Heriot REIT's distributable earnings up 26.1% on strategic acquisitions

Heriot REIT reported a 26.1% increase in distributable earnings to R389.21 million for the year ended June 30, 2025, up from R308.75 million in 2024. This growth was significantly boosted by the acquisition of Thibault REIT, which contributed R61.9 million to distributable earnings, alongside R19.1 million from its Safari shareholding and R15.0 million from asset disposals.

The company's distribution per share (DPS) rose by 14.3% to 121.91 cents, compared to 106.69 cents in the prior period. Net asset value (NAV) per share also increased by 17.5%, from R17.53 to R20.59. Overall total assets expanded by 11.8% to R13,608.08 million.

Heriot plans to maintain a 100% payout ratio of distributable earnings, forecasting a 10.0% to 15.0% growth in dividend per share for the year ending June 30, 2026. The final gross cash dividend declared is 65.07410 cents per share.