ASC Ascencio SCA

Results for the third quarter of the 2023-2024 financial year

Results for the third quarter of the 2023-2024 financial year

INTERIM STATEMENT AT 30 JUNE 2024

THIRD QUARTER OF FINANCIAL YEAR 2023/2024

97.7%

EPRA OCCUPANCY RATE









  		6.94%

GROSS YIELD ON THE PORTFOLIO









  		+0.2%

CHANGE IN FAIR VALUE OF THE PORTFOLIO





 		93.0%

INTEREST RATE HEDGING RATIO





  		2.20%

AVERAGE COST OF DEBT









 



 

SOLID OPERATING PERFORMANCE

OPERATING RESULTS

  • Rental income : €39.9 million, up by 4.1%  compared with €38.3 million at 30/06/2023 

  • EPRA Earnings : €27.9 million, up by 4.2% compared with €26.8 million at 30/06/2023
  • EPRA Earnings per share : €4.23 (vs €4.06 at 30/06/2023)
  • Net result : €21.0 million (vs €33.2 million at 30/06/2023), the decrease being solely due to the revaluation difference compared to 30/06/2023 (-€6.9 million vs +€6.8 million)

 BALANCE SHEET INFORMATION

  • Fair value of the real estate portfolio : €743.0 million (vs €740.9 million at 30/09/2023)
  • Debt ratio (EPRA LTV) : stable at 43.4% compared to 30/09/2023
  • Net asset value (EPRA NTA) per share : €63.88 (vs €63.59 at 30/09/2023)

 

Attachment



EN
13/08/2024

Underlying

ASCAscencio SCA

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Ascencio SCA

Lynn Hautekeete
  • Lynn Hautekeete
ASC ASCENCIO SCA

Ascencio FY24 results: Results in line, EUR 4.30 DPS

Ascencio reports FY23/24 results in line with our expectations. The EPRA earnings came in at EUR 36.2m vs 36.3m expected. The EPRA earnings are almost flat YoY despite the 3.9% LFL growth as the operating margin went down by 110bps and the CoD increased from 2.0% to 2.2%. The main impact on the operating margin was a one-off related to taxes. The dividend increases 3.6% to EUR 4.30 per share. Over the next 2 years we forecast 2.1% and 1.7% EPS growth and a EUR 4.40 and EUR 4.45 DPS. The ERV is s...

13h / 37m 13h / 37m 1 EN
 PRESS RELEASE
Free
ASC ASCENCIO SCA

Communiqué de Presse : Résultats Annuels 2023/2024

Communiqué de Presse : Résultats Annuels 2023/2024 Performances immobilières et financières solides & Dividende en hausse pour la 10ème année consécutive 97,8% 6,99% 2,22% 95,5% 8,8% TAUX D’OCCUPATIONEPRA RENDEMENT BRUT DU PORTEFEUILLE   COÛT MOYEN DE FINANCEMENT RATIO DE COUVERTURE DE TAUX D’INTÉRÊT RENDEMENT BRUT DU DIVIDENDE  Résultats opérationnels  Revenus locatifs : 53,3 millions E...

November 28, 2024 1 EN
Lynn Hautekeete
  • Lynn Hautekeete
XIOR Xior Student Ho...
COFB COFINIMMO SA ... (+5)

Risk of SOCIMI abolishment Fear of the SOCIMI abolishment stresses Eur...

Yesterday Spanish media reported on the potential abolishment of the SOCIMI status. The proposal comes from PSOE (socialists) and Sumar (Left winged). This is the REIT regime for listed companies that alows for a tax exemption. If this is the case corporate income tax would increase from 0% to 25%. It is very important to note that this measure is not yet approved. There is no visiblity yet on a potential alternative system. Additionally, measurements (cost shifts) could be taken to decrease the...

XIOR XIOR STUDENT HOUSING N.V.
COFB COFINIMMO SA
AED AEDIFICA SA
CPINV CARE PROPERTY INVEST SA
ASC ASCENCIO SCA
11/13/24 November 13, 2024 1 EN
 PRESS RELEASE
Free
ASC ASCENCIO SCA

Press release :  Ascencio and Allego working together to accelerate th...

Press release :  Ascencio and Allego working together to accelerate the installation of fast charging stations in Belgium  Ascencio and Allego working together to accelerate the installation of fast charging stations in Belgium Ascencio, an investor in retail real estate, and Allego, a leading European provider of electric vehicle charging solutions, have signed a partnership agreement to install electric vehicle chargers in Ascencio's car parks. Once the technical usage analyses have been completed and the necessary permits obtained, the two partner companies will expand the networ...

October 17, 2024 1 EN
 PRESS RELEASE
Free
ASC ASCENCIO SCA

Communiqué de presse : Ascencio et Allego collaborent pour accélérer l...

Communiqué de presse : Ascencio et Allego collaborent pour accélérer l’installation de bornes de recharge rapide en Belgique Ascencio et Allego collaborent pour accélérer l’installation de bornes de recharge rapide en Belgique Ascencio, investisseur en immobilier commercial, et Allego, l’un des leaders des solutions de recharge pour véhicules électriques en Europe, concluent un partenariat visant à équiper les parkings d’Ascencio de chargeurs pour véhicules électriques. Au terme des analyses techniques d’usage et des démarches relatives à l’obtention des permis nécessaires, les deux ...

October 17, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch