Investors see Hyprop's current price of 60.92 as a buying opportunity with an attractive dividend yield supported by solid underlying assets, though concerns remain about retail sector headwinds from load-shedding and rent collection pressures that need stabilization for a meaningful rerating.
Summarized from 4 posts · updated nightly
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good day to top up honestly. at 60.92 we're back near the lows and retail reits have taken it hard but hyprop's portfolio is solid, the distributions are still coming through. eish, takes patience but these dips are where you build positions in something with real assets backing it.
The yield at 60.92 is starting to look interesting again, especially against what Redefine's paying out these days. Hyprop's been through the wringer with load-shedding hitting foot traffic, but the underlying assets are solid and the balance sheet isn't underwater like some peers. If retail footfall stabilises even modestly over the next year or two, positioned perfectly for a rerating from here.
Dividend yield still lekker relative to bonds right now, but retail space rent collection staying under pressure.
Come on Hyprop, run baby run!
Run baby run!
sorry if this is obvious, but why do reits pay dividends so often compared to normal shares
59.94, finally some momentum hey
@trpine_patient yeah the debt side is the real story here. yield's almost secondary if they can't service it properly.
@momentumtracker_jse yield's not compelling at these levels, ja
@momentumtracker_jse yield's stretched thin at these levels yeah
Balance sheet's fine but the yield story's broken, and that's the whole point of owning a retail REIT. Divvy cuts twice in two years and you're sitting at 4.3% gross, eish. Trpine might be onto something about stabilisation but I'd rather wait for distribution growth to actually show up on the numbers before getting interested again.
Current R 60,83 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.