Page 200 - Profile's Stock Exchange Handbook - 2025 Issue 4

JSE - SPE Profile’s Stock Exchange Handbook: 2025 - Issue 4
Spear REIT Ltd. 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. (“Spear”) 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.
NUMBER OF EMPLOYEES: 35 SECTOR: ConsDisr--Travel&Leis--Travel&Leis--Resturants&Bars
DIRECTORS: Allie J E (ld ind ne), Goldberg B L (ind ne), McCarthy C S (ne), NUMBER OF EMPLOYEES: 434
Phillips Dr R (ind ne), Raziya B (ind ne), Solms J (ind ne), Varachhia A DIRECTORS: Boggenpoel J (ind ne), Fernandez C (ind ne), Molebatsi L
(Chair, ne), Flax M N (Dep Chair, ne), Rossi Q M (CEO), Barnard C (CFO) (ind ne), Parker A C (ind ne), Zinn S A (ld ind ne), Bosman M J
MAJOR ORDINARY SHAREHOLDERS as at 28 Feb 2025 (Chair, ind ne), Nichas V (CEO), Robertson K (COO), Teixeira C (CFO)
Old Mutual Group 8.08% MAJOR ORDINARY SHAREHOLDERS as at 22 Jan 2025
Spear Holdco (Pty) Ltd. 5.76% Coronation Fund Managers 16.30%
Nedbank Group 5.44% Camissa Asset Management (Pty) Ltd. 10.17%
POSTAL ADDRESS: PO Box 50, Observatory, 7935 Allan Gray 10.10%
MORE INFO: www.sharedata.co.za/sdo/jse/SEA POSTAL ADDRESS: PO Box 166, Century City, 7446
COMPANY SECRETARY: René Cheryl Stober MORE INFO: www.sharedata.co.za/sdo/jse/SUR
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. COMPANY SECRETARY: Donfrey Meyer
SPONSOR: PSG Capital (Pty) Ltd. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
AUDITORS: BDO SPONSOR: Questco Corporate Advisory (Pty) Ltd.
CAPITAL STRUCTURE Authorised Issued AUDITORS: PwC Inc.
SEA Ords no par val 1 000 000 000 414 886 976 CAPITAL STRUCTURE Authorised Issued
DISTRIBUTIONS [ZARc] SUR Ords 0.001c 201 000 000 90 996 932
Ords no par val Ldt Pay Amt DISTRIBUTIONS [ZARc]
Interim No 18 4 Nov 25 10 Nov 25 41.59 Ords 0.001c Ldt Pay Amt
Final No 17 10 Jun 25 17 Jun 25 41.74 Final No 50 9 Sep 25 15 Sep 25 193.00
LIQUIDITY: Oct25 Avg 2m shares p.w., R15.2m(19.2% p.a.) Interim No 49 25 Mar 25 31 Mar 25 106.00
LIQUIDITY: Oct25 Avg 382 277 shares p.w., R13.2m(21.8% p.a.)
SPEARREIT 40 Week MA REIV
1200
SPURCORP 40 Week MA TRAV
1100 4500
1000 4000
900 3500
800
3000
700
2500
600
2000
500
1500
400
2021 2022 2023 2024 2025
1000
2021 2022 2023 2024 2025
FINANCIAL STATISTICS
Aug 25 Feb 25 Feb 24 Feb 23 Feb 22 FINANCIAL STATISTICS
(R ’000)
Interim Final Final Final Final (R ’000) Jun 25 Jun 24 Jun 23 Jun 22 Jun 21
NetRent/InvInc 227 500 404 299 368 486 346 490 341 953 Final Final Final Final Final(rst)
Total Inc 243 827 408 181 371 126 349 291 345 600 Turnover 3 863 166 3 473 648 3 045 201 2 391 192 1 804 945
Attrib Inc 259 732 525 120 362 740 182 205 164 924 Op Inc 376 057 312 016 292 459 208 921 144 294
TotCompIncLoss 259 732 525 120 362 740 182 205 164 924 NetIntPd(Rcvd) - 25 180 - 29 580 - 25 965 - 747 - 3 508
Ord UntHs Int 4 788 374 3 908 570 3 063 045 2 594 408 2 650 089 Minority Int 13 685 11 064 8 834 7 105 6 677
Investments 5 598 299 5 432 267 4 180 066 3 793 263 4 406 265 Att Inc 273 067 233 598 212 176 121 235 92 568
FixedAss/Prop 535 333 500 1 041 1 604 TotCompIncLoss 293 066 242 869 224 094 127 194 99 259
Tot Curr Ass 820 877 107 900 49 423 461 621 117 089 Fixed Ass 101 546 105 988 87 202 92 516 93 957
Total Ass 6 523 185 5 640 936 4 673 422 4 256 708 4 530 473 Inv & Loans - - - 350 962
Tot Curr Liab 384 548 655 684 349 649 473 915 76 849 Tot Curr Ass 867 214 713 486 690 892 558 637 473 515
PER SHARE STATISTICS (cents per share) Ord SH Int 903 409 820 891 738 142 673 306 617 721
HEPLU-C (ZARc) 43.33 86.63 82.78 79.85 77.21 Minority Int 21 598 14 167 13 567 12 711 13 314
DPLU (ZARc) 41.59 81.27 78.86 75.98 68.25 LT Liab 123 928 124 663 87 303 92 187 116 051
NAV (ZARc) 1 210.00 1 220.00 1 178.00 1 148.00 1 130.00 Tot Curr Liab 485 002 428 185 327 941 269 772 226 740
3 Yr Beta - 0.10 0.07 0.03 0.41 0.65 PER SHARE STATISTICS (cents per share)
Price Prd End 1 025 970 835 735 850 HEPS-C (ZARc) 339.88 291.02 261.18 144.22 110.13
Price High 1 098 1 035 899 899 960 DPS (ZARc) 299.00 213.00 192.00 127.00 -
Price Low 881 750 672 690 495 NAV PS (ZARc) 1 118.55 1 012.27 907.44 814.39 756.00
RATIOS 3 Yr Beta - 0.04 0.01 0.09 0.74 0.90
RetOnSH Funds 10.82 13.39 11.79 6.99 6.17 Price High 3 849 3 700 2 599 2 699 2 350
RetOnTotAss 7.48 7.24 7.94 8.21 7.63 Price Low 2 858 2 250 1 850 1 488 1 176
Debt:Equity 0.33 0.40 0.48 0.45 0.67 Price Prd End 3 290 3 400 2 335 2 055 1 925
OperRetOnInv 8.13 7.44 8.81 9.13 7.76 RATIOS
OpInc:Turnover 57.54 58.47 59.49 59.61 59.48 Ret on SH Fnd 31.00 29.30 29.40 18.71 15.73
Oper Pft Mgn 9.73 8.98 9.60 8.74 7.99
D:E 0.21 0.23 0.12 0.13 0.18
Current Ratio 1.79 1.67 2.11 2.07 2.09
Div Cover 1.13 1.35 1.35 1.14 -
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