Hyprop warns of up to 46% decrease in distributable income

26th February 2021

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

Font size: - +

Specialised shopping centre real estate investment trust (Reit) Hyprop expects its distributable income a share for the six months ended December 31, 2020, to be between 43% and 46% lower year-on-year at between 181c and 191c.

The company attributes the decline mainly to the negative impact of Covid-19 on the group’s operations.

"Shareholders are advised that, given the ongoing uncertainty related to Covid-19 and Hyprop’s established objectives to reduce debt and strengthen its balance sheet, the board considers it prudent to defer any decision on the declaration of a dividend to shareholders until publication of Hyprop’s annual results in September 2021."

The Reit will publish its interim results on March 1.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION