Brief: Ascencio End-June Rental Income Up At EUR 32.93 Mln

Ascencio SA

07/08/2020 16:59

Aug 7 (Reuters) - ASCENCIO SCA  ASCC.BR :
    * Q3 OF FINANCIAL YEAR 2019-2020
    * DEBT RATIO OF 49.5% AT 30 JUNE 2020
    * LAST QUARTER OF FINANCIAL YEAR SHOULD GENERATE AN EPRA
RESULT IN
EXCESS OF THAT OF THE FOURTH QUARTER OF THE PREVIOUS FINANCIAL
YEAR
    * END-JUNE 2020 EPRA EARNINGS: EUR 3.16 PER SHARE COMPARED
TO EUR
3.32 PER SHARE AS OF JUNE 30, 2019
    * END-JUNE 2020 RENTAL INCOME : €32.93 MILLION, UP BY 5.7%
    * AT END JUNE 2020 OCCUPANCY RATE : 98.0% (COMPARED WITH
96.6% AT
30/09/2019)
    * PROJECTED RESULTS FOR 2019/2020 FINANCIAL YEAR SHOULD
ALLOW
DISTRIBUTION OF GROSS DIVIDEND COMPARABLE WITH THAT OF PREVIOUS
FINANCIAL YEAR
    * AS OF JUNE 30, 2020, FAIR VALUE OF REAL ESTATE PORTFOLIO
AMOUNTS
(EXCLUDING IFRS 16) TO EUR 691.3 MILLION COMPARED TO EUR 622.8
MILLION AS OF SEPTEMBER 30, 2019
    * CONSOLIDATED NET RESULT CAME TO €2.17 MILLION AT 30 JUNE
2020 AS
AGAINST €17.34 MILLION AT 30 JUNE 2019
    * THE HEALTH CRISIS DID NOT AFFECT THE RESULTS FOR THE FIRST
HALF-YEAR ENDED 31 MARCH 2020
    * FROM 1 APRIL MANY TENANTS (IN SECTORS OTHER THAN FOOD)
HAVE
SUSPENDED PAYMENT OF THEIR RENTS DUE TO THE CLOSURE OF THEIR
BUSINESS
    * ASCENCIO OFFERED TO STAGGER AND/OR PARTLY CANCEL RENT
PAYMENTS
FOR APRIL AND MAY FOR NON-FOOD TENANTS WHOSE BUSINESS HAS BEEN
BADLY AFFECTED BY THE CRISIS
    * AT THE DATE OF WRITING, ASCENCIO HAS REACHED AGREEMENT
WITH ALL
ITS NON-FOOD TENANTS IN BELGIUM AND SPAIN
    * IN FRANCE, AGREEMENT HAS BEEN REACHED WITH NEARLY 40% OF
TENANTS
    * ASCENCIO ESTIMATES THAT, IN ABSENCE OF ANY SIGNIFICANT
UNFORESEEN DEVELOPMENTS, IMPACT OF COVID-19 CRISIS ON ITS RENTAL
INCOME FOR FINANCIAL YEAR WILL AMOUNT TO €2 MILLION

Source text for Eikon:  ID:nGNE3XGV5R 
Further company coverage:  ASCC.BR 

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