Spear REIT (JSE:SEA) Stock Based Compensation: R18.7 Mil (TTM As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:SEA Spear REIT Ltd JSE:SEA
65 GF Score
Price R12.99
GF Value R6.90
Valuation Significantly Overvalued
! 12 Warning Signs
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What is Spear REIT Stock Based Compensation?

Spear REIT JSE:SEA -0.08% 65 Stock Based Compensation is R18.7 Mil as of Feb. 2026. GuruFocus rates JSE:SEA with a GF Score™ of 65/100 and a GF Value™ of R6.90 (Significantly Overvalued). The stock has 12 warning signs investors should review.

Spear REIT's Stock Based Compensation for the six months ended in Feb. 2026 was R7.3 Mil. Its Stock Based Compensation for the trailing twelve months (TTM) ended in Feb. 2026 was R18.7 Mil.

Spear REIT Stock Based Compensation Related Terms

Spear REIT Stock Based Compensation Historical Data

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The historical data trend for Spear REIT's Stock Based Compensation 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 Stock Based Compensation Chart

Spear REIT Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Stock Based Compensation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.44 7.88 8.45 14.84 18.71

Spear REIT Semi-Annual Data
Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Stock Based Compensation 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 4.22 9.60 5.24 11.45 7.27
JSE:SEA
65GF Score
Spear REIT Ltd JSE:SEA
Stock Based Compensation is just one metric. See GF Score™, valuation, warning signs, and more.
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Spear REIT Stock Based Compensation Calculation

Stock Based Compensation is a way corporations use stock options to reward employees. It provides executives and employees the opportunity to share in the growth of the company and, if structured properly, can align their interests with the interests of the company's shareholders and investors, without burning the company's cash on hand.

Stock Based Compensation for the trailing twelve months (TTM) ended in Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R18.7 Mil.

What does a Stock Based Compensation of R18.7 Mil mean?
Spear REIT (JSE:SEA) has a Stock Based Compensation of R18.7 Mil as of Feb. 2026. Stock based compensation is the amount of company stock issued as employee benefits. View historical data for Spear REIT and its competitors.
Is Spear REIT's Stock Based Compensation too high?
Spear REIT's current Stock Based Compensation is R18.7 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 Stock Based Compensation compare to VICI and WPC?
Spear REIT's Stock Based Compensation of R18.7 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 Stock Based Compensation for a REITs company?
A good Stock Based Compensation depends on the REITs industry context. However, Stock Based Compensation 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 Stock Based Compensation mean?
A high Stock Based Compensation can signal that a stock is expensive relative to its fundamentals. Stock based compensation is the amount of company stock issued as employee benefits. View historical data for Spear REIT and its competitors. Spear REIT's current Stock Based Compensation is R18.7 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 R6.90, compared to a current price of R12.99 — trading 88.3% above its estimated fair value. The current Stock Based Compensation is R18.7 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 Stock Based Compensation calculated?
Stock Based Compensation is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current Stock Based Compensation is R18.7 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 R12.99 is trading 88.3% above its estimated GF Value™ of R6.90. GuruFocus considers Spear REIT to be Significantly Overvalued.

Key valuation signals for JSE:SEA:

  • Stock Based Compensation: R18.7 Mil
  • GF Value™: R6.90 vs. price of R12.99 (88.3% 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

Get the complete analysis for JSE:SEA

Stock Based Compensation is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R12.99
Price
R6.90
GF Value