Cash flow Ascencio SA CBOE

Stocks

ASCb

BE0003856730

Commercial REITs

Market Closed - CBOE 11:30:00 2026-09-18 EDT			5-day change	1st Jan Change
52.80 ^EUR	0.00%		+0.57%	-1.12%

09-09	Certain Ordinary Shares of Ascencio SA are subject to a Lock-Up Agreement Ending on 10-SEP-2026.	CI
07-17	Ascencio Concludes EUR33 Million Dual-tranche Bond Offering	MT

66e6cdeab49cead134bad31.NtSIpwwBC9XofFDh0VdP2K9lwMDBskok3HEAOwK7X6Q.b6H_-ER7YJqZSBq7vxhimewM-Yuu-XhXnh9zVm_MEpBgm6WXaTczu68KJw

Published financial data: ASCENCIO SA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Rental Revenues	46.28M	47.85M	51.32M	53.34M	53.87M
Tenant Reimbursements	6.89M	7.6M	8.85M	8.18M	8.62M
Other Revenues, Total	35K	-239K	-26K	-15K	-118K
Total Revenues	53.21M	55.2M	60.14M	61.51M	62.37M
Property Expenses	10.63M	10.6M	12.84M	12.47M	13.01M
Selling General & Admin Expenses, Total	3.77M	4.75M	4.88M	5.51M	5.27M
Other Operating Expenses	310K	1K	-1K	-	-3K
Total Operating Expenses	14.7M	15.35M	17.72M	17.98M	18.28M
Operating Income (REIT / Utility Template)	38.5M	39.86M	42.43M	43.53M	44.09M
Interest Expense, Total	-5.88M	-5.71M	-9.91M	-13.5M	-10.65M
Interest and Investment Income	-	-	-	6K	4K
Net Interest Expenses	-5.88M	-5.71M	-9.91M	-13.49M	-10.64M
Other Non Operating Income (Expenses)	-428K	-421K	3.84M	6.51M	4.26M
EBT, Excl. Unusual Items	32.19M	33.73M	36.35M	36.55M	37.7M
Gain (Loss) on Sale of Investments	5.7M	38.14M	-1.54M	-16.4M	-2.41M
Gain (Loss) on Sale of Assets	-	-159K	-	1K	1.06M
Asset Writedown	9.84M	23.8M	-745K	5.96M	77K
Other Unusual Items	-1.26M	524K	-	-	-
EBT, Incl. Unusual Items	46.47M	96.03M	34.06M	26.12M	36.43M
Income Tax Expense	815K	5.37M	257K	602K	793K
Earnings From Continuing Operations	45.65M	90.65M	33.81M	25.52M	35.64M
Net Income to Company	45.65M	90.65M	33.81M	25.52M	35.64M
Net Income - (IS)	45.65M	90.65M	33.81M	25.52M	35.64M
Net Income to Common Incl Extra Items	45.65M	90.65M	33.81M	25.52M	35.64M
Net Income to Common Excl. Extra Items	45.65M	90.65M	33.81M	25.52M	35.64M
Per Share Items
Net EPS - Basic	6.92	13.74	5.13	3.87	5.4
Basic EPS - Continuing Operations	6.92	13.74	5.13	3.87	5.4
Basic Weighted Average Shares Outstanding	6.6M	6.6M	6.6M	6.6M	6.6M
Net EPS - Diluted	6.92	13.74	5.13	3.87	5.4
Diluted EPS - Continuing Operations	6.92	13.74	5.13	3.87	5.4
Diluted Weighted Average Shares Outstanding	6.6M	6.6M	6.6M	6.6M	6.6M
Normalized Basic EPS	3.05	3.2	3.44	3.46	3.57
Normalized Diluted EPS	3.05	3.2	3.44	3.46	3.57
Dividend Per Share	3.7	3.95	4.15	4.3	4.45
Payout Ratio	52.74	26.92	77.07	107.27	79.59
Supplemental Items
EBITDA	38.58M	39.89M	42.45M	43.65M	44.27M
EBITA	38.5M	39.86M	42.43M	43.62M	44.15M
EBIT	38.5M	39.86M	42.43M	43.53M	44.09M
Effective Tax Rate - (Ratio)	1.75	5.6	0.75	2.3	2.18
Current Domestic Taxes	-	-	-	3K	103K
Current Foreign Taxes	-	-	-	362K	412K
Total Current Taxes	372K	478K	342K	365K	515K
Deferred Domestic Taxes	-	-	-	-	-101K
Deferred Foreign Taxes	-	-	-	-	329K
Total Deferred Taxes	443K	4.9M	-85K	237K	228K
Normalized Net Income	20.12M	21.08M	22.72M	22.84M	23.56M
Supplemental Operating Expense Items
Marketing Expenses	9K	271K	219K	310K	366K
Selling and Marketing Expenses	9K	271K	219K	310K	366K
General and Administrative Expenses	3.76M	4.48M	4.66M	5.2M	4.91M
Maintenance & Repair Expenses, Total	911K	534K	666K	631K	669K

Fiscal Period: September	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Net Property Plant And Equipment	714M	739M	741M	750M	747M
Total Real Estate Assets	714M	739M	741M	750M	747M
Cash And Equivalents	3.71M	4.36M	5.42M	3.07M	2.84M
Accounts Receivable, Total	5.77M	4.96M	5.56M	6.12M	5.26M
Other Receivables	703K	523K	564K	4.18M	565K
Investment In Debt and Equity Securities	1.35M	31.51M	30.67M	16.14M	14.18M
Other Intangibles, Total	-	24K	236K	375K	459K
Other Current Assets, Total	2.89M	2.09M	2.25M	259K	2.36M
Trading Asset Securities, Total	-	885K	867K	926K	666K
Other Long-Term Assets, Total	-	-2K	2K	-	-
Total Assets	728M	783M	786M	781M	774M
Liabilities
Current Portion of Long-Term Debt	7.89M	27.24M	23.08M	75.78M	49.33M
Current Portion of Leases	166K	45K	-	-	-
Short-Term Borrowings	47M	30.75M	34.75M	39.5M	20.25M
Long-Term Debt	282M	265M	258M	192M	223M
Long-Term Leases	4.34M	3.82M	4.38M	4.42M	4.37M
Accounts Payable, Total	5.56M	4.82M	6.03M	5.3M	9.51M
Accrued Expenses, Total	6.21M	6.04M	6.07M	9M	4.38M
Current Income Taxes Payable	-	-	-	-	1.23M
Unearned Revenue, Current	515K	78K	212K	197K	46K
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	1K	1K	-	-	49K
Deferred Tax Liability Non-Current	1.28M	6.17M	6.08M	6.52M	6.74M
Other Non Current Liabilities	2.61M	2.48M	2.81M	5.06M	4.11M
Total Liabilities	358M	346M	342M	338M	323M
Common Stock, Total	39.58M	39.58M	39.58M	39.58M	39.58M
Additional Paid In Capital	253M	253M	253M	253M	253M
Retained Earnings	45.65M	90.65M	33.81M	25.52M	35.64M
Comprehensive Income and Other	31.77M	53.43M	118M	124M	122M
Total Common Equity	370M	437M	445M	443M	450M
Total Equity	370M	437M	445M	443M	450M
Total Liabilities And Equity	728M	783M	786M	781M	774M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.6M	6.6M	6.6M	6.6M	6.6M
ECS Total Common Shares Outstanding	6.6M	6.6M	6.6M	6.6M	6.6M
Book Value / Share	56.15	66.25	67.43	67.15	68.25
Tangible Book Value	370M	437M	445M	443M	450M
Tangible Book Value Per Share	56.15	66.25	67.39	67.09	68.18
Total Debt	342M	327M	320M	312M	297M
Net Debt	338M	321M	314M	308M	294M
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	18	21	22	21	22
Accumulated Allowance for Doubtful Accounts (Supple)	921K	422K	599K	751K	923K

Fiscal Period: September	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	45.65M	90.65M	33.81M	25.52M	35.64M
Depreciation, Depletion & Amortization	82K	35K	24K	27K	120K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	92K	61K
Total Depreciation, Depletion & Amortization	82K	35K	24K	119K	181K
Amortization of Deferred Charges, Total	-	-	-	-	-
(Gain) Loss On Sale of Asset - (CF)	-	159K	-	-300K	-1.52M
Total Asset Writedown	-9.83M	-23.49M	750K	-5.91M	-76K
Provision and Write-off of Bad Debts	105K	-499K	185K	149K	167K
Change in Accounts Receivable	1.56M	1.01M	-790K	-769K	695K
Change in Accounts Payable	231K	-1.84M	1.15M	2.64M	-958K
Change In Income Taxes	34K	-311K	-212K	-529K	604K
Change In Deferred Taxes	443K	4.9M	-85K	238K	228K
Change in Other Net Operating Assets (Collected)	-728K	-37.86M	1.77M	15.07M	4.03M
Other Operating Activities	463K	6.16M	6.84M	7.31M	7M
Cash from Operations	38.01M	38.9M	43.44M	43.53M	45.98M
Acquisition of Real Estate Assets, Total	-8.29M	-463K	-38K	-8.23M	-375K
Sale of Real Estate Assets, Total	-	1.31M	-	-	5.58M
Net Sale / Acquisition of Real Estate Assets	-8.29M	846K	-38K	-8.23M	5.21M
Cash Acquisitions	-	-	-	-	114K
Purchase / Sale of Intangible Assets	-	-24K	-212K	-	-144K
Investment in Marketable and Equity Securities, Total	-1.59M	-1.09M	-2.87M	5.15M	-1.7M
Other Investing Activities, Total	1K	-572K	-1K	186K	-
Cash from Investing	-9.88M	-842K	-3.12M	-2.9M	3.48M
Long-Term Debt Issued, Total	642K	-	-	-	96.9M
Total Debt Issued	642K	-	-	-	96.9M
Long-Term Debt Repaid, Total	-	-6.81M	-6.77M	-8.96M	-111M
Total Debt Repaid	-	-6.81M	-6.77M	-8.96M	-111M
Common Dividends Paid	-24.08M	-24.4M	-26.05M	-27.37M	-28.36M
Common & Preferred Stock Dividends Paid	-24.08M	-24.4M	-26.05M	-27.37M	-28.36M
Other Financing Activities, Total	-5.7M	-6.19M	-6.43M	-6.66M	-6.89M
Cash from Financing	-29.13M	-37.41M	-39.26M	-42.99M	-49.69M
Miscellaneous Cash Flow Adjustments	-1K	-	-	-	-
Net Change in Cash	-1M	650K	1.07M	-2.35M	-231K
Supplemental Items
Cash Interest Paid	6.1M	6.06M	6.84M	7.28M	6.73M
Cash Income Tax Paid (Refund)	512K	446K	347K	339K	411K
Net Debt Issued / Repaid	642K	-6.81M	-6.77M	-8.96M	-14.44M
Levered Free Cash Flow	20.37M	21.78M	20.67M	18.64M	24.03M
Unlevered Free Cash Flow	24.04M	25.35M	26.87M	27.08M	30.68M
Change In Net Working Capital	82K	-450K	-577K	17K	-3.09M

Fiscal Period: September	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	3.35	3.3	3.38	3.47	3.55
Return on Total Capital	3.42	3.38	3.47	3.58	3.67
Return On Equity %	12.7	22.46	7.67	5.75	7.98
Return on Common Equity	12.7	22.46	7.67	5.75	7.98
Margin Analysis
Gross Profit Margin %	80.03	80.81	78.65	79.72	79.14
SG&A Margin	7.08	8.61	8.11	8.95	8.45
EBITDA Margin %	72.52	72.26	70.58	70.96	70.98
EBITA Margin %	72.36	72.2	70.54	70.92	70.79
EBIT Margin %	72.36	72.2	70.54	70.77	70.69
Income From Continuing Operations Margin %	85.8	164.21	56.21	41.48	57.14
Net Income Margin %	85.8	164.21	56.21	41.48	57.14
Net Avail. For Common Margin %	85.8	164.21	56.21	41.48	57.14
Normalized Net Income Margin	37.82	38.18	37.78	37.14	37.78
Levered Free Cash Flow Margin	38.28	39.45	34.37	30.31	38.53
Unlevered Free Cash Flow Margin	45.19	45.92	44.67	44.02	49.2
Asset Turnover
Asset Turnover	0.07	0.07	0.08	0.08	0.08
Fixed Assets Turnover	0.08	0.08	0.08	0.08	0.08
Receivables Turnover (Average Receivables)	8.05	10.34	11.45	10.54	10.98
Short Term Liquidity
Current Ratio	0.19	0.19	0.21	0.11	0.14
Quick Ratio	0.15	0.16	0.18	0.11	0.11
Operating Cash Flow to Current Liabilities	0.56	0.56	0.62	0.34	0.54
Days Sales Outstanding (Average Receivables)	45.35	35.32	31.88	34.73	33.23
Average Days Payable Outstanding	185.23	178.81	154.2	166.25	275.52
Long Term Solvency
Total Debt/Equity	92.22	74.76	72.06	70.37	66.04
Total Debt / Total Capital	47.98	42.78	41.88	41.3	39.77
LT Debt/Equity	77.35	61.48	59.06	44.34	50.59
Long-Term Debt / Total Capital	40.24	35.18	34.32	26.03	30.47
Total Liabilities / Total Assets	49.13	44.21	43.45	43.26	41.8
EBIT / Interest Expense	6.55	6.98	4.28	3.23	4.14
EBITDA / Interest Expense	6.56	6.99	4.28	3.23	4.16
(EBITDA - Capex) / Interest Expense	6.56	6.98	4.28	3.22	4.16
Total Debt / EBITDA	8.85	8.19	7.55	7.14	6.72
Net Debt / EBITDA	8.76	8.06	7.4	7.05	6.64
Total Debt / (EBITDA - Capex)	8.86	8.19	7.56	7.18	6.72
Net Debt / (EBITDA - Capex)	8.76	8.06	7.41	7.09	6.64
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.52	3.36	8.94	2.28	1.39
Gross Profit, 1 Yr. Growth %	3.62	4.12	4.8	3.68	1.14
EBITDA, 1 Yr. Growth %	3.53	3.39	5.03	2.83	1.41
EBITA, 1 Yr. Growth %	3.53	3.52	5.06	2.83	1.2
EBIT, 1 Yr. Growth %	3.53	3.52	5.06	2.61	1.27
Earnings From Cont. Operations, 1 Yr. Growth %	393.75	98.57	-62.71	-24.52	39.66
Net Income, 1 Yr. Growth %	393.75	98.57	-62.71	-24.52	39.66
Diluted EPS Before Extra, 1 Yr. Growth %	393.75	98.57	-62.71	-24.52	39.66
Normalized Net Income, 1 Yr. Growth %	2.04	4.76	6.13	0.55	3.15
Net Property, Plant and Equip., 1 Yr. Growth %	2.63	3.55	0.26	1.17	-0.31
Accounts Receivable, 1 Yr. Growth %	-22.42	-14.15	12.11	10.15	-14.1
Total Assets, 1 Yr. Growth %	2.49	7.59	0.4	-0.74	-0.91
Common Equity, 1 Yr. Growth %	6.19	18	1.77	-0.41	1.64
Tangible Book Value, 1 Yr. Growth %	6.19	17.99	1.73	-0.45	1.62
Cash From Operations, 1 Yr. Growth %	12.63	2.35	11.67	0.21	5.63
Capital Expenditures, 1 Yr. Growth %	4.76	9.09	58.33	507.89	-
Levered Free Cash Flow, 1 Yr. Growth %	3.92	6.94	-6.49	-9.81	35.73
Unlevered Free Cash Flow, 1 Yr. Growth %	4.92	5.43	4.64	0.79	17.39
Dividend Per Share, 1 Yr. Growth %	1.37	6.76	5.06	3.61	3.49
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.46	3.64	6.12	5.56	1.83
Gross Profit, 2 Yr. CAGR %	6.38	4.19	5.07	4.24	2.15
EBITDA, 2 Yr. CAGR %	5.13	3.46	4.89	3.93	2.12
EBITA, 2 Yr. CAGR %	5.11	3.52	4.97	3.94	2.01
EBIT, 2 Yr. CAGR %	5.11	3.52	4.97	3.83	1.94
Earnings From Cont. Operations, 2 Yr. CAGR %	46.24	213.12	-13.95	-46.95	2.67
Net Income, 2 Yr. CAGR %	46.24	213.12	-13.95	-46.95	2.67
Diluted EPS Before Extra, 2 Yr. CAGR %	46.24	213.12	-13.95	-46.95	2.67
Normalized Net Income, 2 Yr. CAGR %	3.45	3.39	6.26	3.3	1.84
Net Property, Plant and Equip., 2 Yr. CAGR %	6.93	3.09	1.89	0.72	0.43
Accounts Receivable, 2 Yr. CAGR %	18.56	-18.39	-1.9	11.12	-2.73
Total Assets, 2 Yr. CAGR %	7.01	5.01	3.93	-0.17	-0.82
Common Equity, 2 Yr. CAGR %	0.99	11.94	9.59	0.67	0.61
Tangible Book Value, 2 Yr. CAGR %	0.99	11.93	9.56	0.63	0.58
Cash From Operations, 2 Yr. CAGR %	8.29	7.36	6.91	5.78	2.88
Capital Expenditures, 2 Yr. CAGR %	-62.33	6.9	31.43	210.24	-
Levered Free Cash Flow, 2 Yr. CAGR %	3.95	5.42	0.75	-8.16	7.81
Unlevered Free Cash Flow, 2 Yr. CAGR %	5.54	5.17	5.71	2.7	6.86
Dividend Per Share, 2 Yr. CAGR %	2.82	4.03	5.91	4.34	3.55
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.85	4.89	5.38	4.82	4.15
Gross Profit, 3 Yr. CAGR %	3.55	5.84	4.8	4.61	3.03
EBITDA, 3 Yr. CAGR %	3.55	4.55	4.43	4.2	3.08
EBITA, 3 Yr. CAGR %	3.49	4.58	4.49	4.25	3.02
EBIT, 3 Yr. CAGR %	3.49	4.58	4.49	4.18	2.97
Earnings From Cont. Operations, 3 Yr. CAGR %	10.3	61.94	54.06	-17.63	-26.74
Net Income, 3 Yr. CAGR %	10.3	61.94	54.06	-17.63	-26.74
Diluted EPS Before Extra, 3 Yr. CAGR %	10.3	61.94	54.06	-17.63	-26.74
Normalized Net Income, 3 Yr. CAGR %	4.82	3.88	4.84	4.32	3.25
Net Property, Plant and Equip., 3 Yr. CAGR %	4.79	5.79	2.14	1.65	0.37
Accounts Receivable, 3 Yr. CAGR %	10.26	6.46	-9.28	1.96	1.98
Total Assets, 3 Yr. CAGR %	4.87	7.2	3.45	2.35	-0.42
Common Equity, 3 Yr. CAGR %	0.58	6.37	8.44	6.15	1
Tangible Book Value, 3 Yr. CAGR %	0.58	6.37	8.42	6.12	0.96
Cash From Operations, 3 Yr. CAGR %	5.42	6.27	8.78	4.63	5.73
Capital Expenditures, 3 Yr. CAGR %	-	-46.3	21.86	118.98	-
Levered Free Cash Flow, 3 Yr. CAGR %	6.74	4.94	1.8	-2.9	2.82
Unlevered Free Cash Flow, 3 Yr. CAGR %	5.07	5.51	5.45	4.05	6.12
Dividend Per Share, 3 Yr. CAGR %	2.86	4.11	4.37	5.14	4.05
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.59	3.31	4.83	5.16	3.94
Gross Profit, 5 Yr. CAGR %	3.36	3.47	4.28	5.44	3.73
EBITDA, 5 Yr. CAGR %	3.21	3.1	4.08	4.57	3.5
EBITA, 5 Yr. CAGR %	3.18	3.1	4.08	4.6	3.49
EBIT, 5 Yr. CAGR %	3.18	3.1	4.08	4.55	3.46
Earnings From Cont. Operations, 5 Yr. CAGR %	2.56	17.09	-0.13	3.63	30.98
Net Income, 5 Yr. CAGR %	2.56	17.09	-0.13	3.63	30.98
Diluted EPS Before Extra, 5 Yr. CAGR %	1.83	16.73	-0.13	3.63	30.98
Normalized Net Income, 5 Yr. CAGR %	4.84	4.8	5.4	3.97	3.63
Net Property, Plant and Equip., 5 Yr. CAGR %	4.47	3.74	3.62	3.73	1.45
Accounts Receivable, 5 Yr. CAGR %	4.63	4.38	5.22	8.3	-6.71
Total Assets, 5 Yr. CAGR %	4.54	4.61	4.49	4.19	1.72
Common Equity, 5 Yr. CAGR %	3.09	4.76	4.09	4.05	5.24
Tangible Book Value, 5 Yr. CAGR %	3.1	4.77	4.08	4.04	5.22
Cash From Operations, 5 Yr. CAGR %	3.11	2.52	6.01	6.08	6.38
Capital Expenditures, 5 Yr. CAGR %	25.74	-45.69	-	8.31	-
Levered Free Cash Flow, 5 Yr. CAGR %	0.68	8.45	4.3	-0.22	4.16
Unlevered Free Cash Flow, 5 Yr. CAGR %	-0.18	5.94	5.32	4.64	6.01
Dividend Per Share, 5 Yr. CAGR %	2.95	3.66	4.07	4.2	4.04