ATTACQ LIMITED - Condensed unaudited consolidated interim financial results for the six months ended 31 December 2023

Condensed unaudited consolidated interim financial results for the six months ended 31 December 2023

ATTACQ LIMITED
Incorporated in the Republic of South Africa
Registration number 1997/000543/06
JSE share code: ATT ISIN: ZAE000177218
(Approved as a REIT by the JSE)
(Attacq or "the company" or "the group")


SHORT-FORM ANNOUNCEMENT:
CONDENSED UNAUDITED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2023


HIGHLIGHTS
    1. Implemented the R2.7 billion Waterfall City transaction with the Government Employees Pension Fund
    2. Interim dividend of 30.0 cps declared (31 December 2022: R29.0 cps)
    3. Interest cover ratio improved to 1.93 times (31 December 2022: improved to 1.72 times)
    4. Group gearing decreased to 25.3% (31 December 2022: 38.0%)
    5. Occupancy increased by 10 251m2 to 93.7% (31 December 2022: 92.0%)
    6. Distributable income per share guidance revised upwards to between 10.0% and 12.5% for the full year

FINANCIAL PERFORMANCE
                                                        31 December 2023          31 December 2022              % change
 Distributable income per share          cents                      36.9                      35.9                   2.8
 Dividend per share                      cents                      30.0                      29.0                   3.4
 Total assets                            R'000                22 110 013                21 732 562                   1.7
 Net asset value per share               cents                     1 725                     1 735                  (0.6)
 Gross revenue                           R'000                 1 365 957                 1 121 161                  21.8
 Earnings per share                      cents                      37.2                      28.2                  31.9
 Headline earnings per share             cents                      (3.3)                     37.1                   nmf
 
This short-form announcement is the responsibility of the directors and the contents were approved by the board on
11 March 2024. This short-form announcement is a summary of the full announcement released on SENS and published on
12 March 2024 and does not include full or complete details. Any investment decision should be based on the full
announcement. The short-form announcement has not been audited or reviewed by the company's external auditors.

The full announcement is available on the company's website at www.attacq.co.za/investor-hub and can be accessed
using the following JSE link: https://senspdf.jse.co.za/documents/2024/jse/isse/ATT/2024HYRES.pdf. The full announcement
is also available for inspection at the registered offices of the company or its sponsor, at no charge, during office hours
from Tuesday, 12 March 2024 to Wednesday, 20 March 2024. Copies of the full announcement may be requested via
email from brenda@attacq.co.za or sponsor@javacapital.co.za.

DIVIDEND
The board has declared an interim gross cash dividend of 30.00000 cents per share, for the six months ended
31 December 2023, out of the company's distributable income. A detailed announcement, including salient dates and
the tax treatment applicable to the dividend was published on Tuesday, 12 March 2024 via SENS announcement. The
group's full-year DIPS guidance has been revised upwards to between 10.0% and 12.5% growth with a pay-out ratio of
80.0%. The guidance has not been reviewed or reported on by Attacq's auditors.



By order of the board
Attacq Limited

12 March 2024

Independent non-executive directors
P Tredoux (chairperson)
HR El Haimer (lead independent director)
FFT De Buck
TP Leeuw
IN Mkhari
GT Rohde
S Shaw-Taylor
AE Swiegers
JHP van der Merwe

Executive directors
JR van Niekerk (CEO)
R Nana (CFO)

Company secretary
W Modisapodi

Registered office
Nexus 1, Ground floor, 44 Magwa Crescent, Waterfall City, 2090

Postal address
PostNet suite 016, Private Bag X81, Halfway House, 1685

Transfer secretaries
Computershare Investor Services Proprietary Limited

Sponsor
Java Capital

Independent auditors
Ernst & Young Inc.

Date: 12-03-2024 07:10:00
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