“Spear’s assets under ownership of its core portfolio have increased 117% since the start of the 2018 financial year. The strong performance of the core portfolio stands testament to the value investing nature of management and ability to actively manage assets that generate yield-enhancing returns for shareholders” – CEO Mike Flax.
Spear REIT Provides HY2026 Pre-Close Update: Strong Operational Delivery, Portfolio Growth and Balance Sheet Resilience
Spear REIT has released its HY2026 pre-close update, reporting steady portfolio performance, strong acquisitions worth R1.08 billion, and ongoing solar rollout across its Western Cape assets. With occupancy stable at 95% and distributable income tracking above guidance, Spear remains positioned for resilient growth.
