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Heriot REITJSE:HET 69 FCF Margin % is 78.50% as of Dec. 2025, which is 46% above its 10-year median of 53.83. GuruFocus rates JSE:HET with a GF Score™ of 69/100 and a GF Value™ of R23.54 (Fairly Valued). The stock has 13 warning signs investors should review. Among 937 REITs companies, Heriot REIT ranks better than 68.62% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Heriot REIT's Free Cash Flow for the
six
months ended in Dec. 2025 was R498 Mil. Heriot REIT's Revenue for the
six
months ended in Dec. 2025 was R634 Mil. Therefore, Heriot REIT's FCF Margin % for the quarter that ended in Dec. 2025 was 78.50%.
The historical rank and industry rank for Heriot REIT's FCF Margin % or its related term are showing as below:
JSE:HET'
s FCF Margin % Range Over the Past 10 Years
Min: 34.44 Med: 53.83 Max: 62.84
Current: 58.24
During the past 8 years, the highest FCF Margin % of Heriot REIT was 62.84%. The lowest was 34.44%. And the median was 53.83%.
JSE:HET's FCF Margin % is ranked better than 68.62% of 937
companies
in the REITs industry
Industry Median: 38.91
vs JSE:HET: 58.24
Heriot REIT FCF Margin % Related Terms
Heriot REIT FCF Margin % Historical Data
* Premium members only.
The historical data trend for Heriot REIT's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Diversified subindustry, Heriot REIT's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Heriot REIT FCF Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Heriot REIT's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Heriot REIT's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Heriot REIT (JSE:HET) has a FCF Margin % of 78.50% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Heriot REIT and its competitors. This is 46% above median its historical median of 53.83. Over the past decade, Heriot REIT's FCF Margin % has ranged from 34.44 to 62.84. According to the industry distribution chart, Heriot REIT ranks #294 out of 937 companies in the REITs industry, placing it in the top 31.4%.
Is Heriot REIT's FCF Margin % too high?
Heriot REIT's current FCF Margin % of 78.50% is 46% above median its 10-year median of 53.83. Over the past 10 years, this metric has ranged from a low of 34.44 to a high of 62.84. The REITs industry median FCF Margin % is 38.91. Heriot REIT's value of 78.50% is 101.7% above this industry median. Based on the distribution chart, Heriot REIT ranks #294 out of 937 companies in the REITs industry, which is above the industry midpoint. Overall, Heriot REIT has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heriot REIT's FCF Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Heriot REIT ranks #294 out of 937 companies for FCF Margin %. This puts Heriot REIT in the upper half of its industry. The industry median FCF Margin % is 38.91. Heriot REIT's value of 78.50% is 101.7% above this benchmark. Historically, Heriot REIT's own FCF Margin % has ranged from 34.44 to 62.84 over the past decade. While the company's 10-year median is 53.83 vs. the industry median of 38.91, Heriot REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a REITs company?
The median FCF Margin % among REITs companies is 38.91, based on 937 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heriot REIT's current FCF Margin % of 78.50% is 101.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Heriot REIT and its competitors. For the REITs industry, the median FCF Margin % is 38.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heriot REIT's current FCF Margin % is 78.50%, which is 46% above median its own 10-year median of 53.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heriot REIT stock overvalued right now?
Based on GuruFocus' analysis, Heriot REIT (JSE:HET) is currently considered Fairly Valued. The stock's GF Value™ is R23.54, compared to a current price of R26.00 — trading 10.5% above its estimated fair value. The current FCF Margin % is 78.50%, which is 46% above median its 10-year median of 53.83 and 101.7% above the REITs industry median of 38.91. Heriot REIT's overall GF Score™ is 69/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Heriot REIT (JSE:HET), the current FCF Margin % is 78.50% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Heriot REIT (JSE:HET) Overvalued in 2026?
Based on GuruFocus' analysis, Heriot REIT stock appears to be overvalued.
The current stock price of R26.00 is trading 10.5% above its estimated GF Value™ of R23.54.
GuruFocus considers Heriot REIT to be Fairly Valued.
Key valuation signals for JSE:HET:
FCF Margin %: 78.50% (46% above median its 10-year median of 53.83)
GF Value™: R23.54 vs. price of R26.00 (10.5% above fair value)
Industry Position: 101.7% above the REITs median (#294 of 937)
No single metric tells the full story. See the JSE:HET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heriot REIT Ltd is a South African real estate investment trust. The company's primary segments include retail, industrial, office, specialized, residential, and others. While the majority of the revenue is earned from the Retail segment. The primary objective of the company is to develop or acquire yield-enhancing assets within Southern Africa to create a stable and diverse portfolio for the purposes of generating capital growth and securing escalating net rental income streams. Geographically, the company operates in Gauteng, Western Cape, KwaZulu-Natal, North West, Mpumalanga, Limpopo, Free State, and Namibia.
69GF Score
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