Shareholder Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.88 -9.71 35.71 6.14 1.33

Spear REIT Semi-Annual Data
Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Shareholder Yield % 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 35.71 7.85 6.14 -10.72 1.33

JSE:SEA vs VICI, WPC: Shareholder Yield % Comparison

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

For the REITs industry and Real Estate sector, Spear REIT's Shareholder Yield % distribution charts can be found below:

* The bar in red indicates where Spear REIT's Shareholder Yield % falls into.


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

Spear REIT Shareholder Yield % Calculation

Spear REIT's Shareholder Yield % for the quarter that ended in Feb. 2026 is calculated as:

Shareholder Yield %=Dividend Yield %+Buyback Yield %+Net Debt Paydown Yield %
=6.39 %+-0.92 %+-4.14 %
=1.33 %

* 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.

* All the data are calculated by TTM values. Note that if a companies is traded in several exchanges, then we calculate the company level data for Shareholder Yield % using the primary share class stock data. The calculation result in definition page is for demonstration purpose only, and it's showing the share class level data. Therefore, the numbers in the calculation may differ from elsewhere if the stock is not a primary share.

Frequently Asked Questions Learn more about Shareholder Yield % →
What does a Shareholder Yield % of 2.51% mean?
Spear REIT (JSE:SEA) has a Shareholder Yield % of 2.51% as of Feb. 2026. Shareholder Yield is how much money shareholders receive from a company that is in the form of cash dividends, net stock repurchases, and debt reduction. View historical data on Spear REIT and its competitors. According to the industry distribution chart, Spear REIT ranks #533 out of 883 companies in the REITs industry, placing it in the top 60.4%.
Is Spear REIT's Shareholder Yield % too high?
Spear REIT's current Shareholder Yield % is 2.51%. The REITs industry median Shareholder Yield % is 4.94. Spear REIT's value of 2.51% is 49.2% below this industry median. Based on the distribution chart, Spear REIT ranks #533 out of 883 companies in the REITs industry, which is below 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 Shareholder Yield % compare to VICI and WPC?
According to the REITs industry distribution chart, Spear REIT ranks #533 out of 883 companies for Shareholder Yield %. This places Spear REIT in the lower half of its industry. The industry median Shareholder Yield % is 4.94. Spear REIT's value of 2.51% is 49.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shareholder Yield % for a REITs company?
The median Shareholder Yield % among REITs companies is 4.94, based on 883 companies in the industry. Companies in the top quartile (top 25%) have a Shareholder Yield % significantly above this median, while those in the bottom quartile fall well below. However, Shareholder Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spear REIT's current Shareholder Yield % of 2.51% is 49.2% below 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 Shareholder Yield % mean?
A high Shareholder Yield % can signal that a stock is expensive relative to its fundamentals. Shareholder Yield is how much money shareholders receive from a company that is in the form of cash dividends, net stock repurchases, and debt reduction. View historical data on Spear REIT and its competitors. For the REITs industry, the median Shareholder Yield % is 4.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spear REIT's current Shareholder Yield % is 2.51%. 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 R6.98, compared to a current price of R12.98 — trading 86% above its estimated fair value. The current Shareholder Yield % is 2.51% and 49.2% below the REITs industry median of 4.94. 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 Shareholder Yield % calculated?
Shareholder Yield % is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current Shareholder Yield % is 2.51% 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 R12.98 is trading 86% above its estimated GF Value™ of R6.98. GuruFocus considers Spear REIT to be Significantly Overvalued.

Key valuation signals for JSE:SEA:

  • Shareholder Yield %: 2.51%
  • GF Value™: R6.98 vs. price of R12.98 (86% above fair value)
  • GF Score™: 63/100 with 12 warning signs
  • Industry Position: 49.2% below the REITs median (#533 of 883)

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

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

R12.98
Price
R6.98
GF Value