Consolidated Financial Statements for the year ended 29 February 2020
JSE Code SEA
SPEAR REIT LIMITED
Our investment portfolio is made up of 32 properties comprising a well-balanced mix of Industrial (56%), Commercial (27%), Retail (8%), Hospitality (6%) and Development (3%) real estate by gross lettable area (GLA).
The total gross lettable area of the portfolio is 436 436 m² which is let to 454 tenants divided into 59% A-grade, 26% B-grade, 12% C-grade tenants and 3% vacant ranging from JSE-listed entities to small or medium enterprises.
The geographically specialised portfolio gives Spear REIT the opportunity to focus on hands-on asset, tenant and portfolio management in the Western Cape. The portfolio presents stable income over the short, medium and long term with a number of redevelopment opportunities that will allow organic growth and increase of income in the portfolio.
M² Gross Lettable Area
Number of properties