Heriot REIT Limited (“Heriot” or “the Company”) is a property holding and investment company that 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’s primary objective is to grow and streamline its asset base through the acquisition of high-quality properties, the redevelopment of existing properties and the disposal of assets identified as non-core. Pursuant to its investment strategy, Heriot acquired 100% of Thibault REIT Limited (“Thibault”) on 28 June 2024 (“Thibault acquisition”) and increased its strategic interest in Safari Investments RSA Limited (“Safari”) to 59,2%.
Metrics to compare | HETJ | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipHETJPeersSector | |
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P/E Ratio | 4.9x | 7.3x | 9.1x | |
PEG Ratio | −0.80 | 0.05 | 0.01 | |
Price/Book | 0.8x | 0.7x | 0.9x | |
Price / LTM Sales | 3.1x | 3.4x | 3.9x | |
Upside (Analyst Target) | - | 3.1% | 12.6% | |
Fair Value Upside | Unlock | 3.7% | 0.4% | Unlock |