Page 198 - Profile's Stock Exchange Handbook - 2025 Issue 3

JSE - SPE Profile’s Stock Exchange Handbook: 2025 - Issue 3

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Spear REIT L Spur Corporation Ltd.
ISIN: ZAE000228995 SHORT: SPEARREIT CODE: SEA ISIN: ZAE000022653 SHORT: SPURCORP CODE: SUR
REG NO: 2015/407237/06 FOUNDED: 2011 LISTED: 2016 REG NO: 1998/000828/06 FOUNDED: 1967 LISTED: 1999
NATURE OF BUSINESS: Spear REIT Ltd. listed as a Real Estate NATURE OF BUSINESS: Spur Corporation Ltd. (company registration
Investment Trust (“REIT”) on the main board of the Johannesburg number: 1998/000828/06), which is domiciled and incorporated
Stock Exchange (“JSE”) and is the only regionally-focused REIT listed in the Republic of South Africa and listed on the JSE Ltd., the
on the JSE that invests in high-quality income-generating assets in recognised securities exchange in South Africa, is an investment
the Western Cape. Spear obtains its diversification through asset holding company. Through various subsidiaries, the group carries
type rather than geographical investment. on the business of franchisor in predominantly the family sit-down
SECTOR: RealEstate--RealEstate--REITS--Diversified and quick service restaurant markets. Through other subsidiaries,
NUMBER OF EMPLOYEES: 30 the group provides marketing and promotional services to
DIRECTORS: Allie J E (ld ind ne), Goldberg B L (ind ne), franchisees. A subsidiary of the company, Spur Group Properties
McCarthy C S (ne), Phillips Dr R (ind ne), Raziya B (ind ne), (Pty) Ltd., owns certain properties which are owner-occupied from
Solms J (ind ne), Varachhia A (Chair, ne), Flax M N (Dep Chair, ne), a group perspective. A subsidiary, Share Buy-back (Pty) Ltd., holds
Rossi Q M (CEO), Barnard C (CFO) treasury shares as authorised by shareholders by way of special
MAJOR ORDINARY SHAREHOLDERS as at 20 Jun 2025 resolution on an annual basis. The company also has indirect
36One Asset Management (Pty) Ltd. 12.19% interests in five local entities that operate four The Hussar Grills,
Coronation Asset Management (Pty) Ltd. 12.17% one RocoMamas and one Modrockers (pilot proof of concept)
Spear Holdco (Pty) Ltd. 7.90% outlet in South Africa.
POSTAL ADDRESS: PO Box 50, Observatory, 7935 SECTOR: ConsDisr--Travel&Leis--Travel&Leis--Resturants&Bars
MORE INFO: www.sharedata.co.za/sdo/jse/SEA NUMBER OF EMPLOYEES: 434
COMPANY SECRETARY: René Cheryl Stober DIRECTORS: Boggenpoel J (ind ne), Fernandez C (ind ne), Molebatsi L
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. (ind ne), Parker A C (ind ne), Zinn S A (ld ind ne), Bosman M J (Chair,
SPONSOR: PSG Capital (Pty) Ltd. ind ne), Nichas V (CEO), Robertson K (COO), Teixeira C (CFO)
AUDITORS: BDO MAJOR ORDINARY SHAREHOLDERS as at 22 Jan 2025
CAPITAL STRUCTURE Authorised Issued Coronation Fund Managers 16.30%
SEA Ords no par 1 000 000 000 414 886 976 Camissa Asset Management (Pty) Ltd. 10.17%
10.10%
Allan Gray
DISTRIBUTIONS [ZARc] POSTAL ADDRESS: PO Box 166, Century City, 7446
Ords no par Ldt Pay Amt MORE INFO: www.sharedata.co.za/sdo/jse/SUR
Final No 17 10 Jun 25 17 Jun 25 41.74 COMPANY SECRETARY: Donfrey Meyer
Interim No 16 12 Nov 24 18 Nov 24 39.53 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
LIQUIDITY: Jul25 Avg 2m shares p.w., R14.7m(19.2% p.a.) SPONSOR: Questco Corporate Advisory (Pty) Ltd.
AUDITORS: PwC Inc.
SPEARREIT 40 Week MA REIV CAPITAL STRUCTURE Authorised Issued
1100
SUR Ords 0.001c 201 000 000 90 996 932
1000
DISTRIBUTIONS [ZARc]
900
Ords 0.001c Ldt Pay Amt
800
Interim No 49 25 Mar 25 31 Mar 25 106.00
700 Final No 48 10 Sep 24 16 Sep 24 118.00
600 LIQUIDITY: Jul25 Avg 278 204 shares p.w., R9.5m(15.9% p.a.)
500
SPURCORP 40 Week MA TRAV
400 4500
2021 2022 2023 2024 2025
4000
FINANCIAL STATISTICS 3500
Feb 25 Feb 24 Feb 23 Feb 22 Feb 21
(R ’000) 3000
Final Final Final Final Final 2500
NetRent/InvInc 404 299 368 486 346 490 341 953 343 647
Total Inc 408 181 371 126 349 291 345 600 349 556 2000
Attrib Inc 525 120 362 740 182 205 164 924 53 008 1500
TotCompIncLoss 525 120 362 740 182 205 164 924 56 984
Ord UntHs Int 3 908 570 3 063 045 2 594 408 2 650 089 2 372 257 2021 2022 2023 2024 2025 1000
Investments 5 432 267 4 180 066 3 793 263 4 406 265 4 495 969
FixedAss/Prop 333 500 1 041 1 604 2 206 FINANCIAL STATISTICS
Tot Curr Ass 107 900 49 423 461 621 117 089 75 151 Dec 24 Jun 24 Jun 23 Jun 22 Jun 21
Total Ass 5 640 936 4 673 422 4 256 708 4 530 473 4 583 887 (R ’000) Interim Final Final Final Final(rst)
Tot Curr Liab 655 684 349 649 473 915 76 849 494 362 Turnover 2 009 872 3 473 648 3 045 201 2 391 192 1 804 945
PER SHARE STATISTICS (cents per share) Op Inc 203 764 312 016 292 459 208 921 144 294
HEPLU-C (ZARc) 86.63 82.78 79.85 77.21 76.70 NetIntPd(Rcvd) - 12 338 - 29 580 - 25 965 - 747 - 3 508
DPLU (ZARc) 81.27 78.86 75.98 68.25 58.70 Minority Int 8 759 11 064 8 834 7 105 6 677
NAV (ZARc) 1 220.00 1 178.00 1 148.00 1 130.00 1 153.00 Att Inc 144 787 233 598 212 176 121 235 92 568
3 Yr Beta 0.07 0.03 0.41 0.65 0.60 TotCompIncLoss 155 178 242 869 224 094 127 194 99 259
Price Prd End 970 835 735 850 510 Fixed Ass 108 686 105 988 87 202 92 516 93 957
Price High 1 035 899 899 960 895 Inv & Loans - - - 350 962
Price Low 750 672 690 495 475 Tot Curr Ass 749 755 713 486 690 892 558 637 473 515
RATIOS Ord SH Int 858 618 820 891 738 142 673 306 617 721
12 711
Minority Int
17 248
14 167
13 314
13 567
RetOnSH Funds 13.39 11.79 6.99 6.17 2.38 LT Liab 132 153 124 663 87 303 92 187 116 051
RetOnTotAss 7.24 7.94 8.21 7.63 7.63 Tot Curr Liab 417 018 428 185 327 941 269 772 226 740
Debt:Equity 0.40 0.48 0.45 0.67 0.71
OperRetOnInv 7.44 8.81 9.13 7.76 7.64 PER SHARE STATISTICS (cents per share)
OpInc:Turnover 58.47 59.49 59.61 59.48 64.69 HEPS-C (ZARc) 178.35 291.02 261.18 144.22 110.13
DPS (ZARc) 106.00 213.00 192.00 127.00 -
NAV PS (ZARc) 1 061.14 1 012.27 907.44 814.39 756.00
3 Yr Beta 0.04 0.01 0.09 0.74 0.90
This publication is also Price High 3 849 3 700 2 599 2 699 2 350
3 001
2 250
1 176
Price Low
1 850
1 488
available online Price Prd End 3 496 3 400 2 335 2 055 1 925
RATIOS
Ret on SH Fnd 35.06 29.30 29.40 18.71 15.73
Visit www.profile.co.za/SHB Oper Pft Mgn 10.14 8.98 9.60 8.74 7.99
or scan the QR code to read the ebook D:E 0.23 0.23 0.12 0.13 0.18
1.80
2.09
2.07
2.11
Current Ratio
1.67
Div Cover 1.69 1.35 1.35 1.14 -
196