Hyprop Investments Management

Management criteria checks 3/4

Hyprop Investments' CEO is Morné Wilken, appointed in Dec 2018, has a tenure of 5.33 years. total yearly compensation is ZAR11.55M, comprised of 43.6% salary and 56.4% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth ZAR17.60M. The average tenure of the management team and the board of directors is 5.4 years and 4.9 years respectively.

Key information

Morné Wilken

Chief executive officer

R11.5m

Total compensation

CEO salary percentage	43.6%
CEO tenure	5.3yrs
CEO ownership	0.2%
Management average tenure	5.4yrs
Board average tenure	4.9yrs

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
Dec 31 2023	n/a	n/a	R987m
Sep 30 2023	n/a	n/a	R1b
Jun 30 2023	R12m	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 ($USD601.03K) is below average for companies of similar size in the ZA market ($USD944.03K).

Compensation vs Earnings: Morné's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Morné Wilken (52 yo)

5.3yrs

Tenure

R11,549,000

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	5.3yrs	R11.55m	0.17% ZAR 17.6m
Brett Till	CFO, Financial Director & Executive Director	5.5yrs	R6.86m	0.085% ZAR 8.9m
Abraham Nauta	Chief Investment Officer & Executive Director	5.8yrs	R6.12m	0.079% ZAR 8.2m
Mark de Klerk	National Technical Manager	no data	no data	no data
Desirée Nafte	Legal Executive	7.5yrs	no data	no data
Igsaan Hendricks	Head of Human Resources	3.6yrs	no data	no data
Fundiswa Nkosi	Company Secretary	2.2yrs	no data	no data
Vasti Booysen	Financial Manager	no data	no data	no data

5.4yrs

Average Tenure

54yo

Average Age

Experienced Management: HYP's management team is seasoned and experienced (5.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Morné Wilken	CEO & Director	5.3yrs	R11.55m	0.17% ZAR 17.6m
Brett Till	CFO, Financial Director & Executive Director	5.5yrs	R6.86m	0.085% ZAR 8.9m
Abraham Nauta	Chief Investment Officer & Executive Director	5.8yrs	R6.12m	0.079% ZAR 8.2m
Thabo Mokgatlha	Independent Non-Executive Director	10.7yrs	R693.00k	no data
Richard J. Inskip	Independent Non Executive Director	1.8yrs	R544.00k	no data
Loyiso Dotwana	Independent Non-Executive Director	2.3yrs	R533.00k	no data
Kevin Ellerine	Non-Executive Director	14.6yrs	R533.00k	0.79% ZAR 82.4m
Spiros Noussis	Independent Non-Executive Chairman	3.8yrs	R1.13m	no data
Annabel Dallamore	Independent Non-Executive Director	4.5yrs	R628.00k	no data
Zuleka Jasper	Independent Non Executive Director	5.8yrs	R568.00k	no data
Bernadette Mzobe	Independent Non-Executive Director	2.3yrs	R620.00k	no data
Moegamat Reeza	Independent Non-Executive Director	no data	no data	no data

4.9yrs

Average Tenure

52yo

Average Age

Experienced Board: HYP's board of directors are considered experienced (4.9 years average tenure).

Hyprop Investments Management

Management criteria checks 3/4

Key information

Recent management updates

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.

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

Hyprop Investments Limited Announces Board and Committees Changes

Recent updates

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

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age