Heriot REIT Past Earnings Performance
Past criteria checks 1/6
Heriot REIT has been growing earnings at an average annual rate of 38.6%, while the REITs industry saw earnings growing at 30% annually. Revenues have been growing at an average rate of 18.3% per year. Heriot REIT's return on equity is 12.8%, and it has net margins of 48%.
Key information
38.6%
Earnings growth rate
38.6%
EPS growth rate
| REITs Industry Growth | 3.9% |
| Revenue growth rate | 18.3% |
| Return on equity | 12.8% |
| Net Margin | 48.0% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Revenue & Expenses Breakdown
How Heriot REIT makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 1,385 | 665 | 82 | 0 |
| 31 Mar 24 | 1,151 | 821 | 72 | 0 |
| 31 Dec 23 | 917 | 978 | 61 | 0 |
| 30 Sep 23 | 772 | 971 | 54 | 0 |
| 30 Jun 23 | 626 | 964 | 47 | 0 |
| 31 Mar 23 | 613 | 820 | 49 | 0 |
| 31 Dec 22 | 599 | 677 | 52 | 0 |
| 30 Sep 22 | 588 | 643 | 50 | 0 |
| 30 Jun 22 | 576 | 610 | 48 | 0 |
| 31 Mar 22 | 563 | 511 | 46 | 0 |
| 31 Dec 21 | 550 | 411 | 43 | 0 |
| 30 Sep 21 | 527 | 362 | 42 | 0 |
| 30 Jun 21 | 504 | 313 | 41 | 0 |
| 31 Mar 21 | 492 | 149 | 39 | 0 |
| 31 Dec 20 | 480 | -15 | 37 | 0 |
| 30 Sep 20 | 494 | 34 | 38 | 0 |
| 30 Jun 20 | 508 | 83 | 39 | 0 |
| 31 Mar 20 | 510 | 179 | 38 | 0 |
| 31 Dec 19 | 512 | 276 | 36 | 0 |
| 30 Sep 19 | 492 | 243 | 35 | 0 |
| 30 Jun 19 | 473 | 209 | 34 | 0 |
| 30 Jun 18 | 411 | 460 | 32 | 0 |
Quality Earnings: HET has a large one-off gain of ZAR509.3M impacting its last 12 months of financial results to 30th June, 2024.
Growing Profit Margin: HET's current net profit margins (48%) are lower than last year .
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HET's earnings have grown significantly by 38.6% per year over the past 5 years.
Accelerating Growth: HET's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HET had negative earnings growth (-31%) over the past year, making it difficult to compare to the REITs industry average (19.2%).
Return on Equity
High ROE: HET's Return on Equity (12.8%) is considered low.