Heriot REIT Limited reported unaudited consolidated earnings results for the six months ended December 31, 2018. For the period, the company reported rental income of ZAR 225,836,000 compared to ZAR 199,092,000 a year ago. Net property income was ZAR 168,857,000 compared to ZAR 158,272,000 a year ago. Profit from operations was ZAR 153,319,000 compared to ZAR 152,278,000 a year ago. Net profit after taxation was ZAR 115,214,000 or 44.70 cents per basic and diluted share compared to ZAR 241,310,000 or 92.04 cents per basic and diluted share a year ago.

The board remains confident that the company will deliver growth of 9% to 11% in distributable income per share for the year ending June 30, 2019.