Unaudited Consolidated Interim Results ended 31 August 2019
JSE Code SEA
SPEAR REIT LIMITED
Our investment portfolio is made up of 30 properties comprising a well-balanced mix of Industrial (51%), Retail (9%), Office (31%), Hospitality (7%) and Residential (2%) real estate by gross lettable area (GLA).
The total gross lettable area of the portfolio is 402 652 m² which is let to 399 tenants divided into 28% A-grade, 51% B-grade and 21% C-grade tenants 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