Heriot REIT reports record 42.5% increase in distributable earnings – Property Wheel

Heriot REIT reports record 42.5% increase in distributable earnings – Property Wheel

Heriot REIT has achieved its record distributable earnings of R181,453 million for the six months ended 31 December 2024, representing a 42.5% increase compared to the same period in 2023 of R127,371 million. Heriot’s acquisition of Thibault, through a share exchange agreement in June 2024, partly contributed to the growth with the inclusion of Thibault’s statement of comprehensive income on a line-by-line basis contributing R27.5 million to dis…