Hyprop Investments Management

Management criteria checks 4/4

Hyprop Investments' CEO is Morné Wilken, appointed in Dec 2018, has a tenure of 5.92 years. total yearly compensation is ZAR9.63M, comprised of 54.8% salary and 45.2% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth ZAR28.13M. The average tenure of the management team and the board of directors is 6 years and 5.5 years respectively.

Key information

Morné Wilken

Chief executive officer

R9.6m

Total compensation

CEO salary percentage	54.8%
CEO tenure	5.9yrs
CEO ownership	0.2%
Management average tenure	6yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Morné Wilken's remuneration changed compared to Hyprop Investments's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	R10m	R5m	R2b
Mar 31 2024	n/a	n/a	R2b
Dec 31 2023	n/a	n/a	R987m
Sep 30 2023	n/a	n/a	R1b
Jun 30 2023	R10m	R5m	R2b
Mar 31 2023	n/a	n/a	R1b
Dec 31 2022	n/a	n/a	R1b
Sep 30 2022	n/a	n/a	R1b
Jun 30 2022	R9m	R5m	R1b
Mar 31 2022	n/a	n/a	R755m
Dec 31 2021	n/a	n/a	R164m
Sep 30 2021	n/a	n/a	-R324m
Jun 30 2021	R5m	R4m	-R812m
Mar 31 2021	n/a	n/a	-R2b
Dec 31 2020	n/a	n/a	-R3b
Sep 30 2020	n/a	n/a	-R3b
Jun 30 2020	R5m	R5m	-R3b
Mar 31 2020	n/a	n/a	-R2b
Dec 31 2019	n/a	n/a	-R296m
Sep 30 2019	n/a	n/a	-R66m
Jun 30 2019	R5m	R2m	R165m

Compensation vs Market: Morné's total compensation ($USD531.72K) is below average for companies of similar size in the ZA market ($USD1.09M).

Compensation vs Earnings: Morné's compensation has been consistent with company performance over the past year.

CEO

Morné Wilken (53 yo)

5.9yrs

Tenure

R9,632,000

Compensation

Mr. Morné C. Wilken, B.Eng (Hons) Industrial, has been the Chief Executive Officer and Executive Director of Hyprop Investments Limited since December 27, 2018. Mr. Wilken was Chief Executive Officer of MA...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Morné Wilken	CEO & Director	5.9yrs	R9.63m	0.18% ZAR 28.1m
Brett Till	CFO, Financial Director & Executive Director	6.1yrs	R5.96m	0.089% ZAR 14.2m
Abraham Nauta	Chief Investment Officer & Executive Director	6.3yrs	R5.30m	0.081% ZAR 13.0m
Mark de Klerk	National Technical Manager	no data	no data	no data
Desirée Nafte	Legal Executive	8.1yrs	no data	no data
Igsaan Hendricks	Head of Human Resources	4.2yrs	no data	no data
Yvette van der Merwe	Chief Operating Officer of Hystead Limited	no data	no data	no data
Fundiswa Nkosi	Company Secretary	2.8yrs	no data	no data
Wayne Abegglen	Regional Executive of Cape Town	no data	no data	no data
Vasti Booysen	Financial Manager	no data	no data	no data
Boitumelo Nkambule	Investor Relations Executive	no data	no data	no data

6.0yrs

Average Tenure

53yo

Average Age

Experienced Management: HYP's management team is seasoned and experienced (6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Morné Wilken	CEO & Director	5.9yrs	R9.63m	0.18% ZAR 28.1m
Brett Till	CFO, Financial Director & Executive Director	6.1yrs	R5.96m	0.089% ZAR 14.2m
Abraham Nauta	Chief Investment Officer & Executive Director	6.3yrs	R5.30m	0.081% ZAR 13.0m
Thabo Mokgatlha	Independent Non-Executive Director	11.3yrs	R728.00k	no data
Richard J. Inskip	Independent Non Executive Director	2.3yrs	R598.00k	no data
Loyiso Dotwana	Independent Non-Executive Director	2.8yrs	R616.00k	no data
Kevin Ellerine	Non-Executive Director	15.2yrs	R533.00k	3.62% ZAR 580.1m
Spiros Noussis	Independent Non-Executive Chairman	4.3yrs	R1.26m	no data
Moegamat Isaacs	Independent Non Executive Director	less than a year	R147.00k	no data
Annabel Dallamore	Independent Non-Executive Director	5.1yrs	R725.00k	no data
Zuleka Jasper	Independent Non Executive Director	6.3yrs	R596.00k	no data
Bernadette Mzobe	Independent Non-Executive Director	2.8yrs	R718.00k	no data

5.5yrs

Average Tenure

53yo

Average Age

Experienced Board: HYP's board of directors are considered experienced (5.5 years average tenure).

Hyprop Investments Management

Management criteria checks 4/4

Key information

Recent management updates

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

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

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

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

Full year earnings released

New 90-day low: R15.56

Hyprop Investments Limited Announces Change to the Board of Directors

Hyprop Investments Limited to Report Fiscal Year 2020 Results on Sep 21, 2020

New 90-day low - R18.05

Price target lowered to R30.78

CEO Compensation Analysis

CEO

Tenure

Compensation