Attacq's interim distributable income surges nearly 50%

Attacq Limited announced a 49.1% increase in distributable income per share (DIPS) for the six months ended December 31, 2024. Interim dividend per share also rose substantially, increasing by 46.7%. The company's interest cover ratio improved to 2.91 times. Group gearing increased marginally to 25.9%, while occupancy decreased slightly to 91.9%. Development activity totaled 43,988m² of GLA at Waterfall City. As a result of the strong performance, Attacq has revised its full-year DIPS guidance upwards to between 24.0% and 27.0% growth, driven by the Waterfall City transaction with GEPF and the acquisition of remaining Mall of Africa shares. The company declared an interim gross cash dividend of 44.00000 cents per share, representing a payout ratio of 80.0%.