Hyprop reappearing on investor radars
The former market darling is finally back on buy lists
29 February 2024 - 10:00
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. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.