(ASCE) Ascencio (D) - Ratings and Ratios

Ascencio SA (ASCE), a Belgian real estate investment trust (REIT), specializes in commercial properties, primarily supermarkets and retail parks across Belgium, France, and Spain. Operating under the statuses of SIR, SIIC, and SOCIMI in respective countries, Ascencio emphasizes sustainable practices and responsible asset management. Their portfolio, valued at approximately €740 million, comprises over 100 properties spanning 450,000 m², yielding annual rents exceeding €50 million. Listed on Euronext Brussels, Ascencios market capitalization was €330 million as of December 31, 2023.

Strategically, Ascencio focuses on enhancing tenant relationships and employs a prudent financial approach, balancing acquisitions and property renovations to maintain long-term value. Their commitment to sustainability extends beyond regulatory compliance, integrating energy-efficient technologies and eco-friendly practices in their properties.

Over the next three months, Ascencios stock is expected to show stability with potential upside. The stock is trading near its moving averages (SMA 20: 44.65, SMA 50: 44.28, SMA 200: 44.23), indicating a balanced outlook. The low Average True Range (ATR: 0.78) suggests minimal volatility, supporting a smooth price movement. The price-to-book (P/B) ratio of 0.66 may attract value investors, potentially increasing demand. With a forward P/E of 11.20, slightly below the current P/E of 11.51, moderate earnings growth is anticipated. Thus, Ascencio may see gradual price appreciation, with a target near its SMA 20 of 44.65, offering a modest return in a stable market environment.