NEWS
Attacq Reports :
19 % Dividend Growth with Future-Fit Strategy
Attacq Limited has reported a strong performance for the fiscal year ending June 30 , 2024 , showcasing a 19.0 % growth in dividends per share to 69.0 cents , alongside a 19.9 % rise in distributable income per share to 86.2 cents . Despite a challenging environment , Attacq ’ s strategic focus on sustainable growth and operational excellence has driven these results .
Occupancy rates increased to 92.8 %, with collections at a robust 100.2 %. The company has advanced its development pipeline significantly , with ongoing and approved projects at Waterfall City , totaling 43,766m ² of gross lettable area and an investment of R1.7 billion . Attacq also completed strategic transactions , including acquiring full ownership of Mall of Africa and a 25 % stake in Waterfall Junction .
Jackie van Niekerk , Attacq CEO , remarked , “ This year , our strategy delivered exceptional results . Notably , the R2.7 billion Waterfall City deal and full control of Mall of Africa mark significant milestones . These moves enhance our growth trajectory and strategic positioning .” Attacq has improved its balance sheet , with gearing at 25.4 % and an interest cover ratio of 2.31x . The company ’ s Horizon 2023 vision underscores its commitment to long-term , purpose-driven growth , operational excellence , and community impact , evidenced by its recent SAPOA award for innovative development .
106 REI MAGAZINE SEPTEMBER 2024