Solid results for Western Cape’s Spear REIT as it ups dividends for shareholders

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...

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...

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...