Spear REIT Limited

GUIDANCE Given Spear’s strategy-aligned operational and financial performance of HY25 and the available information management has at its disposal at the interim results reporting date, management's full-year DIPS guidance will be growth of between 2% – 4% compared to FY2024. The payout ratio is set to be maintained at 95% by the Board of Directors. Spear’s guidance will be informed and impacted by the following: - No loadshedding for the balance of FY2025 - Vacancies are reduced in line with management’s forecast - Lease renewals are concluded per management’s forecast - No major tenant failures occur during the period - Tenants continue to successfully absorb rising costs associated with utility charges, municipal rates and other charges - SARB repo rate reduction of between 0.25bps – 0.50bps for the balance of FY2025 - No civil unrest within Cape Town, the Western Cape or South Africa. Any changes in the above assumptions may affect management's forecast for the year ending 28 February 2025. The information and opinions contained above are recorded and expressed in good faith and are based upon reliable information provided to management. No representation, warranty, undertaking or guarantee of whatsoever nature is made or given with regard to the accuracy and/or completeness of such information and/or the correctness of such opinions. The forecast for the period ending 28 February 2025 is the sole responsibility of the directors and has not been reviewed or audited by Spear’s independent external auditors. Find the link to the report below. https://bit.ly/3PgDCm2 #spearHY25 #HY25 #spearreit #spearreitlimited #realestateinvestment #reit #sareit #realestate #jse #finance #property #capetown #westerncape #weinvestwesterncape

May the Festival of Lights brighten your homes and illuminate new opportunities. Wishing a prosperous and joyous Diwali to all our tenants, partners, and communities across the Western Cape. 🪔✨ #Spear #Diwali2024 #FestivalOfLights #WeInvestWesternCape

The formation of the Government of National Unity and 200+ days of no loadshedding have provided a boost for businesses across the board! ⚡ Spear REIT’s Western Cape-focused portfolio is strategically placed to take advantage of shifting real estate fundamentals, economic growth, and the positive effects of semigration. Despite the challenges of rising costs and extreme winter weather, our consistent net property income growth signals positive asset valuation trends within our core portfolio. Infrastructure investments continue to position the Western Cape as South Africa’s leading economic hub, driving further opportunities. Key highlights: ✅ 200+ days without loadshedding = more economic opportunities. ✅ SARB’s recent 0.25% interest rate cut promotes business and consumer health. ✅ Spear’s focus remains on high-quality assets, industrial logistics, and convenience retail sectors. ✅ Our ESG strategy is aligned with people, planet, and profit, ensuring sustainable long-term outcomes. We remain committed to a growth-focused strategy, maintaining high occupancy rates and exploring potential opportunities like data centres. Find the link to the HY25 booklet below https://bit.ly/3PgDCm2 #spearHY25 #HY25 #spearreit #spearreitlimited #realestateinvestment #reit #sareit #realestate #jse #finance #property #capetown #westerncape #weinvestwesterncape

Spear's mission statement is to be the leading Western Cape-focused REIT and to consistently grow our distribution per share and to operate within the top quartile of our peer group. Find the link to the presentation below. https://bit.ly/3PgDCm2 #spearHY25 #HY25 #spearreit #spearreitlimited #realestateinvestment #reit #sareit #realestate #jse #finance #property #capetown #westerncape #weinvestwesterncape

We're pleased to share our HY25 development growth opportunities that have strategically expanded our portfolio and will create long-term value for our shareholders. Find the link to the presentation below. https://bit.ly/3PgDCm2 #spearHY25 #HY25 #spearreit #spearreitlimited #realestateinvestment #reit #sareit #realestate #jse #finance #property #capetown #westerncape #weinvestwesterncape

Our diversified portfolio continues to shine! We're proud to report solid performance across all sectors, demonstrating the strength and resilience of our Western Cape investment strategy. Find the link to the presentation below. https://bit.ly/3PgDCm2 #spearHY25 #HY25 #spearreit #spearreitlimited #realestateinvestment #reit #sareit #realestate #jse #finance #property #capetown #westerncape #weinvestwesterncape

Property revenue at the period ended 31 August 2024 was R307 million. Find the link to the booklet below. https://lnkd.in/d8ye4nhM #spearHY25 #HY25 #spearreit #spearreitlimited #realestateinvestment #reit #sareit #realestate #jse #finance #property #capetown #westerncape #weinvestwesterncape

Tune into Business Day TV at 17:30 as Chief Executive Officer, Quintin Rossi, discusses the HY25 results in depth with Zinathi Gquma. #spearHY25 #HY25 #spearreit #spearreitlimited #realestateinvestment #reit #sareit #realestate #jse #finance #property #capetown #westerncape #weinvestwesterncape

Spear’s portfolio composition consists of 27 high-quality Western Cape assets. Total GLA at period end was 405 709m², valued at R4.22 billion. Find the link to the report below. https://bit.ly/3PgDCm2 #spearHY25 #HY25 #spearreit #spearreitlimited #realestateinvestment #reit #sareit #realestate #jse #finance #property #capetown #westerncape #weinvestwesterncape

Management follows a “people, planet & profit” approach to sustainability with a clear strategy to roll-out PV solar solutions across the majority of the core portfolio. To date, 59% of total assets have been installed with PV solar solutions with a strategic intent to increase installed capacity to in excess of 60% of portfolio assets by the end of FY25. Find the link to the report below. https://bit.ly/3PgDCm2 #spearHY25 #HY25 #spearreit #spearreitlimited #realestateinvestment #reit #sareit #realestate #jse #finance #property #capetown #westerncape #weinvestwesterncape #solar