{"id":10495,"date":"2021-05-17T16:22:25","date_gmt":"2021-05-17T16:22:25","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=10495"},"modified":"2021-05-17T15:46:40","modified_gmt":"2021-05-17T15:46:40","slug":"spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio","title":{"rendered":"Spear REIT sees 100% occupancy of Western Cape real estate portfolio"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/south-africa\">South-Africa<\/a>. <\/strong><\/span>CAPE TOWN &#8211; SPEAR, the only regionally specialised REIT on the JSE-focused Western Cape property, saw its distributable income per share fall 19.94 percent to 73.38 cents in the year to end-February, 2021.<\/p>\n<p>The distribution per share fell 35.95 percent to 58.70c.<\/p>\n<p>The final dividend per share was down 37.56 percent to 29.36c, and the payout pay-out ratio was 80 percent of distributable income a share, versus 100 percent payout in the prior period.<\/p>\n<p>The group, which owns 32 industrial-, retail-, commercial- and hospitality-focused properties, collected 97.79 percent of billings versus the billings as measured as at April 30, 2021.<\/p>\n<p>Net asset value fell by 5.57 percent to 1 153c per share.<\/p>\n<p>Portfolio occupancy stood at 93.84 percent, and was 100 percent for the Western Cape properties.<\/p>\n<p>The investment property value rose 7.46 percent to R4.5bn. Loan to value increased to 45.81 percent from the 39.63 percent reported at the year to end-February, 2020.<\/p>\n<p>[email protected]<\/p>\n<p><b>BUSINESS REPORT<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. CAPE TOWN &#8211; SPEAR, the only regionally specialised REIT on the JSE-focused Western Cape property, saw its distributable income per share fall 19.94 percent to 73.38 cents in the year to end-February, 2021. The distribution per share fell 35.95 percent to 58.70c. The final dividend per share was down 37.56 percent to [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":10494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,275],"class_list":["post-10495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Spear REIT sees 100% occupancy of Western Cape real estate portfolio - South Africa<\/title>\n<meta name=\"description\" content=\"CAPE TOWN - SPEAR, the only regionally specialised REIT on the JSE-focused Western Cape property, saw its distributable ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spear REIT sees 100% occupancy of Western Cape real estate portfolio\" \/>\n<meta property=\"og:description\" content=\"CAPE TOWN - SPEAR, the only regionally specialised REIT on the JSE-focused Western Cape property, saw its distributable ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-17T16:22:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-60a28fc1a2740.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"404\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Spear REIT sees 100% occupancy of Western Cape real estate portfolio\",\"datePublished\":\"2021-05-17T16:22:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio\"},\"wordCount\":153,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-60a28fc1a2740.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio\",\"name\":\"Spear REIT sees 100% occupancy of Western Cape real estate portfolio - South Africa\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-60a28fc1a2740.jpg\",\"datePublished\":\"2021-05-17T16:22:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"CAPE TOWN - SPEAR, the only regionally specialised REIT on the JSE-focused Western Cape property, saw its distributable ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-60a28fc1a2740.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-60a28fc1a2740.jpg\",\"width\":720,\"height\":404,\"caption\":\"Spear REIT sees 100% occupancy of Western Cape real estate portfolio\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-africa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Spear REIT sees 100% occupancy of Western Cape real estate portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/\",\"name\":\"South Africa\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Spear REIT sees 100% occupancy of Western Cape real estate portfolio - South Africa","description":"CAPE TOWN - SPEAR, the only regionally specialised REIT on the JSE-focused Western Cape property, saw its distributable ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio","og_locale":"en_US","og_type":"article","og_title":"Spear REIT sees 100% occupancy of Western Cape real estate portfolio","og_description":"CAPE TOWN - SPEAR, the only regionally specialised REIT on the JSE-focused Western Cape property, saw its distributable ...","og_url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio","og_site_name":"South Africa","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-05-17T16:22:25+00:00","og_image":[{"width":720,"height":404,"url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-60a28fc1a2740.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Spear REIT sees 100% occupancy of Western Cape real estate portfolio","datePublished":"2021-05-17T16:22:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio"},"wordCount":153,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-60a28fc1a2740.jpg","keywords":["Africa Press","Africa Press-South-Africa","South-Africa"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio","url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio","name":"Spear REIT sees 100% occupancy of Western Cape real estate portfolio - South Africa","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-60a28fc1a2740.jpg","datePublished":"2021-05-17T16:22:25+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"CAPE TOWN - SPEAR, the only regionally specialised REIT on the JSE-focused Western Cape property, saw its distributable ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#primaryimage","url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-60a28fc1a2740.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-60a28fc1a2740.jpg","width":720,"height":404,"caption":"Spear REIT sees 100% occupancy of Western Cape real estate portfolio"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/spear-reit-sees-100-occupancy-of-western-cape-real-estate-portfolio#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-africa\/"},{"@type":"ListItem","position":2,"name":"Spear REIT sees 100% occupancy of Western Cape real estate portfolio"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-africa\/#website","url":"https:\/\/www.africa-press.net\/south-africa\/","name":"South Africa","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/10495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/comments?post=10495"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/10495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media\/10494"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media?parent=10495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/categories?post=10495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/tags?post=10495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}