The report details Heriot's operational performance for the year ended 30 June 2023, highlighting a net property operating income (NOI) growth of 13.8% and distributable earnings growth of 4.2%, despite a challenging operating environment. The report highlights the acquisition of a strategic stake in Safari Investments RSA Limited (Safari), further increasing the diversification of Heriot's property portfolio. The report also details Heriot's commitment to sustainability, particularly through the installation of solar plants across five major retail centres and the implementation of eight groundwater harvesting plants. The report emphasizes Heriot's commitment to ethical corporate governance and outlines the company's approach to value creation and preservation for all stakeholders.
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Heriot REIT Limited 2023 Integrated Report
Issuing Company Heriot REIT Limited
Report Type Integrated Report
Report Language EN
Report Filesize 12 MB
No. of Pages 76 pages
Reporting periodJanuary 1, 2022-June 30, 2023
Report EditionUnknown
Assurance Provider BDO South Africa Incorporated
Reporting Standards GRI; SASB; UNSDGs; others
Materiality Assessmenttrue