Brief: Ascencio H1 Rental Income Up At 23.15 Million Euros

Ascencio SA

11/06/2021 16:51

June 11 (Reuters) - ASCENCIO SCA  ASCC.BR :
    * H1 RENTAL INCOME EUR  23.15 MILLION VERSUS EUR 21.21
MILLION
YEAR AGO
    * H1 EPRA EARNINGS OF €15.24 MILLION, UP BY 4.4% (AFTER
COVID-19
IMPACT)
    * H1 VALUE OF PORTFOLIO (EXCLUDING IFRS 16): €699 MILLION,
UP BY
€8 MILLION COMPARED TO 30/09/2020
    * DEBT RATIO 50.0% AT 31/03/2021
    * END-H1 LOW AVERAGE COST OF DEBT: 1.85% (COMPARED WITH
1.86% AT
31/03/2020)
    * AT 31 MARCH 2021, OCCUPANCY RATE OF THE PORTFOLIO STOOD AT
96.0%, SLIGHTLY DOWN FROM 30 SEPTEMBER 2020 (97.7%)
    * SAYS IN VIEW OF THE GOOD RESULTS FOR THE 1ST HALF FY AND
PERFORMANCES OF PORTFOLIO, PROVIDING THERE ARE NO SIGNIFICANT
UNFORESEEN DEVELOPMENTS, ASCENCIO EXPECTS TO BE ABLE TO
DISTRIBUTE A DIVIDEND COMPARABLE WITH THAT OF LAST YEAR
    * SAYS THE SUCCESS OF VACCINATION CAMPAIGN NOW UNDER WAY
SHOULD
BRING SOME IMPROVEMENT TO THE RETAIL SECTOR
    * H1 OPERATING RESULT BEFORE RESULT ON PORTFOLIO WAS €18.60
MILLION (€17.36 MILLION FOR FIRST SIX MONTHS OF PREVIOUS
FINANCIAL YEAR)
    * H1 CONSOLIDATED NET RESULT CAME TO €19.11 MILLION, VERSUS
€5.35
MILLION AT 31 MARCH 2020

Source text for Eikon:  ID:nGNE5KPqYC 
Further company coverage:  ASCC.BR 

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