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Updated 1h ago
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Heriot REIT LimitedJSE:HET Stock Report

Market Cap R8.3b
Updated 1h ago
Share Price
n/a
1Y62.5%
7D0%
1D0%
Portfolio Value
​
View

Heriot REIT Limited

JSE:HET Stock Report

Market Cap: R8.3b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Heriot REIT (HET) Stock Overview

Heriot REIT Limited (Heriot or the Company) is a property holding and investment company. More details

HET fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health0/6
Dividends3/6

Rewards

Price-To-Earnings ratio (6.4x) is below the ZA market (8.3x)

Earnings have grown 30.9% per year over the past 5 years

Risk Analysis

Interest payments are not well covered by earnings

Large one-off items impacting financial results


HET Community Fair Values

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Current Price
R26.0044.1% undervalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-15m7b2016201920222025202620282031Revenue R6.7bEarnings R5.1b
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Heriot REIT Limited Competitors

SA Real Estate

Symbol: JSE:SAC
Market cap: R9.4b

Burstone Group

Symbol: JSE:BTN
Market cap: R7.6b

Spear Reit

Symbol: JSE:SEA
Market cap: R5.3b

Attacq

Symbol: JSE:ATT
Market cap: R12.5b

Price History & Performance

Summary of share price highs, lows and changes for Heriot REIT
Historical stock prices
Current Share PriceR26.00
52 Week HighR26.00
52 Week LowR14.50
Beta0.019
1 Month Change0%
3 Month Change13.04%
1 Year Change62.50%
3 Year Change112.24%
5 Year Change126.09%
Change since IPO160.00%

Recent News & Updates

Analysis Article • Jun 30

Does Heriot REIT (JSE:HET) Deserve A Spot On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...

Recent updates

Analysis Article • Jun 30

Does Heriot REIT (JSE:HET) Deserve A Spot On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Dec 01

This Is The Reason Why We Think Heriot REIT Limited's (JSE:HET) CEO Might Be Underpaid

Key Insights Heriot REIT will host its Annual General Meeting on 8th of December Salary of R4.51m is part of CEO...
Analysis Article • Nov 29

We Take A Look At Whether Heriot REIT Limited's (JSE:HET) CEO May Be Underpaid

Key Insights Heriot REIT's Annual General Meeting to take place on 5th of December Salary of R4.34m is part of CEO...
Analysis Article • Jan 14

Should You Be Concerned About Heriot REIT Limited's (JSE:HET) ROE?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

Shareholder Returns

HETZA REITsZA Market
7D0%-0.2%-1.0%
1Y62.5%15.7%6.6%

Return vs Industry: HET exceeded the ZA REITs industry which returned 15.7% over the past year.

Return vs Market: HET exceeded the ZA Market which returned 6.6% over the past year.

Price Volatility

Is HET's price volatile compared to industry and market?
HET volatility
HET Average Weekly Movement3.6%
REITs Industry Average Movement2.7%
Market Average Movement4.4%
10% most volatile stocks in ZA Market11.0%
10% least volatile stocks in ZA Market2.6%

Stable Share Price: HET has not had significant price volatility in the past 3 months compared to the ZA market.

Volatility Over Time: HET's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aRichard Herringwww.heriotreit.com

Heriot REIT Limited (Heriot or the Company) is a property holding and investment company. Heriot REIT Limited is listed in the Diversified REITs sector on the Alternative Exchange of the JSE Limited (JSE). Heriot and its subsidiaries (the Group) are primarily invested in retail and industrial properties situated in areas with high growth potential.

Heriot REIT Limited Fundamentals Summary

How do Heriot REIT's earnings and revenue compare to its market cap?
HET fundamental statistics
Market capR8.30b
Earnings (TTM)R1.31b
Revenue (TTM)R1.73b
6.4x
P/E Ratio
4.8x
P/S Ratio

Is HET overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HET income statement (TTM)
RevenueR1.73b
Cost of RevenueR690.58m
Gross ProfitR1.04b
Other Expenses-R264.96m
EarningsR1.31b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)4.09
Gross Margin60.15%
Net Profit Margin75.44%
Debt/Equity Ratio80.2%

How did HET perform over the long term?

See historical performance and comparison

Dividends

5.1%
Current Dividend Yield
93%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/18 02:14
End of Day Share Price 2026/09/17 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Heriot REIT Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

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