Hyprop reports strong performance and strategic investments for growth

JSE-LISTED specialist retail fund Hyprop reported a strong performance for the five months ended May 31, 2025 and is well positioned to make new investments.

- EDWARD WEST

There had been a “sturdy performance” from the properties in South Africa and Eastern Europe for the five months to May 31, 2025, which “reflects the dominance and resilience of our portfolio despite geopolitical challenges,’ CEO Morné Wilken said in a pre-close update.

“We continue to look for organic and new growth opportunities... Hyprop is confident of delivering strong growth in the coming year" he said. This would be driven by improved performance by the portfolio, solar and energy project benefits, lower interest costs and benefits of deploying capital.

Hyprop recently offered to buy control of MAS to expand in East Europe, for which R808m was raised via a bookbuild. Hyprop held R1.2 billion in cash and R2.2bn in available bank facilities, after the capital raise. LTV fell to 34.2% from 36.3% at 31 December 2024.

Wilken said the MAS transaction could be a game changer for Hyprop and provide it with access to new countries in the region, namely Romania and Poland. Shareholder approval is still required for the transaction.