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Retail-experience hubs’ trading performance update for November and December 2024
ATTACQ LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/000543/06)
JSE share code: ATT
A2X share code: ATTJ
JSE alpha code: ATTI
ISIN: ZAE000177218
(Approved as a REIT by the JSE)
("Attacq" or the "group")
RETAIL-EXPERIENCE HUBS' TRADING PERFORMANCE UPDATE FOR NOVEMBER AND DECEMBER 2024
Attacq's retail-experience hubs performed strongly during the festive season, driven by the Black Friday
shopping period, generating over R3.1 billion in turnover during November and December 2024 versus
R2.95 billion in turnover during the equivalent prior period. All references to the Attacq retail-experience hub
portfolio in this announcement exclude Attacq's 25% interest in Brooklyn Mall.
December 2024 vs 2023 (%) November 2024 vs 2023 (%)
Turnover Footcount Turnover Footcount
Super-regional
Mall of Africa 5.7 (0.2) 10.0 6.3
Regional
Eikestad Mall (3.1) (1.2) 7.1 5.1
Garden Route Mall 3.3 (0.2) 7.6 2.5
MooiRivier Mall 0.2 (4.0) 8.0 2.7
Convenience
Glenfair Boulevard (2.3) * 1.4 *
Lynnwood Bridge (2.1) * 8.1 *
Neighbourhood
Waterfall Corner 3.6 * 6.0 *
Total** 3.2 (0.9) 8.8 4.5
* Footcount not tracked due to retail-experience hub layout
** Portfolio weighted average
Turnover
Attacq's retail-experience hubs achieved a total turnover growth of 8.8% in November 2024 and 3.2% in
December 2024 compared to the same months in 2023, building on the successful turnover growth recorded
in October 2024.
Retailers across our portfolio experienced a strong November 2024, with extended specials leading up to
Black Friday driving significant activity. However, year-on-year growth in December 2024 was more
moderate compared to 2023, largely due to calendar differences. December 2024 featured only four
weekends, while December 2023 had five (with 30 November 2024 falling on a Saturday and 1 December
2024 on a Sunday).
Trading activity in October and November 2024 may have benefited from the new two-pot retirement
system, with the 'Homeware, Furniture, and Interior' category performing particularly well, achieving growth
of 23.9% and 12.2%, respectively. In November 2024, the Apparel category also showed strong performance,
growing by 11.8%.
We are encouraged by the turnover growth in local brands within our portfolio, including Beauty on Tap,
ERA by Zinhle, Galxboy, and Van Rensburg Foods. This reinforces our strategy of providing physical customer
access to popular local retailers.
Footcount
The total footcount across Attacq's retail-experience hub portfolio increased by 4.5% year-on-year in
November 2024 but declined slightly by 0.9% in December 2024. On Saturday, 14 December 2024, Mall of
Africa recorded 96 582 shopper visits, compared to 105 324 visits on Black Friday Saturday,
30 November 2024.
The financial information contained in this SENS announcement has not been reviewed and reported on by
the group's auditors.
28 January 2025
Equity sponsor Debt sponsor
Java Capital Nedbank Corporate and Investment Banking,
(a division of Nedbank Limited)
Date: 28-01-2025 02:50:00
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