Hyprop raises dividend 9.9% as it explores further opportunities in Eastern Europe

HYPROP, the South African retail-focused real estate investment trust (REIT), has announced a sturdy 9.9% increase in its dividend, buoyed by robust earnings growth from its portfolios in South Africa and Eastern Europe.

- EDWARD WEST

The dividend of 307.7 cents per share, announced for the financial year ending June 30, 2025, comes on the back of an impressive recovery that saw distributable income per share (DIPS) rise to 378.8 cents, exceeding initial guidance of a mere -1% to 2% growth.

CEO Morné Wilken expressed satisfaction with the financial performance during a recent telephone interview: “We were on track and in line with expectations. We are starting to see the benefits of the last few years of repositioning and improvements in our portfolio starting to bear fruit”

Notable shopping centres within their South African portfolio include the iconic Rosebank Mall, Table Bay Mall, Canal Walk, and Somerset Mall, each contributing to the company’s strong financial outcome.