Attacq, the largest landlord in SA’s fastest-growing node Waterfall City, says its Mall of Africa and investments in Europe will continue to drive income growth as it begins to reward investors who backed it when it listed six years ago.
Attacq also said it expected to grow its dividend between 8% and 10% in the year to June 2020, despite having to exit failed investments in Africa and its involvement in the bailout of Edcon, which entailed landlords buying stakes in the retailer or reducing its rent. Attacq is also a 22.8% shareholder in MAS Real Estate, which owns assets in western and eastern Europe. MAS has said it will grow its dividend at least 30% a year for the next three years. This strong growth path will boost Attacq’s income received.
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