Hyprop on track to deliver 10% to 12% growth in full-year distributable income

JSE-listed retail-focused real estate investment trust (Reit) Hyprop Investments says it remains on track to deliver growth in distributable income per share (DIPS) of 10% to 12% for the financial year ending on June 30. In a pre-close operational update on the five-month period to end-May, the company says its liquidity position is strong, with R1.7-billion in cash and R2-billion in available bank facilities.

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