Annonce • Dec 08
Attitude Property Ltd, Annual General Meeting, Dec 10, 2025 Attitude Property Ltd, Annual General Meeting, Dec 10, 2025, at 10:00 Arabian Standard Time. Location: office 16, 2nd floor, block 1, the strand, lakeside district, beau-plan 21001, Mauritius Annonce • Dec 11
Attitude Property Ltd, Annual General Meeting, Dec 11, 2024 Attitude Property Ltd, Annual General Meeting, Dec 11, 2024, at 10:00 Arabian Standard Time. Location: office 16, 2nd floor, block 1, the strand, lakeside district, beau-plan 21001, Mauritius Reported Earnings • Sep 26
Full year 2024 earnings released: EPS: MU₨0.61 (vs MU₨0.79 in FY 2023) Full year 2024 results: EPS: MU₨0.61 (down from MU₨0.79 in FY 2023). Revenue: MU₨201.7m (down 5.3% from FY 2023). Net income: MU₨98.3m (down 22% from FY 2023). Profit margin: 49% (down from 59% in FY 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • May 14
Third quarter 2024 earnings released: EPS: MU₨0.15 (vs MU₨0.19 in 3Q 2023) Third quarter 2024 results: EPS: MU₨0.15 (down from MU₨0.19 in 3Q 2023). Revenue: MU₨47.4m (down 10% from 3Q 2023). Net income: MU₨24.2m (down 19% from 3Q 2023). Profit margin: 51% (down from 57% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 14
Upcoming dividend of MU₨0.48 per share at 6.8% yield Eligible shareholders must have bought the stock before 21 February 2024. Payment date: 29 March 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.8%. Within top quartile of Mauritian dividend payers (6.1%). Higher than average of industry peers (5.5%). Declared Dividend • Feb 08
First half dividend of MU₨0.48 announced Shareholders will receive a dividend of MU₨0.48. Ex-date: 21st February 2024 Payment date: 29th March 2024 Dividend yield will be 8.8%, which is higher than the industry average of 5.5%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 42% to shift the payout ratio to a potentially unsustainable range, which is more than the 16% EPS decline seen over the last 5 years. Reported Earnings • Feb 07
Second quarter 2024 earnings released: EPS: MU₨0.18 (vs MU₨0.20 in 2Q 2023) Second quarter 2024 results: EPS: MU₨0.18 (down from MU₨0.20 in 2Q 2023). Revenue: MU₨51.8m (down 1.8% from 2Q 2023). Net income: MU₨28.2m (down 11% from 2Q 2023). Profit margin: 54% (down from 60% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Upcoming Dividend • Sep 27
Upcoming dividend of MU₨0.50 per share at 6.3% yield Eligible shareholders must have bought the stock before 04 October 2023. Payment date: 30 October 2023. Trailing yield: 6.3%. Within top quartile of Mauritian dividend payers (5.6%). Higher than average of industry peers (4.7%). Annonce • Sep 21
Attitude Property Ltd Declares Final Dividend, Will Be Paid on or About 30 October 2023 Board of Directors of ATTITUDE PROPERTY LTD has declared a final dividend of 50 cents per share to all shareholders registered at close of business on 06 October 2023 in respect of the financial year ending 30 June 2023. The final dividend will be paid on or about 30 October 2023. The shares of ATTITUDE PROPERTY LTD will be traded cum-dividend up to and including the market day of 03 October 2023, and ex-dividend as from 04 October 2023. Reported Earnings • Sep 20
Full year 2023 earnings released: EPS: MU₨0.79 (vs MU₨1.02 in FY 2022) Full year 2023 results: EPS: MU₨0.79 (down from MU₨1.02 in FY 2022). Revenue: MU₨213.0m (flat on FY 2022). Net income: MU₨126.1m (down 23% from FY 2022). Profit margin: 59% (down from 77% in FY 2022). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. New Risk • Sep 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings have declined by 8.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Revenue is less than US$5m (MU₨213m revenue, or US$4.7m). Market cap is less than US$100m (MU₨1.89b market cap, or US$42.1m). Reported Earnings • May 13
Third quarter 2023 earnings released: EPS: MU₨0.19 (vs MU₨0.23 in 3Q 2022) Third quarter 2023 results: EPS: MU₨0.19 (down from MU₨0.23 in 3Q 2022). Revenue: MU₨52.8m (down 11% from 3Q 2022). Net income: MU₨29.9m (down 19% from 3Q 2022). Profit margin: 57% (down from 62% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 15
Upcoming dividend of MU₨0.49 per share at 6.4% yield Eligible shareholders must have bought the stock before 22 February 2023. Payment date: 30 March 2023. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 6.4%. Within top quartile of Mauritian dividend payers (5.0%). Higher than average of industry peers (4.2%). Annonce • Feb 09
Attitude Property Ltd. Declares Interim Dividend, Paid on or About 30 March 2023 Attitude Property Ltd. has declared an interim dividend of 49 cents per share to all shareholders registered at close of business on 24 February 2023 in respect of the financial year ending 30 June 2023. The interim dividend will be paid on or about 30 March 2023. Reported Earnings • Feb 07
Second quarter 2023 earnings released: EPS: MU₨0.20 (vs MU₨0.23 in 2Q 2022) Second quarter 2023 results: EPS: MU₨0.20 (down from MU₨0.23 in 2Q 2022). Revenue: MU₨52.8m (down 14% from 2Q 2022). Net income: MU₨31.7m (down 14% from 2Q 2022). Profit margin: 60% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
First quarter 2023 earnings released: EPS: MU₨0.22 (vs MU₨0.22 in 1Q 2022) First quarter 2023 results: EPS: MU₨0.22 (in line with 1Q 2022). Revenue: MU₨57.6m (up 4.6% from 1Q 2022). Net income: MU₨34.6m (down 3.1% from 1Q 2022). Profit margin: 60% (down from 65% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
First quarter 2023 earnings released: EPS: MU₨0.22 (vs MU₨0.22 in 1Q 2022) First quarter 2023 results: EPS: MU₨0.22 (in line with 1Q 2022). Revenue: MU₨57.6m (up 4.6% from 1Q 2022). Net income: MU₨34.6m (down 3.1% from 1Q 2022). Profit margin: 60% (down from 65% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Charles Derblay was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Charles Derblay was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Armelle Du Coudray was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 27
Upcoming dividend of MU₨0.38 per share Eligible shareholders must have bought the stock before 04 October 2022. Payment date: 25 October 2022. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of Mauritian dividend payers (4.0%). Higher than average of industry peers (3.2%). Annonce • Sep 17
Attitude Property Ltd. Declares Final Dividend, Payable on or About 25 October 2022 The Board of Directors of Attitude Property Ltd. has declared a final dividend of 38 cents per share to all shareholders registered at close of business on 6 October 2022 in respect of the financial year ending 30 June 2022. The final dividend will be paid on or about 25 October 2022. The shares of the company will be traded cum-dividend up to and including the market day of 3 October 2022, and ex- dividend as from 4 October 2022. Reported Earnings • Sep 17
Full year 2022 earnings released: EPS: MU₨1.02 (vs MU₨0.84 in FY 2021) Full year 2022 results: EPS: MU₨1.02 (up from MU₨0.84 in FY 2021). Revenue: MU₨212.7m (up 1.2% from FY 2021). Net income: MU₨163.3m (up 21% from FY 2021). Profit margin: 77% (up from 64% in FY 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 13
Third quarter 2022 earnings released: EPS: MU₨0.23 (vs MU₨0.21 in 3Q 2021) Third quarter 2022 results: EPS: MU₨0.23 (up from MU₨0.21 in 3Q 2021). Revenue: MU₨59.4m (up 14% from 3Q 2021). Net income: MU₨36.8m (up 8.7% from 3Q 2021). Profit margin: 62% (down from 65% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Feb 18
Upcoming dividend of MU₨0.37 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 30 March 2022. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 6.2%. Within top quartile of Mauritian dividend payers (3.7%). Higher than average of industry peers (2.1%). Annonce • Feb 12
Attitude Property Ltd. Declares an Interim Dividend N Respect of the Financial Year Ending 30 June 2022, Payable on or About 30 March 2022 Attitude Property Ltd. has declared an interim dividend of 37 cents per share to all shareholders registered at close of business on 02 March 2022 in respect of the financial year ending 30 June 2022. The interim dividend will be paid on or about 30 March 2022. Reported Earnings • Feb 11
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down MU₨67.8m from profit in 1H 2021). Profit margin: (down from 65% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 19
First quarter 2022 earnings released: EPS MU₨0.22 (vs MU₨0.21 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: MU₨55.1m (up 5.7% from 1Q 2021). Net income: MU₨35.7m (up 5.9% from 1Q 2021). Profit margin: 65% (in line with 1Q 2021). Is New 90 Day High Low • Feb 20
New 90-day low: MU₨11.00 The company is down 2.0% from its price of MU₨11.20 on 20 November 2020. The Mauritian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 1.0% over the same period. Reported Earnings • Dec 09
First quarter 2021 earnings released: EPS MU₨0.21 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: MU₨52.1m (up 3.0% from 1Q 2020). Net income: MU₨33.7m (up 11% from 1Q 2020). Profit margin: 65% (up from 60% in 1Q 2020). The increase in margin was primarily driven by lower expenses. Reported Earnings • Dec 02
Full year 2020 earnings released: EPS MU₨0.78 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: MU₨208.4m (down 3.5% from FY 2019). Net income: MU₨124.9m (up 2.8% from FY 2019). Profit margin: 60% (up from 56% in FY 2019). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Sep 23
New 90-day low: MU₨11.00 The company is down 2.0% from its price of MU₨11.20 on 25 June 2020. The Mauritian market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 6.0% over the same period.