Ascencio (ASCE) Q3 2026 earnings summary

Executive summary

• Achieved profitable growth through strategic acquisitions, notably Espace Shopping Hydrion in Belgium, now the largest asset in the portfolio.

• Completed a €15 million capital increase and diversified funding for acquisitions, including new bank credit lines and bond issuance.

• Maintained a high EPRA occupancy rate of 97.0% and continued prudent financial management amid a challenging European macroeconomic environment.

Financial highlights

• Rental income rose 1.5% year-over-year to €41.3 million, driven by rent indexation and recent acquisitions.

• EPRA earnings increased 0.4% to €28.1 million; EPRA earnings per share up 0.1% to €4.25.

• Net result stable at €26.4 million; net result per share at €3.99.

• Fair value of investment properties at €834.3 million, stable excluding investments/divestments.

• Debt ratio (EPRA LTV) at 44.8%; average cost of debt at 2.25%.

Outlook and guidance

• Focus on integrating new acquisitions and optimizing operational management.

• Expects to distribute a dividend at least in line with the previous year, barring major macroeconomic deterioration.