Brief: Ascencio FY Rental Income Up At 44.6 Million Euros

Ascencio SA

27/11/2020 16:58

Nov 27 (Reuters) - ASCENCIO SCA  ASCC.BR :
    * STATEMENT OF THE STATUTORY MANAGER - CONSOLIDATED RESULTS
FOR
FINANCIAL YEAR 2019-2020
    * PROPOSED DISTRIBUTION OF A GROSS DIVIDEND OF €3.65 PER
SHARE, UP
4.3%
    * FY RENTAL INCOME: €44.55 MILLION, UP BY 7.1% (BEFORE COVID
IMPACT)
    * DEBT RATIO: 48.7% AT 30/09/2020
    * FY NET PROFIT CAME TO €9.25 MILLION, COMPARED WITH €21.35
MILLION FOR THE YEAR ENDED 30 SEPTEMBER 2019
    * ON COVID-19: TOO EARLY TO ASSESS THE IMPACT OF THE SECOND
WAVE
OF COVID-19 ON THE COMPANY'S FINANCIAL YEAR 2020/2021, WHICH
BEGAN ON 1 OCTOBER 2020
    * AT 30/09/2020 ESTIMATED THAT IMPACT OF COVID-19 CRISIS ON
RENTAL
REVENUE FOR FINANCIAL YEAR AMOUNTS TO €1.64 MILLION
    * 60% OF ASCENCIO'S PORTFOLIO HAS NOT BEEN IMPACTED BY THESE
CLOSURES (COMPARED WITH 40% IN MARCH)
    * NEW LOCKDOWN AFFECTS FEWER RETAILERS IN ASCENCIO'S
PORTFOLIO
THAN THE PREVIOUS LOCKDOWN IN APRIL AND MAY
    * FY OPERATING RESULT BEFORE RESULT ON PORTFOLIO EUR 35.6
MILLION
VERSUS EUR 33.9 MILLION YEAR AGO
    * AT 30 SEPTEMBER 2020, OCCUPANCY RATE OF THE PORTFOLIO
STOOD AT
97.7% VERSUS 97.3% AT 30 SEPTEMBER 2019
    * END-SEPT EPRA EARNINGS: €29.42 MILLION, UP BY 2.8%

Source text for Eikon:  ID:nGNE6hhRd1 
Further company coverage:  ASCC.BR 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))