Ascencio rises after 'decent' FY results

Ascencio SA

27/11/2025 08:30

** Shares in Ascencio ASCE.BR rise over 3% after the Belgian real estate investment company reported a nearly 40% rise in FY net profit

** Degroof Petercam deems the update "decent" despite pressure on occupancy during the years from the bankruptcies

** The company "managed to rapidly relet (signed or in advance discussions) the vacant spaces, highlighting the attractiveness of this retail format for retailers," the broker adds

** It expects occupancy to further improve in the next quarters as new leases start

** Ascencio also increased its dividend for 11th consecutive year to an 4.45 euros per share, which is "attractive" according to Degroof

** Shares will see their best day since mid-September, if gains hold

(Reporting by Olivier Cherfan)

((olivier.cherfan@thomsonreuters.com))