Spear REIT continues to show robust growth with increased income and portfolio expansions

SPEAR REIT’s distributable income increased by a commendable 5.21% to 43.78 cents for the six months ending August 31, 2025, after a period of notable property acquisitions.

- EDWARD WEST

The growth in revenue has been even more pronounced, with a 27.47% surge to R395.36 million, and a big reduction in loan-to-value, which fell from 27.09% to 13.85%. The performance highlights a robust operational strategy and keen market positioning in the competitive South African real estate sector.

“Robust rental collections, growing letting activity, tenant retention, and hands-on financial, debtors and vacancy management remain the key building blocks for the entire Spear team,” said CEO Quintin Rossi.

Occupancy rates stood resiliently at 95.03%, which was credited to successful marketing and letting initiatives within Spear’s core portfolio, setting a firm foundation for ongoing growth.

During the period, Spear successfully acquired real estate assets valued at R1.074 billion at an attractive average yield of 9.54%, exceeding their weighted average cost of capital.