News Formal

Canal Walk owner Hyprop reports jump in earnings amid Eastern Europe boost

  • 📰 News24
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 80%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Hyprop Investments, whose interests include Canal Walk, Hyde Park Corner and Rosebank Mall has reported a climb in distributable income of almost a quarter in its year to end-June, with activity picking up in its SA centres, but growing by double digits in Eastern Europe.

Distributable income rose 24% to R1.45 billion to end-June, though distributable income per share rose only 18% given increased shares related to its 2022 dividend, at a 75% payout ratio.

It also owns 4 assets in Eastern Europe, two in Zagreb in Croatia, one in North Macedonia, and one in Sofia, Bulgaria. In 2023, the Eastern European portfolio had been consolidated for the entire year, compared to 3 months in 2022. Higher rates of inflation however drove double digit increases tenant turnover, but it added it is cautiously optimistic that the peak of inflation and interest rates will soon be reached, while growth prospects in Eastern Europe remain favourable.

"Although most of these costs can be on-charged to tenants, this increases their cost of occupancy and is not a sustainable long-term solution," the group said.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 4. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

ICT Business Analyst - Eastern Cape HumansdorpOur client in the FMCG industry based in Humansdorp is current looking to employ an ICT Business Analyst. If you have a passion for optimising business processes and are well-versed in ERP solutions, we want to hear from you. Awesome career opportunity awaits!Main purpose of the position: Our client is seeking a highly experienced ERP […]
Fonte: ITOnlineSA - 🏆 16. / 63 Consulte Mais informação »

ICT Business Analyst - Eastern Cape GqeberaKey Responsibilities: The successful candidate will evaluate business requirements and processes, leading ongoing reviews and analysis of business operations. Develop and implement optimization strategies, with a focus on ERP systems, such as Microsoft Dynamics Business Central and other business systems. Serve as the process owner for key capabilities and implementations. Effectively communicate insights and plans […]
Fonte: ITOnlineSA - 🏆 16. / 63 Consulte Mais informação »