Stock info Ascencio | Filter  Basic-Info

Ascencio is a real estate investment trust (investment company having a fixed capital in real estate) which concentrates on investing in commercial areas located mainly in the periphery of cities. The company is active in Belgium and France. Ten sectors are represented, however, with a predominance in the food industry brands such as Champion, GB, Delhaize, Carrefour, Lidl, Leader Price, Grand Frais. Signs active in other sectors such Krefel, Mr. Bricolage, Zeeman, helps to diversify the portfolio for Ascencio. The company is listed on Euronext Brussels, Ascencio is developing a logical strategy to optimize its results over the long term which is also looked upon further to offer a stable return to all its shareholders. The Sicafis was incorporated as a company limited by shares with registered manager, partner, is a limited liability company Ascencio. The duties of the manager of the company are exercised by the Board of Directors of SA Ascencio.

Ascencio intends to operate efficiently, responsibly and profitably in the real estate sector commercially. The company has the appetite to grow and willingness to tackle new challenges as the company's goal is to build strong and lasting relationships with clients, based on mutual trust, cooperation and sharing. The enthusiasm in company boosts the audacity which drives the company to take risks, explore new avenues and know beyond failure. Ascencio's market knowledge, combined with the high quality of goods and their services, guarantees the performance over the long term. The SICAFI Ascencio is active in the field of commercial real estate as the result of a joint initiative of Carl and John Eric Mestdagh and AG Real Estate Asset Management. Ascencio's initial property portfolio resulting from the contributions of Groupe Mestdagh of AG Insurance, and five other contributors. Ascencio, since its inception expanded its portfolio of acquisitions in Belgium and particularly in France. Ascencio work solely in the interest of its shareholders and invests in a constant optical value creation. During the process of selection of properties, the company focuses on strict quality criteria.

Ascencio investing primarily in the commercial real estate market edge in Belgium and abroad. The retail periphery is characterized by housing developments consisting of several stores that share the same parking lot. The financial statements are based on the use of rigorous evaluation models organized around specific financial criteria. Every new investment must obtain a rating of course improving the average of the entire portfolio. Ascencio also looks at characteristics of leases, especially in the duration and quality of the tenant. Buying fully leased long-term tenants of the highest quality buildings, Ascencio lengthens the average maturity of its portfolio of leases, increased its average occupancy rate and reduces the risk of insolvency of tenants. As per the results declared in September 2012, Ascencio is having 4.172.875 number of shares with an intrinsic value of 45.03 Euro, with EPS of 2.41 Euro and a proposed dividend of 2.04 Euro.