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Pre-Close Investors’ Presentation and Trading Update – August 2020

JSE Code SEA

WELCOME TO

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.

436 436

M² Gross Lettable Area

97.1%

Occupancy

R4.18bn

Asset Value

29 Months

WALE

32

Number of properties