Profile
Hyprop is one of Africa’s leading
listed property funds, and specialises
in high-quality shopping centres. It
is also one of South Africa’s oldest
listed property companies (1988) and
operates as an internally managed
Real Estate Investment Trust, based
in Rosebank, Johannesburg.
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Largest JSE-listed Real
Estate Investment
Trust (REIT) specialising
in shopping centres |
|
Income distributed
semi-annually |
|
Sustainable income
growth through
contractual rental
escalations |
|
Focus on continuous
portfolio
improvements |
Hyprop is listed on the JSE’s retail REIT sector and directly owns 12 prime
shopping centres in major metropolitan areas across South Africa.
* See page 18 for ownership details
The group’s growing presence in sub-Saharan Africa is held through Atterbury
Africa, a joint venture with Attacq Limited (Attacq) and the Atterbury Group.
Hyprop and Attacq also acquired African Land Investments Limited (African
Land) during the year. Post-year-end, African Land was restructured (effective 1 July 2014). Through Hyprop Investments (Mauritius), Hyprop will hold 50% in
Manda Hill Shopping Centre, African Land’s only asset. Atterbury Africa Limited
(Atterbury Africa) will hold the balance.
| Shopping centres
distinguished by: |
|
Quality, size and
location |
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Flagship national and
international stores |
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Preferred shopping
destinations |
Excellent track record
| |
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Focus on
sustainable income
growth |
|
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Specialised and
experienced internal
management |
 |
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Sound
balance sheet |
|
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Invest in high-quality
shopping centres
in sub-Saharan Africa |
| A decade of growth — compound annual growth rate
(2005 — 2014) |
|
|
|
| Distributions (cents per unit) |
|
11,7% |
|
| Net asset value per unit (excluding deferred tax) |
|
20,4% |
|
| Unit price |
|
18,4% |
|
| Total returng |
|
32,1% |
|
Quality and focused growth
Property assets (R billion)
|
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