Ich muss dir meine Hochachtung dafür aussprechen, dass du solch eine ehrliche Aussage getroffen hast!

As a native English speaker, I don’t actually understand the English sentence.

'I have to give you major props for making such an honest statement."

props

Slang term for “accolades”, “proper respect”, or “just dues”. Popularized in the 1980s by rappers who shortened the term “propers” which was in turn being used as an abbreviated version of “proper respect” at least by the 1960s. The increase in this term’s usage during the late 1980s and early 1990s coincided with an increasing fascination with the mafia within rap circles. Both communities have traditionally placed great emphasis on the importance of earning and giving respect.