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.
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.
Spear REITJSE:SEA -0.47%64 5-Year Yield-on-Cost % is 7.94 as of Jul. 23, 2026, which is 22% below its 10-year median of 10.13. GuruFocus rates JSE:SEA with a GF Score™ of 64/100 and a GF Value™ of R6.85 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 867 REITs companies, Spear REIT ranks better than 55.82% on this metric.
Spear REIT's yield on cost for the quarter that ended in Feb. 2026 was 7.94.
The historical rank and industry rank for Spear REIT's 5-Year Yield-on-Cost % or its related term are showing as below:
JSE:SEA'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 6.87 Med: 10.13 Max: 21.58
Current: 7.94
During the past 10 years, Spear REIT's highest Yield on Cost was 21.58. The lowest was 6.87. And the median was 10.13.
JSE:SEA's 5-Year Yield-on-Cost % is ranked better than 55.82% of 867
companies
in the REITs industry
Industry Median: 7.33
vs JSE:SEA: 7.94
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Spear REIT 5-Year Yield-on-Cost % Related Terms
JSE:SEA vs VICI, WPC: 5-Year Yield-on-Cost % Comparison
For the REIT - Diversified subindustry, Spear REIT's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs REITs Industry
For the REITs industry and Real Estate sector, Spear REIT's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Spear REIT's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of Spear REIT is calculated as
Spear REIT (JSE:SEA) has a 5-Year Yield-on-Cost % of 7.94 as of Jul. 23, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Spear REIT and its competitors. This is 22% below median its historical median of 10.13. Over the past decade, Spear REIT's 5-Year Yield-on-Cost % has ranged from 6.87 to 21.58. According to the industry distribution chart, Spear REIT ranks #383 out of 867 companies in the REITs industry, placing it in the top 44.2%.
Is Spear REIT's 5-Year Yield-on-Cost % too high?
Spear REIT's current 5-Year Yield-on-Cost % of 7.94 is 22% below median its 10-year median of 10.13. Over the past 10 years, this metric has ranged from a low of 6.87 to a high of 21.58. The REITs industry median 5-Year Yield-on-Cost % is 7.33. Spear REIT's value of 7.94 is 8.3% above this industry median. Based on the distribution chart, Spear REIT ranks #383 out of 867 companies in the REITs industry, which is above the industry midpoint. Overall, Spear REIT has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spear REIT's 5-Year Yield-on-Cost % compare to VICI and WPC?
According to the REITs industry distribution chart, Spear REIT ranks #383 out of 867 companies for 5-Year Yield-on-Cost %. This puts Spear REIT in the upper half of its industry. The industry median 5-Year Yield-on-Cost % is 7.33. Spear REIT's value of 7.94 is 8.3% above this benchmark. Historically, Spear REIT's own 5-Year Yield-on-Cost % has ranged from 6.87 to 21.58 over the past decade. While the company's 10-year median is 10.13 vs. the industry median of 7.33, 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 5-Year Yield-on-Cost % for a REITs company?
The median 5-Year Yield-on-Cost % among REITs companies is 7.33, based on 867 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spear REIT's current 5-Year Yield-on-Cost % of 7.94 is 8.3% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Spear REIT and its competitors. For the REITs industry, the median 5-Year Yield-on-Cost % is 7.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spear REIT's current 5-Year Yield-on-Cost % is 7.94, which is 22% below median its own 10-year median of 10.13. 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 R6.85, compared to a current price of R12.75 — trading 86.1% above its estimated fair value. The current 5-Year Yield-on-Cost % is 7.94, which is 22% below median its 10-year median of 10.13 and 8.3% above the REITs industry median of 7.33. Spear REIT's overall GF Score™ is 64/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current 5-Year Yield-on-Cost % is 7.94 as of Jul. 23, 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 R12.75 is trading 86.1% above its estimated GF Value™ of R6.85.
GuruFocus considers Spear REIT to be Significantly Overvalued.
Key valuation signals for JSE:SEA:
5-Year Yield-on-Cost %: 7.94 (22% below median its 10-year median of 10.13)
GF Value™: R6.85 vs. price of R12.75 (86.1% above fair value)
Industry Position: 8.3% above the REITs median (#383 of 867)
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.
64GF Score
Get the complete analysis for JSE:SEA
5-Year Yield-on-Cost % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:SEA has been successfully added to your 
