{"id":10529,"date":"2026-04-10T16:49:35","date_gmt":"2026-04-10T14:49:35","guid":{"rendered":"https:\/\/sareit.co.za\/?p=9105"},"modified":"2026-04-10T16:49:35","modified_gmt":"2026-04-10T14:49:35","slug":"the-reit-report-episode-3-from-reset-to-growth","status":"publish","type":"post","link":"https:\/\/muddev.co.za\/sareit\/the-reit-report-episode-3-from-reset-to-growth\/","title":{"rendered":"The REIT Report Episode 3: From Reset to Growth"},"content":{"rendered":"<p><strong data-olk-copy-source=\"MessageBody\">The REIT Report Episode 3: From Reset to Growth &#8211; The SA REIT Recovery Story<\/strong><\/p>\n<p>In the third episode of The REIT Report on Classic Business (Fine Music Radio), Grant Elliott, Chief Operating Officer (Coastal Regions) at Heriot, joins hosts Michael Avery and Alistair Anderson of Property Flash to examine how South African REITs have moved from a period of post-COVID rebuilding into a genuine growth phase.<\/p>\n<p>The discussion traces the sector&#8217;s full arc, from the explosive growth of the early 2000s through the governance and leverage challenges of the mid-2010s, to the reset forced by the pandemic. Elliott explains how management teams responded by cleaning up portfolios, selling weaker assets, strengthening balance sheets and reducing loan-to-value ratios, while South African consumers and tenants bounced back faster than many global peers.<\/p>\n<p>The conversation also covers Heriot&#8217;s integration of Safari Investments, which was delisted from the JSE in December 2025 and is now a wholly-owned subsidiary, as well as a development pipeline spanning five new retail projects in Atteridgeville, Phuthaditjhaba, Mamelodi, Lynnwood and Soshanguve. Elliott shares Heriot&#8217;s updated guidance of 17% full-year distributable income growth and discusses the outlook for interest rates and the impact of geopolitical uncertainty on property cash flows.<\/p>\n<p>The REIT Report is a twelve-part podcast series produced in partnership with the SA REIT Association and Property Flash.<\/p>\n<p>Listen to Episode 3:\u00a0<a title=\"https:\/\/iono.fm\/e\/1664078\" href=\"https:\/\/iono.fm\/e\/1664078\" data-auth=\"NotApplicable\" data-linkindex=\"2\">https:\/\/iono.fm\/e\/1664078<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The REIT Report Episode 3: From Reset to Growth &#8211; The SA REIT Recovery Story In the third episode of The REIT Report on Classic Business (Fine Music Radio), Grant Elliott, Chief Operating Officer (Coastal Regions) at Heriot, joins hosts Michael Avery and Alistair Anderson of Property Flash to examine how South African REITs have [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":10538,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[9],"tags":[293,294,283,35,295],"class_list":["post-10529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-members-news","tag-classic-business-fmr","tag-heriot-reit-limited","tag-property-flash","tag-sa-reit-association","tag-sa-reit-podcast-series"],"featured_image_src":{"landsacpe":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2026\/04\/Grant-Elliot-COO-Heriot-REIT-WEB-scaled-1-1140x445.jpeg",1140,445,true],"list":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2026\/04\/Grant-Elliot-COO-Heriot-REIT-WEB-scaled-1-463x348.jpeg",463,348,true],"medium":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2026\/04\/Grant-Elliot-COO-Heriot-REIT-WEB-scaled-1-300x269.jpeg",300,269,true],"full":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2026\/04\/Grant-Elliot-COO-Heriot-REIT-WEB-scaled-1.jpeg",2560,2299,false]},"_links":{"self":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/posts\/10529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/comments?post=10529"}],"version-history":[{"count":0,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/posts\/10529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/media\/10538"}],"wp:attachment":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/media?parent=10529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/categories?post=10529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/tags?post=10529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}