Rosebank Mall. Picture: SUPPLIED
Rosebank Mall. Picture: SUPPLIED

Hyprop Investments, which owns malls such as Rosebank Mall, Hyde Park Corner and Canal Walk, says distributable income will fall about a third in its year to end-June.

Distributable income per share will decline between 31% and 36% from the prior period’s 745c, the group said, adding it was within debt covenants as of its year end.

Hyprop said its board was still considering a distribution to shareholders and would advise them in due course.

gernetzkyk@businesslive.co.za

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.