Hyprop (HYP) FY23 – Results Snapshot

Distribution per share increased from 293.64c to 299.30c.
Distributable income grew 24%.
DIPS increased from 342.5c to 405.2c.
Consolidated LTV ratio reduced from 36.4% to 36.3%.
Reduction of 36m in Euro debt, and refinancing of R5bn in 2023, with R2bn post year end.
Cash on balance sheet decreased to R1.048bn.
Retail vacancies in SA down from 2.4% to 1.2%.
Retail vacancies rate in EE down from 0.7% to 0.4%.
NAV per Share increased from R60.88 to R63.39.
Tenant turnover in SA and EE increased 12.8% and 15.9%, respectively.
DRIP available on current distribution.