Spear REITJSE:SEA +1.52%65 Dividend Yield % is 6.43% as of Jun. 26, 2026, which is 24% below its 10-year median of 8.50. GuruFocus rates JSE:SEA with a GF Score™ of 65/100 and a GF Value™ of R7.03 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 877 REITs companies, Spear REIT ranks worse than 54.5% on this metric.
As of today (2026-06-26), the Trailing Annual Dividend Yield of Spear REIT is 6.43%.
Warning Sign:
Spear REIT Ltd stock Dividend Yield % is close to 10-year low.
The historical rank and industry rank for Spear REIT's Dividend Yield % or its related term are showing as below:
JSE:SEA'
s Dividend Yield % Range Over the Past 10 Years
Min: 5.76 Med: 8.5 Max: 18.08
Current: 6.43
During the past 10 years, the highest Dividend Yield of Spear REIT was 18.08%. The lowest was 5.76%. And the median was 8.50%.
JSE:SEA's Dividend Yield % is ranked worse than 54.5% of 877
companies
in the REITs industry
Industry Median: 6.79
vs JSE:SEA: 6.43
During the past 12 months, Spear REIT's average Dividends Per Share Growth Rate was 4.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 4.80% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 3.60% per year.
During the past 10 years, the highest 3-Year average Dividends Per Share Growth Rate of Spear REIT was 8.70% per year. The lowest was -9.20% per year. And the median was 2.55% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Spear REIT (JSE:SEA) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
The historical data trend for Spear REIT's Dividend 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.
For the REIT - Diversified subindustry, Spear REIT's Dividend Yield %, along with its competitors' market caps and Dividend 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 Dividend Yield % vs REITs Industry
For the REITs industry and Real Estate sector, Spear REIT's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Spear REIT's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Spear REIT Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
ZAR 0.445740
2026-06-03
2026-06-05
2026-06-08
Cash Dividend
semi-annually
ZAR:ZAR 1.000000
ZAR 0.415870
2025-11-05
2025-11-07
2025-11-10
Cash Dividend
semi-annually
ZAR:ZAR 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Spear REIT's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
0.86161
/
13.40
=
6.43 %
Current Share Price is R13.40. Spear REIT's Dividends per Share for the trailing twelve months (TTM) ended in Today is R0.86161.
Spear REIT's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
0.89148
/
13.40
=
6.65 %
Current Share Price is R13.40. Spear REIT's Dividends per Share for the forward twelve months is calculated as R0.44574 * 2 = R0.89148.
* 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 (JSE:SEA) has a Dividend Yield % of 6.43% as of Jun. 26, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Spear REIT and its competitors. This is 24% below median its historical median of 8.50. Over the past decade, Spear REIT's Dividend Yield % has ranged from 5.76 to 18.08. According to the industry distribution chart, Spear REIT ranks #478 out of 877 companies in the REITs industry, placing it in the top 54.5%.
Is Spear REIT's Dividend Yield % too high?
Spear REIT's current Dividend Yield % of 6.43% is 24% below median its 10-year median of 8.50. Over the past 10 years, this metric has ranged from a low of 5.76 to a high of 18.08. The REITs industry median Dividend Yield % is 6.79. Spear REIT's value of 6.43% is 5.3% below this industry median. Based on the distribution chart, Spear REIT ranks #478 out of 877 companies in the REITs industry, which is below the industry midpoint. 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 Dividend Yield % compare to VICI and WPC?
According to the REITs industry distribution chart, Spear REIT ranks #478 out of 877 companies for Dividend Yield %. This places Spear REIT in the lower half of its industry. The industry median Dividend Yield % is 6.79. Spear REIT's value of 6.43% is 5.3% below this benchmark. Historically, Spear REIT's own Dividend Yield % has ranged from 5.76 to 18.08 over the past decade. While the company's 10-year median is 8.50 vs. the industry median of 6.79, Spear REIT has consistently been below 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 Dividend Yield % for a REITs company?
The median Dividend Yield % among REITs companies is 6.79, based on 877 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spear REIT's current Dividend Yield % of 6.43% is 5.3% 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 Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Spear REIT and its competitors. For the REITs industry, the median Dividend Yield % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spear REIT's current Dividend Yield % is 6.43%, which is 24% below median its own 10-year median of 8.50. 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 R7.03, compared to a current price of R13.40 — trading 90.6% above its estimated fair value. The current Dividend Yield % is 6.43%, which is 24% below median its 10-year median of 8.50 and 5.3% below the REITs industry median of 6.79. Spear REIT's overall GF Score™ is 65/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current Dividend Yield % is 6.43% as of Jun. 26, 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 R13.40 is trading 90.6% above its estimated GF Value™ of R7.03.
GuruFocus considers Spear REIT to be Significantly Overvalued.
Key valuation signals for JSE:SEA:
Dividend Yield %: 6.43% (24% below median its 10-year median of 8.50)
GF Value™: R7.03 vs. price of R13.40 (90.6% above fair value)
Industry Position: 5.3% below the REITs median (#478 of 877)
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.
65GF Score
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