HYPROP TOP PERFORMER IN 2005 IPD BENCHMARKING
For the second consecutive year leading listed retail property fund Hyprop Investments has been ranked as the top-performing fund in SA by Investment Property Databank (IPD) Benchmarking. Hyprop’s total return to combined unitholders for 2005 of 61% clearly outperformed the IPD benchmark for SA funds of 28,8%, leading to Hyprop’s further ranking as first in SA funds in total return over one, three and eight years.
CEO Pieter Prinsloo says that the IPD rankings affirm Hyprop’s ability to set new benchmarks in the industry, as evidenced by its record results for the 2005 year that saw the group grow its portfolio by R1,4 billion and return 16,6% growth in distributions to unitholders.
He attributes Hyprop’s leading position to a thriving economy driving strong performances from its retail properties.