Spear REIT (JSE:SEA) Scaled Net Operating Assets : 1.01 (As of Feb. 2024)

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What is Spear REIT Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Spear REIT's operating assets for the quarter that ended in Feb. 2024 was R4,652.6 Mil. Spear REIT's operating liabilities for the quarter that ended in Feb. 2024 was R96.5 Mil. Spear REIT's Total Assets for the quarter that ended in Aug. 2023 was R4,509.6 Mil. Therefore, Spear REIT's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2024 was 1.01.

Spear REIT Scaled Net Operating Assets Historical Data

The historical data trend for Spear REIT's Scaled Net Operating 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.

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Spear REIT Scaled Net Operating Assets Chart

Spear REIT Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Scaled Net Operating Assets

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1.07

1.04

0.97

0.92

1.07

Spear REIT Semi-Annual Data
	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Scaled Net Operating Assets	Get a 7-Day Free Trial										0.94	0.81	0.91	0.61	1.01

Competitive Comparison of Spear REIT's Scaled Net Operating Assets

For the REIT - Diversified subindustry, Spear REIT's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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's Scaled Net Operating Assets Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Spear REIT's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Spear REIT's Scaled Net Operating Assets falls into.

Spear REIT Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Spear REIT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Feb. 2024 )
=	(Operating Assets (A: Feb. 2024 )	-	Operating Liabilities (A: Feb. 2024 ))	/	Total Assets (A: Feb. 2023 )
=	(4652.551	-	96.538)	/	4256.708
=	1.07

where

	Operating Assets		(A: Feb. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	4678.422	-	25.871
=	4652.551

	Operating Liabilities		(A: Feb. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1597.265	-	1247.616	-	253.111
=	96.538

Spear REIT's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Feb. 2024 )
=	(Operating Assets (Q: Feb. 2024 )	-	Operating Liabilities (Q: Feb. 2024 ))	/	Total Assets (Q: Aug. 2023 )
=	(4652.551	-	96.538)	/	4509.616
=	1.01

where

	Operating Assets		(Q: Feb. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	4678.422	-	25.871
=	4652.551

	Operating Liabilities		(Q: Feb. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1597.265	-	1247.616	-	253.111
=	96.538

Spear REIT Scaled Net Operating Assets Related Terms

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Spear REIT (JSE:SEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Spear REIT Ltd (JSE:SEA) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Long Street, PO Box 50, 16th Floor, Cape Town, ZAF, 8001

Website

https://www.spearprop.co.za

Spear REIT Ltd is a real estate investment trust. The company is a diversified property investment company investing in real estate sectors including office, retail, industrial, residential, and hospitality. Its operating business segments are Industrial, Commercial, Retail, Hospitality, Residential, Development, and Non-property. The segments derive their revenue mainly from rental income from leases. The company derives maximum revenue from the Industrial segment.

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