Specialist shopping centre real estate investment trust (Reit) Hyprop reported a net profit of about R1.3-billion for the financial year ended June 30, compared with a loss of R837-million incurred for the 2021 financial year.  The Reit attributed the swing to a net profit primarily to the increase in the fair value of the group’s investment properties of R459-million, compared with a decrease of about R1.5-billion in the prior year, along with goodwill of R433-million written off in 2022.