Attacq has been one of the fastest growing companies listed on the JSE’s real estate holdings & development sector. Unlike real estate investment trusts (Reits), Attacq has focused on providing investors with capital growth rather than dividends over the past three-and-a-half years.However, Attacq plans to adopt a Reit structure from July 1 2018 (subject to JSE approval), paving the way for it to start paying regular dividends. This would put Attacq on a wider investor radar, including pension funds that have a preference for companies that distribute income. Since listing in 2013, the property holding, development and investment group, has grown its total asset value from R12.78bn (as at June 30 2013) to R27.1bn as at December 31 2016. Its asset focus is three-fold: ownership of direct properties, strategic investment stakes and new developments (greenfield projects and refurbishments to existing properties).The company has a diversified property portfolio, with 69% comprising reta...
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