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Heriot REITJSE:HET 69 ROA % is 8.14% as of Dec. 2025, which is 27% above its 10-year median of 6.43. 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 939 REITs companies, Heriot REIT ranks better than 84.13% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Heriot REIT's annualizedNet Income for the quarter that ended in Dec. 2025 was R1,116 Mil.
Heriot REIT's average Total Assets over the quarter that ended in Dec. 2025 was R13,715 Mil. Therefore, Heriot REIT's annualized ROA % for the quarter that ended in Dec. 2025 was 8.14%.
The historical rank and industry rank for Heriot REIT's ROA % or its related term are showing as below:
JSE:HET'
s ROA % Range Over the Past 10 Years
Min: 1.73 Med: 6.43 Max: 12.69
Current: 9.7
During the past 8 years, Heriot REIT's highest ROA % was 12.69%. The lowest was 1.73%. And the median was 6.43%.
JSE:HET's ROA % is ranked better than 84.13% of 939
companies
in the REITs industry
Industry Median: 3.21
vs JSE:HET: 9.70
Heriot REIT (JSE:HET) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Heriot REIT ROA % Related Terms
Heriot REIT ROA % Historical Data
* Premium members only.
The historical data trend for Heriot REIT's ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Heriot REIT's ROA % distribution charts can be found below:
* The bar in red indicates where Heriot REIT's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Heriot REIT (JSE:HET) has a ROA % of 8.14% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Heriot REIT and its competitors. This is 27% above median its historical median of 6.43. Over the past decade, Heriot REIT's ROA % has ranged from 1.73 to 12.69. According to the industry distribution chart, Heriot REIT ranks #149 out of 939 companies in the REITs industry, placing it in the top 15.9%.
Is Heriot REIT's ROA % too high?
Heriot REIT's current ROA % of 8.14% is 27% above median its 10-year median of 6.43. Over the past 10 years, this metric has ranged from a low of 1.73 to a high of 12.69. The REITs industry median ROA % is 3.21. Heriot REIT's value of 8.14% is 153.6% above this industry median. Based on the distribution chart, Heriot REIT ranks #149 out of 939 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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 ROA % compare to VICI and WPC?
According to the REITs industry distribution chart, Heriot REIT ranks #149 out of 939 companies for ROA %. This places Heriot REIT in the top 16% of its industry — outperforming the majority of peers. The industry median ROA % is 3.21. Heriot REIT's value of 8.14% is 153.6% above this benchmark. Historically, Heriot REIT's own ROA % has ranged from 1.73 to 12.69 over the past decade. While the company's 10-year median is 6.43 vs. the industry median of 3.21, 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.21, based on 939 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heriot REIT's current ROA % of 8.14% is 153.6% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Heriot REIT and its competitors. For the REITs industry, the median ROA % is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heriot REIT's current ROA % is 8.14%, which is 27% above median its own 10-year median of 6.43. 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 ROA % is 8.14%, which is 27% above median its 10-year median of 6.43 and 153.6% above the REITs industry median of 3.21. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Heriot REIT (JSE:HET), the current ROA % is 8.14% 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:
ROA %: 8.14% (27% above median its 10-year median of 6.43)
GF Value™: R23.54 vs. price of R26.00 (10.5% above fair value)
Industry Position: 153.6% above the REITs median (#149 of 939)
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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