It’s no secret that Hyprop Investments, the owner of prime shopping centres such as Rosebank Mall in Joburg and Canal Walk in Cape Town, has seldom featured on analysts’ stock picks since 2018.  

The company has in recent years been hamstrung by high gearing levels, underperforming retail assets in Ghana and Nigeria, pandemic-induced trading restrictions and rental losses to subsidise its struggling South African tenants, a complicated Eastern European ownership structure, and rapidly rising interest rates.  ..

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