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

Spear REIT (SEA: SJ), the only regionally focused REIT listed on the JSE, announced its FY2024 results. Since listing on the JSE, as a specialist REIT eight years ago, Spear has steadily grown its asset value to R4.62 billion, with a diversified portfolio of...

Spear REIT acquires a R1,146 billion real estate portfolio from Emira Property Fund Limited, focusing solely on the Western Cape, enhancing its strategic growth and diversified assets, with impressive occupancy rates and profitability.

Cape Town, 8 February 2024 Spear, a Real Estate Investment Trust (REIT) focused on the Western Cape region, has announced the successful completion of its private placement, resulting in commitments to subscribe for R313.5 million of new equity.  In accordance with...