"Total dividends for the year will reach Rs 437m, the highest since the creation of the company. This reflects the strength of our malls, our tenants, and our team”, declares Frédéric Tyack, CEO of Ascencia.
Management has been very active during the period and efforts have been rewarded by the low level of vacancies and strong collection rate across the portfolio. This enables us to increase shareholders’ return by declaring a final dividend distribution of Rs 257m, representing 13% increase as compared to last financial year.  This represents a final dividend per share of Rs 0.53 (2021: Rs 0.47).

Ascencia continues its strong and reliable operating performance in the second half-year of 2022. Key performance indicators have been encouraging with improvement in average footfall, healthy trading densities, and rent-to-turnover ratios across the portfolio. Leases were renewed successfully at Bagatelle Mall and Phoenix Mall at commendable rent reversion rates. 

Moreover, Ascencia has successfully restructured its bank loan, with a rating of AA- by CARE to reduce its cost of debt and improved its maturity profile. 

Investors Relation contacts:

Belinda Wong-Vacher
Chief Fund Management Executive
(230) 54 97 29 52
Belinda.vacher@rogers.mu 

    
Daryl Pitchen
Investment Manager
(230) 57 47 66 08
Daryl.pitchen@rogers.mu