Ascencio - Decent Q1 with some portfolio rotation
Q1 results closed end December. EPRA Earnings landed at EUR 9.2m or EUR 1.40 on a per share basis, up 6.6% YoY.Net result was up 5.3% YoY at EUR 13.2m, driven by a 6.2% LfL rental growth, driven by the increase in occupancy and indexation applied in FY22/23.EPRA LTV was down 50bps vs September end to 42.9%. Portfolio value was down 0.4% (-EUR 3m) YoY, with appraised gross yield now at 6.9% (+43bps YoY). EPRA NTA stood at EUR 64.54, up 1.5% YoY.In Q4 2023 and Q1 2024, Ascencio acquired 3 commercial units in Couillet (EUR 7m) and sold aAscencio 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.
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