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Spear REIT Valuation Multiples
Discover revenue and EBITDA valuation multiples for Spear REIT and similar public comparables like Even Construtora, Hedge Top Fofii 3, Maui Land & Pineapple, Ladun Investment Company and more.
Spear REIT Overview
About Spear REIT
Spear REIT Ltd is a real estate investment trust. The company is a diversified property investment company investing in real estate sectors including office, retail, industrial, residential, and hospitality. Its operating business segments are Industrial, Commercial, Retail, Hospitality, Development, and Non-property. The segments derive their revenue mainly from rental income from leases. The company derives maximum revenue from the Commercial segment.
Founded
2015
HQ
Employees
37
Website
Sectors
Financials (LTM)
EV
$271M
Spear REIT Financials
Spear REIT reported last 12-month revenue of $31M.
Revenue (LTM)
Spear REIT P&L
In the most recent fiscal year, Spear REIT reported revenue of $41M and EBITDA of $40M.
Spear REIT expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $31M | XXX | $41M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $27M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 65% | XXX | XXX | XXX |
| EBITDA | — | XXX | $40M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 97% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 54% | XXX | XXX | XXX |
| Net Profit | — | XXX | $31M | XXX | XXX | XXX |
| Net Margin | — | XXX | 76% | XXX | XXX | XXX |
| Net Debt | — | — | $89M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Spear REIT Stock Performance
Spear REIT has current market cap of $317M, and enterprise value of $271M.
Market Cap Evolution
Spear REIT's stock price is $0.77.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $271M | $317M | 0.4% | XXX | XXX | XXX | $0.08 |
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Start Free TrialSpear REIT Valuation Multiples
Spear REIT trades at 8.8x EV/Revenue multiple, and 6.8x EV/EBITDA.
EV / Revenue (LTM)
Spear REIT Financial Valuation Multiples
As of April 7, 2026, Spear REIT has market cap of $317M and EV of $271M.
Equity research analysts estimate Spear REIT's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Spear REIT has a P/E ratio of 10.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $317M | XXX | $317M | XXX | XXX | XXX |
| EV (current) | $271M | XXX | $271M | XXX | XXX | XXX |
| EV/Revenue | 8.8x | XXX | 6.6x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 6.8x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 12.3x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 10.2x | XXX | XXX | XXX |
| P/E | — | XXX | 10.2x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 499.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Spear REIT Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Spear REIT Margins & Growth Rates
Spear REIT's revenue in the last 12 month grew by 23%.
Spear REIT's revenue per employee in the last FY averaged $1.1M, while opex per employee averaged $0.1M for the same period.
Spear REIT Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 23% | XXX | (26%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 97% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 3% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 11% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Spear REIT Public Comps
See public comps and valuation multiples for other Real Estate Development comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Even Construtora | XXX | XXX | XXX | XXX | XXX | XXX |
| Hedge Top Fofii 3 | XXX | XXX | XXX | XXX | XXX | XXX |
| Maui Land & Pineapple | XXX | XXX | XXX | XXX | XXX | XXX |
| Ladun Investment Company | XXX | XXX | XXX | XXX | XXX | XXX |
| EPH European Property | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Spear REIT M&A Activity
Spear REIT acquired XXX companies to date.
Last acquisition by Spear REIT was on XXXXXXXX, XXXXX. Spear REIT acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Spear REIT
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSpear REIT Investment Activity
Spear REIT invested in XXX companies to date.
Spear REIT made its latest investment on XXXXXXXX, XXXXX. Spear REIT invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Spear REIT
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Spear REIT
| When was Spear REIT founded? | Spear REIT was founded in 2015. |
| Where is Spear REIT headquartered? | Spear REIT is headquartered in South Africa. |
| How many employees does Spear REIT have? | As of today, Spear REIT has over 37 employees. |
| Is Spear REIT publicly listed? | Yes, Spear REIT is a public company listed on Johannesburg Stock Exchange. |
| What is the stock symbol of Spear REIT? | Spear REIT trades under SEA ticker. |
| When did Spear REIT go public? | Spear REIT went public in 2016. |
| Who are competitors of Spear REIT? | Spear REIT main competitors are Even Construtora, Hedge Top Fofii 3, Maui Land & Pineapple, Ladun Investment Company. |
| What is the current market cap of Spear REIT? | Spear REIT's current market cap is $317M. |
| What is the current revenue of Spear REIT? | Spear REIT's last 12 months revenue is $31M. |
| What is the current revenue growth of Spear REIT? | Spear REIT revenue growth (NTM/LTM) is 23%. |
| What is the current EV/Revenue multiple of Spear REIT? | Current revenue multiple of Spear REIT is 8.8x. |
| Is Spear REIT profitable? | No, Spear REIT is not profitable. |
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