Heriot REIT (JSE:HET) Total Operating Expense: R-371 Mil (TTM As of Dec. 2025)

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JSE:HET Heriot REIT Ltd JSE:HET
69 GF Score
Price R26.00
GF Value R23.54
Valuation Fairly Valued
! 13 Warning Signs
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What is Heriot REIT Total Operating Expense?

Heriot REIT JSE:HET 69 Total Operating Expense is R-371 Mil as of Dec. 2025. 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.

Heriot REIT's Total Operating Expense for the six months ended in Dec. 2025 was R-164 Mil. Heriot REIT's Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was R-371 Mil.

Heriot REIT Total Operating Expense Related Terms

Heriot REIT Total Operating Expense Historical Data

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The historical data trend for Heriot REIT's Total Operating Expense 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.

Heriot REIT Total Operating Expense Chart

Heriot REIT Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Total Operating Expense
Get a 7-Day Free Trial -64.80 -77.64 -94.38 -283.34 -376.10

Heriot REIT Semi-Annual Data
Nov17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -89.88 -193.46 -169.52 -206.57 -164.17
JSE:HET
69GF Score
Heriot REIT Ltd JSE:HET
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Heriot REIT Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-371 Mil.

* 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.

What does a Total Operating Expense of R-371 Mil mean?
Heriot REIT (JSE:HET) has a Total Operating Expense of R-371 Mil as of Dec. 2025. Total operating expense is the primary recurring expense associated with central operations. View historical data on Heriot REIT and its competitors.
Is Heriot REIT's Total Operating Expense too high?
Heriot REIT's current Total Operating Expense is R-371 Mil. 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 Total Operating Expense compare to VICI and WPC?
Heriot REIT's Total Operating Expense of R-371 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a REITs company?
A good Total Operating Expense depends on the REITs industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Heriot REIT and its competitors. Heriot REIT's current Total Operating Expense is R-371 Mil. 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 Total Operating Expense is R-371 Mil. 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 Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Heriot REIT (JSE:HET), the current Total Operating Expense is R-371 Mil 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:

  • Total Operating Expense: R-371 Mil
  • GF Value™: R23.54 vs. price of R26.00 (10.5% above fair value)
  • GF Score™: 69/100 with 13 warning signs

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 Business Description

Industry Real EstateREITs
Address 3 Melrose Boulevard, Suite 1, Ground Floor, Melrose Arch, Johannesburg, GT, ZAF, 2196
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

Get the complete analysis for JSE:HET

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R26.00
Price
R23.54
GF Value