Brief: Ascencio H1 EPRA Earnings Up At EUR 16.2 MILLION

Ascencio SA

24/05/2022 16:40

May 24 (Reuters) - Ascencio SCA  ASCC.BR :
    * H1 RENTAL INCOME OF EUR 23.6 MILLION, UP 2.1% YOY
    * H1 EPRA EARNINGS EUR 16.2 MILLION, OR EUR 2.46 PER SHARE,
UP BY
6.5% YOY
    * H1 NET RESULT EUR 43.9 MILLION VERSUS EUR 19.1 MILLION
YEAR AGO
    * H1 OPERATING RESULT BEFORE RESULT ON PORTFOLIO EUR 19.9
MILLION
VERSUS EUR 18.6 MILLION YEAR AGO
    * END-MARCH PORTFOLIO OF 104 PROPERTIES WITH A FAIR VALUE OF
EUR
726.8 MILLION (DEVELOPMENT PROJECTS AND RIGHTS OF USE UNDER IFRS
16 INCLUDED), UP BY 1.7% VERSUS FAIR VALUE AT END-SEPTEMBER 2021
    * OUTLOOK GEOPOLITICAL: AT THIS DATE CONFLICT UNCERTAINTIES
HAVE
NOT RESULTED IN  IMPACTS THAT WOULD BE REFLECTED IN RESULTS TO
THE END OF THE REPORTING PERIOD
    * OUTLOOK: GEOPOLITICAL CONFLICT CONTINUES TO GENERATE
UNCERTAINTY
AND VOLATILITY IN  MARKETS, AND  POTENTIAL LONG-TERM INDIRECT
EFFECTS ARE STILL DIFFICULT TO ESTIMATE
    * OUTLOOK SPAIN:  TO UNDERTAKE NEW ADMINISTRATIVE PROCEDURES
WITH
A VIEW TO OBTAINING SOCIMI STATUS TO REACTIVATE ITS ACQUISITION
STRATEGY IN THIS MARKET
    * OUTLOOK: WITH NO FURTHER HEALTH OR GEOPOLITICAL DISRUPTION
ON
RESULTS, COMPANY CONSIDERS TO DISTRIBUTE DIVIDEND COMPARABLE TO
THAT OF THE PREVIOUS YEAR

Source text for Eikon:  ID:nGNE95Tkyz 
Further company coverage:  ASCC.BR 

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