Heriot REIT (JSE:HET) - Stock Price, News & Analysis

HET Stock Overview

Heriot Properties (Pty) Ltd. operates as a property holding company. More details

HET fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	1/6
Financial Health	0/6
Dividends	3/6

Rewards

Trading at 1.2% below our estimate of its fair value

Risk Analysis

Interest payments are not well covered by earnings

Shareholders have been diluted in the past year

Large one-off items impacting financial results

Profit margins (48%) are lower than last year

Heriot REIT Limited Competitors

Fairvest

JSE:FTA

R8.0b

Emira Property Fund

JSE:EMI

R5.7b

SA Real Estate

JSE:SAC

R7.2b

Octodec Investments

JSE:OCT

R3.3b

Price History & Performance

Summary of all time highs, changes and price drops for Heriot REIT
Historical stock prices
Current Share Price	R16.00
52 Week High	R16.00
52 Week Low	R14.00
Beta	-0.018
11 Month Change	0%
3 Month Change	0%
1 Year Change	18.52%
33 Year Change	39.13%
5 Year Change	45.45%
Change since IPO	60.00%

Recent updates

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

Jan 14

Shareholder Returns

	HET	ZA REITs	ZA Market
7D	0%	0.3%	2.2%
1Y	18.5%	31.3%	13.9%

Return vs Industry: HET underperformed the ZA REITs industry which returned 32% over the past year.

Return vs Market: HET exceeded the ZA Market which returned 14.8% over the past year.

Price Volatility

Is HET's price volatile compared to industry and market?
HET volatility
HET Average Weekly Movement	0%
REITs Industry Average Movement	3.6%
Market Average Movement	4.4%
10% most volatile stocks in ZA Market	9.2%
10% least volatile stocks in ZA Market	2.6%

Stable Share Price: Data is not available.

Volatility Over Time: Insufficient data to determine HET's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Richard Herring	www.heriotreit.com

Heriot Properties (Pty) Ltd. operates as a property holding company. The company offers investment analysis, project management, property development and management, and retail services. Its projects include industrial, retail, office, and other projects.

Heriot REIT Limited Fundamentals Summary

How do Heriot REIT's earnings and revenue compare to its market cap?
HET fundamental statistics
Market cap	R5.11b
Earnings (TTM)	R664.73m
Revenue (TTM)	R1.39b

7.7x

P/E Ratio

3.7x

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)
Revenue	R1.39b
Cost of Revenue	R524.41m
Gross Profit	R861.00m
Other Expenses	R196.27m
Earnings	R664.73m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.08
Gross Margin	62.15%
Net Profit Margin	47.98%
Debt/Equity Ratio	74.5%

How did HET perform over the long term?

See historical performance and comparison

Dividends

7.1%

Current Dividend Yield

86%

Payout Ratio

HET Stock Overview

Rewards

Risk Analysis

Heriot REIT Limited Competitors

JSE:FTA

R8.0b

JSE:EMI

R5.7b

JSE:SAC

R7.2b

JSE:OCT

R3.3b

Price History & Performance

Recent News & Updates

Heriot REIT Limited, Annual General Meeting, Dec 05, 2024

Heriot REIT Limited Announces Appointment of Greg Heron as A Non-Executive Director and A Member of the Audit and Risk Committee

New minor risk - Shareholder dilution

Final dividend increased to R0.57

Full year 2024 earnings released: EPS: R2.60 (vs R3.78 in FY 2023)

Heriot Reit Limited Announces Directorate Changes

Recent updates

Heriot REIT Limited, Annual General Meeting, Dec 05, 2024

Heriot REIT Limited Announces Appointment of Greg Heron as A Non-Executive Director and A Member of the Audit and Risk Committee

New minor risk - Shareholder dilution

Final dividend increased to R0.57

Full year 2024 earnings released: EPS: R2.60 (vs R3.78 in FY 2023)

Heriot Reit Limited Announces Directorate Changes

First half dividend of R0.50 announced

Heriot REIT Limited Declares Interim Gross Cash Dividend for the Period Ended 31 December 2023, Payable on April 22, 2024

Heriot REIT Limited, Annual General Meeting, Dec 06, 2023

New minor risk - Financial data availability

Heriot Reit Limited Declares Final Gross Cash Dividend Out of the Company's Distributable Income for the Year Ended 30 June 2023, Payable on 23 October 2023

Investor sentiment improves as stock rises 17%

Upcoming dividend of R0.52 per share at 9.1% yield

First half 2023 earnings released

Insufficient new directors

Insufficient new directors

Heriot REIT Limited, Annual General Meeting, Dec 07, 2022

Insufficient new directors

Heriot REIT Limited (JSE:HET) acquired an unknown minority stake in Safari Investments RSA Limited (JSE:SAR).

Upcoming dividend of R0.50 per share

Heriot REIT Limited Declares Final Gross Cash Dividend for the Six Months Ended December 31, 2021, Payable on March 22, 2022

Heriot REIT Limited Expects Dividend for the Six Months Ended 31 December 2021

Now 23% undervalued after recent price drop

Now 23% undervalued after recent price drop

Full year 2021 earnings released: EPS R1.23 (vs R0.32 in FY 2020)

Upcoming dividend of R0.47 per share

Full year 2021 earnings released: EPS R1.23 (vs R0.32 in FY 2020)

Upcoming Dividend of R0.44 Per Share

Reya Gola Investment (Pty) Ltd and Heriot REIT Limited (JSE:HET) acquired 15% stake in Safari Investments RSA Limited (JSE:SAR).

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

Full year earnings released

Upcoming Dividend of R0.43 Per Share

Shareholder Returns

Price Volatility

About the Company

Heriot REIT Limited Fundamentals Summary

7.7x

3.7x

Earnings & Revenue

Dividends

7.1%

86%