Newly listed Spear Reit delivers with first set of financial results

Distribution per share of 23.51 cents, an increase of 16.75% over the budgeted distribution. NAV per share increased from R9.37 to R10.03 – a 7.01% increase. R250 million capital raised at listing on 11 November 2016. R119-million capital raised through a cash for share issue on 28 February 2017. Gearing reduced from 42.11% to 33.09%. … Continue reading Newly listed Spear Reit delivers with first set of financial results