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Mission
Q
The partner of choice for tenants,
shoppers, employees and investors
Q
Provide a trustworthy, transparent and
sustainable investment
Q
Promote social and environmental
sustainability
Q
A world-class REIT that adheres to
global best practice
Vision
Hyprop’s goal is to preserve its status as
the leading specialist shopping centre
REIT in sub-Saharan Africa,
offering
shareholders access to income and
capital growth
through a specialist
portfolio of premium shopping centres
in a transparent, sustainable investment
vehicle.
Outputs
Outcomes
− Capital investment growth
− Regular and progressive distribution growth
− Low and responsible loan to value
− Disposal of non-core assets
− Like-for-like increase in NAV of 13,4%
− Low loan to value of 22,9%
− Proceeds from disposals used to reduce debt
− Provide a trustworthy and transparent investment
− Rising property values
− Strong contractual rental escalations
− Extracting synergies, eg national service contracts
− Well-contained cost structure
− Geographic diversification in high-growth countries
− Sustainable income growth
− Improved cost-to-income ratio of 33,6%
− Occupancy rate improved to 98,0%
− Arrears constitute 0,6% of rent roll
− Distributions for the year up 15%
− Expansion into sub-Saharan Africa, with R5 billion previously approved for investment
− Integrated electronic property management
system
− Internal functions such as human resources driven
by technology
− Dedicated national legal executive
− Reliable controls and processes supporting transparent disclosure
− Strong compliance with regulatory requirements
− Strong leases
− Sound investments providing long-term superior
investment returns
− Implemented share incentive scheme
− Training targets exceeded during the year
− Well-managed portfolio of properties generating
growing income
− Continuity and synergy
− Implemented share incentive scheme to retain low turnover of executive management
and to align company vision and strategy
− Develop staff productivity and retain low staff turnover
− Sustainable social responsibility through education,
training and enterprise development
− Addressing skills shortage
− Reliable succession plan
− Opportunity to give back to stakeholders
− Improved reputation
− Environmentally efficient properties
− Second year of participating in Global Real Estate
Sustainability Benchmark (GRESB)
− Institute of Directors (IoD) governance assessment
− Reduced environmental footprint
− A number of projects aimed at improving energy efficiency were completed during the
year. To date, these have saved 14,2 million kWh with cost savings of R15,9 million
− AAA rating in IoD governance instrument
27
Hyprop Investments Limited
Integrated Report 2015