REITS
Time to buy Hyprop?
A better dividend and capital growth prospects may finally be on the horizon for long-suffering Hyprop shareholders — though Eskom and Europe’s energy crises are big risks
06 October 2022 - 05:00
Former market darling Hyprop Investments appears to have turned the corner after a tumultuous few years of value destruction.
The company’s share price is down nearly 70% over five years. That means R1,000 invested in the share then would be worth about R300 today. It also means the owner of landmark shopping centres such as Rosebank Mall and Hyde Park Corner in Joburg and Canal Walk in Cape Town now trades at a discount of as much as 43% to NAV...
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