Delivering on Strategy
Attacq announced a robust set of results for the full-year ended 30 June 2023. The company reported full year dividend growth of 16.0% to 58.0 cents per share, with distributable income per share increasing by 14.5% to 71.9 cents.
Operationally, Attacq performed strongly with both occupancy and collection rates remaining high at 92.5% and 100.7% respectively, as the Group continues to experience record trading density, further delivering against its proven multi-hub strategy.
Positive retail trade in Mall of Africa resulted in a 10.8% growth in rental income for the year supported by 21 new brands being introduced.
This resulted in a 91.6% increase in turnover rental and a 71.4% increase in third party income at Mall of Africa, which is becoming a preferred destination for exhibitions and advertising.
Jackie van Niekerk, Attacq CEO, commented: “This year has been transformative for Attacq on so many fronts – from building and growing community partnerships to presenting and delivering a landmark equity transaction with our partners at the GEPF, and achieving key ESG milestones.
As a purpose-led business, we think differently about real estate, and this is evident in the successful execution of our strategy this year.”
Attacq’s unique South African precinct focused portfolio is diversified across different asset classes and geographies.
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