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	4/6
Financial Health	0/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (4.8x) is below the ZA market (8.6x)

Revenue is forecast to grow 4.95% per year

Earnings grew by 180.3% 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

Hyprop Investments Limited Competitors

Resilient REIT

JSE:RES

R19.8b

Vukile Property Fund

JSE:VKE

R22.6b

Exemplar REITail

JSE:EXP

R4.4b

Dipula Properties

JSE:DIB

R4.7b

Price History & Performance

Summary of share price highs, lows and changes for Hyprop Investments
Historical stock prices
Current Share Price	R41.67
52 Week High	R48.39
52 Week Low	R27.26
Beta	0.44
1 Month Change	-1.86%
3 Month Change	-5.92%
1 Year Change	47.77%
3 Year Change	15.11%
5 Year Change	119.32%
Change since IPO	-50.27%

Recent updates

Shareholder Returns

	HYP	ZA Retail REITs	ZA Market
7D	2.3%	0.6%	1.1%
1Y	47.8%	32.3%	20.9%

Return vs Industry: HYP exceeded the ZA Retail REITs industry which returned 32.3% over the past year.

Return vs Market: HYP exceeded the ZA Market which returned 20.9% over the past year.

Price Volatility

Is HYP's price volatile compared to industry and market?
HYP volatility
HYP Average Weekly Movement	3.9%
Retail REITs Industry Average Movement	4.0%
Market Average Movement	5.2%
10% most volatile stocks in ZA Market	10.8%
10% least volatile stocks in ZA Market	3.4%

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.

Community vs My Fair Value

Select a narrative for quick price alerts from the community, or create your own.

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	R15.83b
Earnings (TTM)	R3.32b
Revenue (TTM)	R4.68b

4.8x

P/E Ratio

3.4x

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	R4.68b
Cost of Revenue	R1.93b
Gross Profit	R2.75b
Other Expenses	-R575.32m
Earnings	R3.32b

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

Sep 16, 2025

Earnings per share (EPS)	8.75
Gross Margin	58.76%
Net Profit Margin	71.07%
Debt/Equity Ratio	66.1%

How did HYP perform over the long term?

See historical performance and comparison

Dividends

6.7%

Current Dividend Yield

75%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/27 10:41
End of Day Share Price	2025/04/25 00:00
Earnings	2024/12/31
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hyprop Investments Limited is covered by 17 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mahir Hamdulay	Absa Bank Limited
Francois Du Toit	Anchor Stockbrokers Proprietary Limited
Daniel King	Avior Capital Markets

HYP Stock Overview

Rewards

Risk Analysis

Hyprop Investments Limited Competitors

JSE:RES

R19.8b

JSE:VKE

R22.6b

JSE:EXP

R4.4b

JSE:DIB

R4.7b

Price History & Performance

Recent News & Updates

Less than half of directors are independent

Now 21% overvalued

Upcoming dividend of R11.34 per share

First half 2025 earnings released: FFO per share: R2.0 (vs R1.67 in 1H 2024)

Hyprop Investments Limited Declares Interim Dividend for the Six Months Ended 31 December 2024, Payable on 7 April 2025

Hyprop Investments Limited to Report First Half, 2025 Results on Mar 13, 2025

Recent updates

Less than half of directors are independent

Now 21% overvalued

Upcoming dividend of R11.34 per share

First half 2025 earnings released: FFO per share: R2.0 (vs R1.67 in 1H 2024)

Hyprop Investments Limited Declares Interim Dividend for the Six Months Ended 31 December 2024, Payable on 7 April 2025

Hyprop Investments Limited to Report First Half, 2025 Results on Mar 13, 2025

CEO & Director exercised options to buy R3.0m worth of stock.

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).