HYPROP INVESTMENTS LIMITED - Operational trading update six months ended 31 December 2024

HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP ISIN: ZAE000190724
JSE bond issuer code: HYPI
(Approved as a REIT by the JSE)
("Hyprop" or "the Company" or "the Group")



OPERATIONAL TRADING UPDATE ' SIX MONTHS ENDED 31 DECEMBER 2024


INTRODUCTION

Hyprop is a specialist retail property fund with a high-quality portfolio. Our strategy focuses on owning and
managing dominant retail centres located in vibrant mixed-use precincts in key economic nodes in South Africa
and Eastern Europe. This approach is not only a differentiator but enables us to create spaces that connect people.


We are committed to delivering long-term sustainable growth for all our stakeholders, measured on a total returns
basis. To achieve this, we allocate our resources to investments that enhance yield with potential for long-term
capital growth, ultimately driving overall returns.

TRADING FOR THE SIX MONTHS ENDED 31 DECEMBER 2024

Hyprop's portfolios in South Africa and Eastern Europe continued their growth trajectory during the six months
ended 31 December 2024, with sturdy trading performances during the period.

South Africa (SA) portfolio

Key trading metrics for the SA portfolio, including tenants' turnover, trading density and foot count showed
positive growth compared to the previous period, with a circa 6% increase in trading density for November and
December 2024. The sustained growth is a result of our continuing efforts to enhance the relevance and
competitiveness of our nine centres.

SA portfolio key trading metrics for the period:


                                                                                                  Total for
                                                                                                    6-month
 Trading Metric      Year           Jul        Aug        Sep        Oct        Nov        Dec       period
 Tenants'            2023     2 114 184  1 971 900  2 015 574  2 004 941  2 416 939  3 542 291   14 065 830
 Turnover (R'000)    2024     2 132 301  2 160 544  2 093 222  2 138 553  2 619 098  3 611 685   14 755 403
 Variance % 2024 vs 2023           0.9%       9.6%       3.9%       6.7%       8.4%       2.0%         4.9%


 Trading Density     2023         3 369      3 138      3 207      3 182      3 808      5 544        3 713
 (R)                 2024         3 342      3 384      3 289      3 384      4 149      5 713        3 875
 Variance % 2024 vs 2023          -0.8%       7.9%       2.6%       6.4%       9.0%       3.1%         4.4%


 Foot count          2023         7 313      6 675      6 871      7 018      7 377      9 518       44 773
 ('000)              2024         6 995      7 035      6 858      6 931      7 599      9 544       44 963
 Variance % 2024 vs 2023          -4.4%       5.4%      -0.2%      -1.2%       3.0%       0.3%         0.4%

Eastern Europe (EE) portfolio

The EE portfolio tenants' turnover and trading density saw strong growth. This performance highlights the
centres' dominant market positions and relevance.


The foot count was impacted by the non-working Sundays Trade Act in Croatia, which allows retailers to operate
on only 16 Sundays per calendar year and prohibits trading on public holidays. The slight decrease in foot count
was offset by strong growth of 8.8% in tenants' turnover for the period.

EE portfolio key trading metrics for the period:


                                                                                                  Total for
                                                                                                    6-month
 Trading Metric      Year           Jul        Aug        Sep        Oct        Nov        Dec       period
 Tenants' Turnover   2023        44 065     41 361     46 834     50 455     56 359     70 494      309 567
 (''000)             2024        50 146     45 808     54 181     53 602     58 714     74 452      336 902
 Variance % 2024 vs 2023          13.8%      10.8%      15.7%       6.2%       4.2%       5.6%         8.8%


 Trading Density     2023           265        251        285        304        339        422          311
 (')                 2024           298        272        321        318        349        443          333
 Variance % 2024 vs 2023          12.3%       8.4%      12.6%       4.4%       3.0%       5.0%         7.2%


 Foot count          2023         2 159      2 093     2 266       2 334      2 419      2 724       13 995
 ('000)              2024         2 222      2 140     2 304       2 325      2 401      2 720       14 111
 Variance % 2024 vs 2023           2.9%       2.2%      1.7%       -0.4%      -0.8%      -0.2%         0.8%


Hyprop's interim results for the six months ended 31 December 2024 are scheduled to be released on 13 March 2025.


29 January 2025

Sponsor
Java Capital

Date: 29-01-2025 07:05:00

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