Brief: Ascencio Says It Faces COVID-19 Crisis With Solid Balance Sheet

Ascencio SA

14/04/2020 16:54

April 14 (Reuters) - ASCENCIO SCA  ASCC.BR :
    * UPDATE ON COVID-19
    * HAS SWITCHED FROM INVOICING QUARTERLY IN ADVANCE TO
MONTHLY
INVOICING OF RENT AND IS WORKING TO REDUCE RENTAL CHARGES AS
MUCH AS POSSIBLE.
    * THE OCCUPANCY RATE STOOD AT 97.1% AT 31 MARCH 2020
    * ASCENCIO HAS SOLID TENANT BASE, WITH 40% OF REVENUES BEING
GENERATED BY FOOD SECTOR, WHOSE OUTLETS REMAIN OPEN DURING
CRISIS
    * AT SIX-MONTHLY CLOSING DATE OF 31 MARCH 2020, NO
SIGNIFICANT
CHANGE IN FAIR VALUE OF GROUP'S ASSETS DUE TO CRISIS
    * COMPANY HAS CONFIRMED CREDIT LINES WITH BANKS FOR €303.5
MILLION, OF WHICH ONLY €10 MILLION FALL DUE IN THE NEXT 22
MONTHS
    * FACES CURRENT CONTEXT WITH ADVANTAGE OF A SOLID BALANCE
SHEET

Source text for Eikon:  ID:nGNE1tQ8rf 
Further company coverage:  ASCC.BR 

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