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JSE – GRO Profile’s Stock Exchange Handbook: 2024 – Issue 3
Growthpoint Properties Ltd. Hammerson plc
GRO HAM
ISIN: ZAE000179420 SHORT: GROWPNT CODE: GRT ISIN: GB00BK7YQK64 SHORT: HAMMERSON CODE: HMN
REG NO: 1987/004988/06 FOUNDED: 1987 LISTED: 1987 REG NO: 360632 FOUNDED: 1940 LISTED: 2016
NATUREOFBUSINESS:GrowthpointisthelargestSouthAfricanprimary NATURE OF BUSINESS: Hammerson is a cities business. An owner,
JSE-listed REIT with a quality portfolio of 528 (FY23: 535) properties operator and developer of prime urban real estate, with a portfolio value of
across three major business units: GBP4.7billion (as at 30 June 2023), in some of the fastest growing cities in
*South Africa (SA) the UK, Ireland and France. Hammerson’s portfolio and adjacent lands
*Growthpoint Investment Partners (GIP) leverage its experience and capabilities to create and manage exceptional
*Offshore portfolio. city centre destinations with the opportunity to drive value and reshape
The South African business, representing 53.7% of total property assets, is entire neighbourhoods.
diversifiedacrosstheretail,office,industrial,andtradinganddevelopment SECTOR: RealEstate—RealEstate—REITS—Retail
(T&D) sectors, located in economic nodes in the major metropolitan areas. NUMBER OF EMPLOYEES: 199
Italsoincludesa50% investmentinthe V&AWaterfront(V&A) which isa DIRECTORS: Annous H (ind ne), Brunel M (ind ne, Fr),
mixed-use portfolio in Cape Town. The T&D sector develops commercial Butterworth M (snr ind ne, UK), Metz A (ne, USA), Welch C (ne, UK),
propertyforGrowthpoint’sownbalancesheetaswellasforthirdparties. Noel R (Chair, ne, UK), Gagné R (CEO, Can), Raja H (CFO)
SECTOR: RealEstate—RealEstate—REITS—Diversified MAJOR ORDINARY SHAREHOLDERS as at 08 Jul 2024
NUMBER OF EMPLOYEES: 637 APG Asset Management NV 19.97%
DIRECTORS: BerkeleyFM(ind ne), Hamman M (ind ne), Lighthouse Properties plc 6.78%
LebinaKP(ind ne), RaphiriCD(ind ne), SangquAH(ld ind ne), van BlackRock, Inc. 6.42%
WykJA(ind ne), Wilton E (ind ne), Gasant R (Chair, ind ne), MORE INFO: www.sharedata.co.za/sdo/jse/HMN
Sasse L N (Group CE), de Klerk E K (MD), Völkel G (FD) COMPANY SECRETARY: Alex Dunn
MAJOR ORDINARY SHAREHOLDERS as at 03 Jun 2024 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
Public Investment Corporation (PIC) obo GEPF 20.33% AUDITORS: PwC LLP
Ninety One SA (Pty) Ltd. 10.02%
Standard Bank Group Ltd. 4.01% CAPITAL STRUCTURE AUTHORISED ISSUED
POSTAL ADDRESS: PO Box 78949, Sandton, 2146 HMN Ords of 5p ea - 5 002 265 607
MORE INFO: www.sharedata.co.za/sdo/jse/GRT DISTRIBUTIONS [GBPp]
COMPANY SECRETARY: Johan de Koker Ords of 5p ea Ldt Pay Amt
TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd. Final No 13 2 Apr 24 10 May 24 0.78
SPONSOR: Investec Bank Ltd. Interim No 12 22 Aug 23 2 Oct 23 0.72
AUDITORS: Ernst & Young
LIQUIDITY: Jul24 Avg 18m shares p.w., R113.1m(18.8% p.a.)
CAPITAL STRUCTURE AUTHORISED ISSUED
GRT Ords no par 5 000 000 000 3 430 787 066 REIV 40 Week MA HAMMERSON
DISTRIBUTIONS [ZARc] 42473
Ords no par Ldt Pay Amt
34047
Interim No 76 9 Apr 24 15 Apr 24 58.80
Final No 75 17 Oct 23 23 Oct 23 65.80 25622
LIQUIDITY: Jul24 Avg 76m shares p.w., R848.3m(115.9% p.a.)
17196
REIV 40 Week MA GROWPNT
8771
2567
345
2228 2019 | 2020 | 2021 | 2022 | 2023 | 2024
NOTES: Hammerson undertook a 5:1 share consolidation effective 2
1890
September 2020. Historical figures have been adjusted.
FINANCIAL STATISTICS
1551
(GBP million) Dec 23 Dec 22 Dec 21 Dec 20 Dec 19
1212 Final Final Final(rst) Final Final(rst)
NetRent/InvInc 26 30 137 14 246
874 Total Inc 71 14 152 23 268
2019 | 2020 | 2021 | 2022 | 2023 | 2024
Attrib Inc - 51 - 164 - 429 - 1 735 - 781
FINANCIAL STATISTICS
(R million) Dec 23 Jun 23 Jun 22 Jun 21 Jun 20 TotCompIncLoss 92 - 142 - 449 - 1 687 - 860
Interim Final Final Final Final Ord UntHs Int 2 463 2 586 2 746 3 209 4 377
Net Rent 4 494 8 883 8 700 9 077 8 547 Investments 2 598 2 813 3 023 3 976 2 099
Total Inc 4 614 9 192 8 867 9 215 8 650 FixedAss/Prop 34 35 34 41 38
Tot Curr Ass 554 350 475 553 147
Attrib Inc 157 2 356 7 937 - 497 - 6 865
TotCompIncLoss - 801 6 879 12 854 - 3 314 194 Total Ass 4 328 4 536 4 914 5 906 7 315
Ord UntHs Int 69 621 71 911 71 212 66 410 67 877 Tot Curr Liab 241 185 180 324 219
Investment pro 137 667 138 590 133 161 126 452 137 457 PER SHARE STATISTICS (cents per share)
Listed Investm 1 681 1 576 1 489 1 122 837 HEPS-C (ZARc) 38.77 48.43 20.33 10.54 245.25
Tot Curr Ass 4 460 5 263 5 315 4 718 4 482 DPS (ZARc) 35.94 3.90 7.95 8.12 1 038.50
Total Ass 169 308 171 976 164 729 154 455 168 499 NAV PS (ZARc) 900.91 1 153.04 1 295.40 2 843.20 4 825.87
Tot Curr Liab 4 789 5 162 4 464 5 388 7 862 3 Yr Beta 2.09 2.42 2.20 1.82 0.34
PER SHARE STATISTICS (cents per share) Price Prd End 680 495 719 520 28 265
HEPS-C (ZARc) 56.59 149.61 211.14 169.98 79.93 Price High 693 835 899 29 090 37 495
DPS (ZARc) 58.80 130.10 128.40 118.50 146.00 Price Low 472 353 392 324 17 795
NAV PS (ZARc) 2 602.04 2 151.00 2 158.00 2 023.00 2 307.00 RATIOS
3 Yr Beta 0.97 0.94 1.17 1.11 0.92 RetOnSH Funds - 2.09 - 6.35 - 15.63 - 54.07 - 17.85
Price Prd End 1 168 1 166 1 235 1 490 1 335 RetOnTotAss 2.01 0.16 3.42 - 3.72 6.52
Price High 1 325 1 509 1 610 1 532 2 500 Debt:Equity 0.70 0.68 0.72 0.78 0.62
Price Low 914 1 129 1 212 1 040 950 OperRetOnInv 1.00 1.04 4.49 0.34 11.53
RATIOS OpInc:Turnover 19.51 22.60 100.00 9.26 100.00
RetOnSH Funds - 1.00 2.00 12.35 0.58 - 8.30
RetOnTotAss 5.85 5.99 5.65 5.72 5.15
Debt:Equity 0.81 0.77 0.72 0.80 0.89
OperRetOnInv 6.45 6.34 6.46 7.12 6.18
OpInc:Turnover 63.11 64.65 66.68 69.15 69.14
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