Overview
Belgium real estate investor's half-year rental income and EPRA earnings were stable yr/yr
Net income rose, mainly due to positive revaluations
Outlook
Company did not provide specific guidance or outlook for future periods in the press release
Result Drivers
PROPERTY REVALUATIONS - Net income increase mainly due to positive portfolio revaluations
Company press release: ID:nGNE7YBgdV
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Rental Income
EUR 27.2 mln
H1 Net Income
EUR 19.5 mln
H1 EPRA Earnings
EUR 18.4 mln
H1 EPRA Earnings Per Share
EUR 2.80
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy."
Wall Street's median 12-month price target for Ascencio SA is €54.00, about 9.6% above its May 15 closing price of €49.25
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
