reports
- Lynn Hautekeete
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...
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...
- Lynn Hautekeete
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...
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...
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 ...
Persbericht : Ascencio en Allego werken samen om de installatie van sn...
Persbericht : Ascencio en Allego werken samen om de installatie van snellaadpalen in België te versnellen Ascencio en Allego werken samen om de installatie van snellaadpalen in België te versnellen Ascencio, belegger in commercieel vastgoed, en Allego, een van Europa's toonaangevende leveranciers van laadoplossingen voor elektrische voertuigen, gaan een partnerschap aan om de parkings van Ascencio uit te rusten met laadpalen voor elektrische voertuigen. Zodra de technische analyses zijn afgerond en de nodige vergunningen zijn verkregen, zullen de twee partnerbedrijven het netwerk v...
- Lynn Hautekeete
Ascencio 3Q24 results slightly above estimates, Intermarché at 18%
Ascencio reports 3Q24 results slightly above our estimates. The uptick is mainly driven by a higher than expected like-for-like growth. The occupancy rate remained stable at 97.7% vs 98.6 % at 1H24. The like-for-like growth is strong and above inflation at 4.5% (+4.9% BE, 4.1% FR, -5.1% SP). At 1H24 results we increased our TP from EUR 51.0 to EUR 52.0 on the back of a 3% EPRA EPS increase and lower than expected financial costs. Ascencio is an interesting dividend stock which offers a good risk...
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 2024THIRD 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 30/06/2023EPRA Earnings per share : €4.23 (vs €4.06 ...
Résultats du troisième trimestre de l'exercice 2023-2024
Résultats du troisième trimestre de l'exercice 2023-2024 DÉCLARATION INTERMÉDIAIRE AU 30 JUIN 2024TROISIÈME TRIMESTRE DE L’EXERCICE 2023/2024 97,7%TAUX D’OCCUPATION EPRA 6,94%RENDEMENT BRUT DU PORTEFEUILLE +0,2%DE VARIATION DE JUSTE VALEUR DU PORTEFEUILLE 93,0%RATIO DE COUVERTURE DE TAUX D’INTÉRÊT 2,20%COÛT MOYENDE FINANCEMENT SOLIDES PERFORMANCES OPÉRATIONNELLES RÉSULTATS OPÉRATIONNELS Revenus locatifs : 39,9 millions EUR, en progression de 4,1% par rapport à 38,3 millions EUR au 30/06/2023 Résultat EPRA : 27,9 millions EUR, en hausse de 4,2% par rapp...
Resultaten voor het derde kwartaal van het boekjaar 2023-2024
Resultaten voor het derde kwartaal van het boekjaar 2023-2024 TUSSENTIJDSE VERKLARING PER 30 JUNI 2024DERDE KWARTAAL VAN HET BOEKJAAR 2023/2024 97,7%EPRA BEZETTINGSGRAAD 6,94%BRUTORENDEMENT VAN DE PORTEFEUILLE +0,2%VARIATIE IN DE REËLE WAARDE VAN DE PORTEFEUILLE 93,0%AFDEKKINGSRATIO VAN DE RENTE 2,20%GEMIDDELDE FINANCIERINGSKOST STERKE OPERATIONELE PRESTATIES OPERATIONELE RESULTATEN Huurinkomsten : 39,9 miljoen EUR, een stijging van 4,1% ten opzicht...
- Lynn Hautekeete
Ascencio Solid half year update with increased occupancy
Ascencio report half year results completely in line with our estimates. The occupancy rate has improved by 70bps vs 3Q23 reporting to 98.6%. This is reflected in a strong half year like-for-like growth at 5.1% (1H22-23 vs 1H23-24). It has updated its internal hedging policy, which will now cover a 7y period (prev.5y). At current projected debts, the hedge ratio will stay above 80% until FY29. This decreases our financial cost in FY26 which results in a 3% EPRA EPS increase. In line we increase ...
- Inna Maslova
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 ...
Results for the first half of the 2023-2024 financial year
Results for the first half of the 2023-2024 financial year HALF-YEARLY FINANCIAL REPORT OF ASCENCIO SARESULTS AT 31 MARCH 2024 98.6%EPRA OCCUPANCY RATE 7.0%GROSS YIELD ON THE PORTFOLIO -0.2%CHANGE IN FAIR VALUE OF THE PORTFOLIO 90.3%INTEREST RATE HEDGING RATIO STRONG EPRA EARNINGS & ROTATIE BINNEN DE VASTGOEDPORTEFEUILLE OPERATING RESULTS Rental income : €26.3 million, up by 5.1% compared with €25.1 million at 31/03/2023EPRA occupancy rate : 98.6%, up from the 97.9% recorded at 30/09/2023EPRA Earnings : €18.0 ...
Résultats relatifs au premier semestre de l'exercice 2023-2024
Résultats relatifs au premier semestre de l'exercice 2023-2024 RAPPORT FINANCIER SEMESTRIEL D’ASCENCIO SARÉSULTATS AU 31 MARS 2024 98,6%TAUX D’OCCUPATION EPRA 7,0%RENDEMENT BRUT DU PORTEFEUILLE -0,2%DE VARIATION DE JUSTE VALEUR DU PORTEFEUILLE 90,3%RATIO DE COUVERTURE DE TAUX D’INTÉRÊT RÉSULTAT EPRA SOLIDE & ROTATION AU SEIN DU PORTEFEUILLE IMMOBILIERRÉSULTATS OPÉRATIONNELS Revenus locatifs : 26,3 millions EUR, en progression de 5,1% par rapport à 25,1 millions EUR au 31/03/2023Taux d’occupation EPRA : 98,6%, en hausse par rapport au...
Resultaten voor de eerste helft van het boekjaar 2023-2024
Resultaten voor de eerste helft van het boekjaar 2023-2024 FINANCIEEL HALFJAARVERSLAG VAN ASCENCIO NVRESULTATEN OP 31 MAART 2024 98,6%EPRA BEZETTINGSGRAAD 7,0%BRUTORENDEMENT VAN DE PORTEFEUILLE -0,2%VERANDERING IN DE REËLE WAARDE VAN DE PORTEFEUILLE 90,3%AFDEKKINGSRATIO VAN DE RENTE SOLIDE EPRA-RESULTAAT & VERSCHUIVING BINNEN DE VASTGOEDPORTEFEUILLE OPERATIONELE RESULTATEN Huurinkomsten : 26,3 miljoen EUR, een stijging van 5,1% ten opzichte van 25,1 miljoen EUR op 31/03/2023EPRA bezettingsgraad : 98,6%, een stijg...
Déclaration de transparence - Notification
Déclaration de transparence - Notification Publication relative à une notification de transparence Article 14, Alinéa 1 de la loi du 2 mai 2007 relative à la publicité des participations importantes Résumé Ascencio a reçu une notification de transparence de la part de la société Patronale SA l’informant du franchissement du seuil de 5% à la hausse. Il déclare un actionnariat à 5,00%. Contenu de la notification La déclaration datée du 18 mars 2024 comprend les informations suivantes : Motif de la notificationFranchissement du seuil de 5% Acquisition ou cession de titres conférant des ...
Disclosure of transparency – Notification
Disclosure of transparency – Notification Disclosure of transparency notification Article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major shareholdings Summary Ascencio has received a transparency declaration from Patronale SA notifying that its voting rights have crossed the 5% threshold upwards. Patronale Life SA declares a shareholding at a level of 5%. Content of notification The declaration dated on March, 18 2024 includes the following informations : Reason of the notification Downward crossing of the 5% thresholdAcquisition or disposal o...
Transparantieverklaring – Openbaarmaking
Transparantieverklaring – Openbaarmaking OPENBAARMAKING OVER EEN TRANSPARANTIEVERKLARING Artikel 4,1E lid van de Wet van 2 mei 2007 op de openbaarmaking van belangrijke deelnemingen Samenvatting Ascencio heeft een transparantieverklaring van Patronale Life NV met de mededeling dat de drempel van 5% naar boven werd overschreden. Patronale Life NV verklaart een participatie van 5%. Inhoud van de verklaring Het verslag van 18 maart 2024 bevat de volgende informatie : Reden voor de kennisgeving Onderschrijding van de 5% drempel naar boven; Verwerving of overdracht van stemrechten...
- Wim Lewi
KBCS Real Assets Conference Book 2024
This conference book is your guide to the KBCS Real Assets Conference 2024. It offers a program, an intro to the break-out sessions and company profiles with financial data and some useful info. The break-out sessions aim to educate and contemplate on certain trends. Last year we hosted “Energy as a business”. This year, we offer 4 break-outs on hot topics.
LEAS LEASINVEST REAL ESTATE SCA
XIOR XIOR STUDENT HOUSING N.V.
COFB COFINIMMO SA
RET RETAIL ESTATES NV
ELI ELIA GROUP SA/NV
MONT MONTEA SCA
AED AEDIFICA SA
QRF QRF COMM
CPINV CARE PROPERTY INVEST SA
ATEB ATENOR S.A.
ASC ASCENCIO SCA
VGP VGP NV
TINC TINC COMM. VA
WDP WAREHOUSES DE PAUW SCA
FAST FASTNED
CTPNV CTP NV
SHUR SHURGARD SELF STORAGE LIMITED
- Lynn Hautekeete
Ascencio 4Q23 (FY23/24) reporting in line with expectations
Over 4Q23-1Q24 Ascencio executed asset arbitrage. The asset rotation improved the quality of the portfolio with a neutral impact on the EPS (after closing date 4Q23). We expect the arbitrage strategy to continue with a positive impact on shareholder value. Ascencio beats our operating margin expectations at 84.2% on the back of lower property charges. If this trends continues over the next quarters we have to slightly increase our estimates. However, we believe the tenant concentration risk rema...
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