OUR FY2026
INTEGRATED REPORT
IS NOW LIVE!
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THE
WESTERN CAPE
REIT
Focus on hands-on asset, tenant and portfolio management in the Western Cape.
OUR
PROPERTY
PORTFOLIO
Our investment portfolio is made up of 28 properties comprising a well-balanced mix of Industrial, Commercial and Retail.
Investor
Communications
View our Financial Results, Integrated Reports, SENS announcements and more
Investing in high-quality income-generating real estate across all sectors within the Western Cape.
The total gross lettable area of the portfolio is 630 061 m² which is let to 659 tenants divided into 59% A-grade, 34% B-grade, 5% 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.
31 111M2
KEY INDICATORS
42
Number of Properties
630 061
Gross Lettable Area (m2)
30 months
WAULT
R7.177 bn
Asset Value
97%
Occupancy
Investor Communications
Blackheath Park, Blackheath
Spear REIT Expands Western Cape Footprint with R960 Million Prime Tygervalley Office Portfolio Acquisition
Western Cape-focused Spear REIT Limited has announced the acquisition of a premium grade office portfolio in Tygervalley, Cape Town, for R960 million, further expanding its footprint in one of the Western Cape’s strongest-performing commercial precincts. The...
Spear Delivers Guidance-Beating FY2026 Results as Portfolio Surpasses R7 Billion
Western Cape-focused Spear REIT Limited has delivered guidance-beating results for the financial year ended 28 February 2026, reporting a 6.02% year-on-year increase in both distributable income per share (DIPS) and distribution per share (DPS). The performance...
Spear raises R1 billion in oversubscribed bookbuild
Western Cape-focused real estate investment trust Spear REIT has completed an accelerated bookbuild, raising R1 billion from qualifying investors. The capital raise attracted strong demand and was multiple times oversubscribed. A total of 78 740 158 new ordinary...
Spear REIT Expands Western Cape Footprint with R960 Million Prime Tygervalley Office Portfolio Acquisition
Western Cape-focused Spear REIT Limited has announced the acquisition of a premium grade office portfolio in Tygervalley, Cape Town, for R960 million, further expanding its footprint in one of the Western Cape’s strongest-performing commercial precincts. The...