Hyprop Investments (JSE:HYP) - Stock Price, News & Analysis

HYP Stock Overview

Hyprop is a retail-focused REIT that creates spaces and connects people. More details

HYP fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	3/6
Financial Health	0/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (6.5x) is below the ZA market (10.1x)

Revenue is forecast to grow 5.44% per year

Earnings grew by 43.6% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Unstable dividend track record

Shareholders have been diluted in the past year

Hyprop Investments Limited Competitors

Vukile Property Fund

JSE:VKE

R19.6b

Resilient REIT

JSE:RES

R19.2b

Exemplar REITail

JSE:EXP

R3.8b

Dipula Income Fund

JSE:DIB

R4.8b

Price History & Performance

Summary of all time highs, changes and price drops for Hyprop Investments
Historical stock prices
Current Share Price	R42.20
52 Week High	R46.59
52 Week Low	R25.27
Beta	0.98
11 Month Change	0.12%
3 Month Change	16.70%
1 Year Change	63.38%
33 Year Change	28.42%
5 Year Change	-26.65%
Change since IPO	-49.64%

Recent updates

Shareholder Returns

	HYP	ZA Retail REITs	ZA Market
7D	3.0%	2.6%	1.7%
1Y	63.4%	34.4%	15.6%

Return vs Industry: HYP exceeded the ZA Retail REITs industry which returned 34.3% over the past year.

Return vs Market: HYP exceeded the ZA Market which returned 15.2% over the past year.

Price Volatility

Is HYP's price volatile compared to industry and market?
HYP volatility
HYP Average Weekly Movement	3.5%
Retail REITs Industry Average Movement	3.5%
Market Average Movement	4.5%
10% most volatile stocks in ZA Market	9.5%
10% least volatile stocks in ZA Market	2.6%

Stable Share Price: HYP has not had significant price volatility in the past 3 months compared to the ZA market.

Volatility Over Time: HYP's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	n/a	Morné Wilken	www.hyprop.co.za

Hyprop is a retail-focused REIT that creates spaces and connects people. We do this by owning and managing retail centres in mixed-use precincts in key economic nodes within South Africa and Eastern Europe. Our multi-skilled, diverse team of experts, sustainable business model, meaningful social impact and robust governance framework ensures we create long-term value for all our stakeholders.

Hyprop Investments Limited Fundamentals Summary

How do Hyprop Investments's earnings and revenue compare to its market cap?
HYP fundamental statistics
Market cap	R16.01b
Earnings (TTM)	R2.47b
Revenue (TTM)	R4.48b

6.5x

P/E Ratio

3.6x

P/S Ratio

Is HYP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HYP income statement (TTM)
Revenue	R4.48b
Cost of Revenue	R1.92b
Gross Profit	R2.56b
Other Expenses	R95.62m
Earnings	R2.47b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	6.51
Gross Margin	57.19%
Net Profit Margin	55.06%
Debt/Equity Ratio	63.4%

How did HYP perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

85%

Payout Ratio

HYP Stock Overview

Rewards

Risk Analysis

Hyprop Investments Limited Competitors

JSE:VKE

R19.6b

JSE:RES

R19.2b

JSE:EXP

R3.8b

JSE:DIB

R4.8b

Price History & Performance

Recent News & Updates

Hyprop Investments Limited, Annual General Meeting, Nov 28, 2024

Price target increased by 17% to R41.00

Upcoming dividend of R2.80 per share

Lango Real Estate Limited completed the acquisition of AttAfrica Limited from Hyprop Investments Limited (JSE:HYP) and Attacq Limited (JSE:ATT).

New minor risk - Earnings quality

Full year 2024 earnings released: EPS: R6.64 (vs R4.32 in FY 2023)

Recent updates

Hyprop Investments Limited, Annual General Meeting, Nov 28, 2024

Price target increased by 17% to R41.00

Upcoming dividend of R2.80 per share

Lango Real Estate Limited completed the acquisition of AttAfrica Limited from Hyprop Investments Limited (JSE:HYP) and Attacq Limited (JSE:ATT).

New minor risk - Earnings quality

Full year 2024 earnings released: EPS: R6.64 (vs R4.32 in FY 2023)

Hyprop Investments Limited Announces Changes to the Composition of the Social and Ethics Committee

Hyprop Investments Limited Expects Its Dividend Per Share for Fiscal Year 2024

Now 21% overvalued after recent price rise

Lango Real Estate Limited entered into an agreement to acquire AttAfrica Limited from Hyprop Investments Limited (JSE:HYP) and Attacq Limited (JSE:ATT) for $27.3 million.

Now 29% overvalued after recent price rise

Allan Gray Proprietary Ltd. acquired an unknown minority stake in Hyprop Investments Limited (JSE:HYP).

Now 23% overvalued after recent price rise

Now 21% overvalued

Hyprop Investments Limited Appoints Moegamat Reeza Isaacs as Independent Non-Executive Director and Member of the Audit and Risk Committee, Effective April 2, 2024

New minor risk - Profit margin trend

First half 2024 earnings released: FFO per share: R1.7 (vs R1.86 in 1H 2023)

Now 21% overvalued after recent price rise

An unknown buyers acquired an unknown minority stake in Hyprop Investments Limited (JSE:HYP).

Hyprop Investments Limited to Report Fiscal Year 2024 Results on Sep 16, 2024

CEO & Director exercised options to buy R425k worth of stock.

Board Member exercised options to buy R77k worth of stock.

Board Member exercised options to buy R84k worth of stock.

Hyprop Investments Limited, Annual General Meeting, Nov 29, 2023

Upcoming dividend of R2.99 per share at 11% yield

Hyprop Investments Limited (JSE:HYP) signed an agreement to acquire Table Bay Mall from Table Bay Mall Property Trust for ZAR1.6 billion.

Hyprop Investments Limited Declares Dividend for the Year 2023

Full year 2023 earnings released: EPS: R4.32 (vs R4.07 in FY 2022)

Hyprop Investments Limited to Report Fiscal Year 2023 Results on Sep 21, 2023

Price target increased by 11% to R38.19

Eskom Pension and Provident Fund acquired an unknown additional stake in Hyprop Investments Limited (JSE:HYP).

Hyprop Investments Limited Announces Board and Committees Changes

CEO & Director exercised options to buy R212k worth of stock.

Price target increased to R37.04

Sesfikile Capital Proprietary Limited on behalf of a client acquired an unknown minority stake in Hyprop Investments Limited (JSE:HYP).

Hyprop Investments Limited, Annual General Meeting, Nov 25, 2022

Hyprop Investments Limited, Annual General Meeting, Nov 25, 2022

Upcoming dividend of R2.94 per share

Price target increased to R37.09

Hyprop Investments Limited to Report Fiscal Year 2022 Results on Sep 29, 2022

Full year 2022 earnings released

Price target increased to R33.85

Hyprop Investments Limited Announces Executive Changes

Allan Gray Proprietary Limited on behalf of client acquired an unknown stake in Hyprop Investments Limited (JSE : HYP).

Hyprop Investments Limited to Report First Half, 2022 Results on Mar 17, 2022

Price target increased to R35.57

Inaugural dividend of R3.37 per share

Price target increased to R32.70

Price target increased to R30.03

Twin City Trading 2 Proprietary Limited completed the acquisition of a 33.3% stake in Atterbury Value Mart from Hyprop Investments Limited (JSE:HYP).

Price target increased to R29.60

Atterbury Mile Proprietary Limited signed a sale agreement to acquire a 33.33% stake in Atterbury Value Mart from Hyprop Investments Limited (JSE:HYP).

Primegrowth Retail Property Proprietary Limited signed a sale agreement to acquire a 33.33% stake in Atterbury Value Mart from Hyprop Investments Limited (JSE:HYP).

New 90-day high: R31.52

Truffle Asset Management Proprietary Limited on behalf of clients acquired an unknown stake in Hyprop Investments Limited (JSE:HYP).

New 90-day high: R24.00

New 90-day high: R22.99

Fairtree Asset Management Proprietary Limited on behalf of its clients acquired 5.5% stake in Hyprop Investments Limited (JSE:HYP).

Hyprop in Talks to Sell Rosebank Mall