Spear navigates Covid-19 headwinds with a 96.9% rental collection rate and positive interim results
Spear REIT Limited (SEA:SJ), the only regionally specialised Real Estate Investment Trust (REIT) listed on the JSE, reported its interim financial results today.
Strategy pays off as Spear REIT navigates Covid-19 challenges with 93.25% collections
Spear REIT Limited (SEA:SJ), the only regionally focused REIT on the JSE with exposure to high quality Western Cape-only assets, disclosed its group performance under the national lockdown in a pre-close investor presentation on Friday 28 August 2020.
Spear REIT posts 6.06% earnings growth amidst tough trading environment
Spear REIT Limited (SEA:SJ), the only regionally specialised Real Estate Investment Trust (REIT) listed on the JSE, reported its annual financial results today, posting 6.06% earnings growth amidst some of the toughest trading environments in recent years for the South African listed real estate sector.
Spear REIT launches innovative self-isolation campaign for returning travellers in Cape Town, South Africa to combat COVID-19:
JSE listed Spear REIT Limited, the owner of the Double Tree by Hilton Cape Town, is the first in South Africa to launch an innovative self-quarantine accomodation solution.
Spear REIT Limited appoints first female member of Executive Team in leading role
JSE listed Spear REIT Limited announced the appointment of Mrs. Kim Pfaff-Karg as Chief Investment Officer who will join the business on the 1st of March 2020.
Spear REIT Limited – Acquires Liberty Life Regional Head Office in Century City
Spear REIT Limited (SEA:SJ) on Friday 1st November announced the acquisition of the Liberty Life Regional Head Office from Liberty Group and 2 Degrees Properties for R 370 million.
Focused Spear REIT Limited bucks the SA Real Estate trend with impressive interim results
"Amidst the tough trading conditions and the subdued performance of the real estate sector as a whole in South Africa, Spear should be one of a REIT investors go to stocks.''
Spear REIT Limited delivers double digit growth despite tough economic environment
“Spear has delivered distribution growth of 10,09% in a very tough economic environment. In a less than optimal operating environment the strong performance of the core portfolio is testament to its high-quality nature and reinforces management’s strategy of being regional focused and close to its assets” – CEO Quintin Rossi
Spear REIT Limited – Acquires Northgate Corporate Office Park, Cape Town
Cape Town – Spear REIT Limited on Tuesday the 21st of November announced the acquisition of Northgate Island Corporate Office Park “Northgate Park” from Tremtrust 1 Trust comprising of 30% of block 1 and 100% of blocks 2, 3 and 4 of the property for R 313 000 000.
Spear REIT Limited – Continue to outperform
“Spear’s assets under ownership of its core portfolio have increased 117% since the start of the 2018 financial year. The strong performance of the core portfolio stands testament to the value investing nature of management and ability to actively manage assets that generate yield-enhancing returns for shareholders” – CEO Mike Flax.
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