Ascencio - Decent HY, guidance reiterated
EPRA Earnings up 2.7% YoY to EUR 17.95m or to EUR 2.72 on a per share basis. LfL rents increased 5.1% as a result of the high indexation applied in 2022/2023 as well as increase in occupancy (+70bps vs September end to 98.6%).Portfolio yield increased 16bps to 7.0% vs September end, posting a mild negative portfolio revaluation (-0.2%). Portfolio values continued to be supported by increasing market rents. The company reiterates that it expects the dividend to be ‘at least comparable to the one of the previous fiscal year' (FY22/23: EUR 4.15).Ascencio posted a decent set of results, benefitting fromAscencio SCA is a Belgium-based real estate investment company. Its investments are mainly focused on properties in the retail and warehouses sector and the food industry in Belgium and France. The majority of its holdings are situated in Wallonia Region of Belgium, also in Flanders, in Brussels and in France. The Company's clients include Carrefour, Champion, Decathlon, Delhaize and others. Ascencio SCA has several wholly owned subsidiaries, such as Etudibel SA, SCI Candice Brives, SCI Echirolles Grugliasco, SCI Harfleur 2005, SCI Kevin, SCI La Pierre de l'Isle, SCI Mas des Abeilles, SCI ZTF Essey les Nancy, SCI Cannet Jourdan, SCI De La Cote, SCI Du Rond Point, SCI Seynod Barral, SCI Clermont Saint Jean and Les Papeteries de Genval , among others.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.