Brief: Ascencio H1 Net Income Down At 5.4 Million Euros

Ascencio SA

12/06/2020 16:48

June 12 (Reuters) - ASCENCIO SCA  ASCC.BR :
    * FINANCIAL REPORT OF THE STATUTORY MANAGER FOR THE FIRST
HALF OF
FINANCIAL YEAR 2019-2020
    * H1 RENTAL INCOME OF EUR 21.21 MILLION, UP BY 2.5%
    * H1 OCCUPANCY RATE: 97.1% (COMPARED WITH 97.3% AT 30
SEPTEMBER
2019)
    * H1 EPRA EARNINGS OF €14.60 MILLION, UP BY 1.0%
    * DEBT RATIO OF 49.52% AT 31 MARCH 2020
    * H1 EPRA NAV: €54.06 PER SHARE (€54.75 AT 31 MARCH 2019)
    * STILL IMPOSSIBLE TO DETERMINE THE IMPACT OF THE COVID-19
HEALTH
CRISIS ON RESULTS FOR FINANCIAL YEAR 2019/2020
    * COVID-19: HEALTH CRISIS AND ITS EFFECTS ON RETAILERS’
BUSINESS
FROM MID-MARCH DID NOT AFFECT RESULTS FOR H1 ENDED 31 MARCH 2020
    * FINANCIAL BURDEN OF THE TWO-MONTH LOCKDOWN FOR ALL
NON-FOOD
TENANTS TOGETHER AMOUNTS TO ABOUT €4 MILLION IN RENTALS
    * H1 VALUE OF THE PORTFOLIO (EXCLUDING IFRS 16): €698
MILLION, UP
BY €82 MILLION FOLLOWING THE ACQUISITION OF 5 CASINO
SUPERMARKETS IN THE SOUTH OF FRANCE
    * H1 NET INCOME EUR 5.4 MILLION VERSUS EUR 11.6 MILLION YEAR
AGO

Source text for Eikon:  ID:nGNE4lyTKK 
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