Mall of Africa owner Attacq has seen a massive rise in earnings for the 2025 financial year ended 30 June 2025.\u00a0<\/p>\n\n\n\n
Attacq is a Real Estate Investment Trust (REIT) that owns and operates Waterfall City in Midrand, Johannesburg, and is home to Mall of Africa and industrial, residential and commercial properties.\u00a0<\/p>\n\n\n\n
The group\u2019s distributable income per share, a standard measure for the success of REITs, increased by 25.6% to 108.3 cents. <\/p>\n\n\n\n
The group\u2019s earnings per share also rose 58.6% to 214.6 cents, while its headline earnings per share rose by 40.7% to 102.3 cents. <\/p>\n\n\n\n
The group upped its full-year dividend per share by 26.1% to 87 cents. <\/p>\n\n\n\n
The group noted that development activity, which includes developments under construction and approved pipeline developments, at Waterfall City reached 90,664 sqm, with a total cost of R2.3 billion. <\/p>\n\n\n\n
The group noted that the full financial year benefited from the Waterfall City transaction with the Government Employees Pension Fund (GEPF).<\/p>\n\n\n\n
The GEPF bought a 30% stake in Waterfall City via an investment in Attacq Waterfall Investment Company (AWIC), the subsidiary holding the Waterfall City development rights, for R2.7 billion. <\/p>\n\n\n\n
The group added that this was the first full financial year impacted by the acquisition of the remaining 20% of Mall of Africa. Attacq now owns 100% of Mall of Africa. <\/p>\n\n\n\n
The purchase was funded from a combination of the MAS P.L.C. share disposal proceeds and additional debt. <\/p>\n\n\n\n
The group also disposed of the Rest of Africa retail investments in exchange for a 4.47% interest in African-focused Lango Real Estate Limited. <\/p>\n\n\n\n
The group also installed 3.3MWp of rooftop photovoltaic (PV) systems, with renewable energy contributing 9.1% of the total energy mix. <\/p>\n\n\n\n Mall of Africa owner Attacq has seen a massive rise in earnings, with the group benefitting from the sale of 30% of Waterfall City. <\/p>\n","protected":false},"author":95,"featured_media":768909,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[11493,23416,11178],"class_list":["post-837647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-attacq","tag-gepf","tag-mall-of-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=837647"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837647\/revisions"}],"predecessor-version":[{"id":837659,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837647\/revisions\/837659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/768909"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=837647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=837647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=837647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Metric<\/strong><\/td> Units<\/strong><\/td> 30 June 2025<\/strong><\/td> 30 June 2024<\/strong><\/td> % Change<\/strong><\/td><\/tr> Distributable income per share<\/td> cents<\/td> 108.3<\/td> 86.2<\/td> 25.6<\/td><\/tr> Dividend per share<\/td> cents<\/td> 87.0<\/td> 69.0<\/td> 26.1<\/td><\/tr> Total assets<\/td> R’000<\/td> 24 567 332<\/td> 22 889 534<\/td> 7.3<\/td><\/tr> Net asset value per share<\/td> cents<\/td> 1 894<\/td> 1 793<\/td> 5.6<\/td><\/tr> Gross revenue<\/td> R’000<\/td> 2 869 242<\/td> 2 604 773<\/td> 10.2<\/td><\/tr> Earnings per share<\/td> cents<\/td> 214.6<\/td> 135.3<\/td> 58.6<\/td><\/tr> Headline earnings per share<\/td> cents<\/td> 102.3<\/td> 72.7<\/td> 40.7<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
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