Report
Florent Laroche-Joubert

Mercialys : A gradual recovery in business, in line with our expectations

>Continuing gradual normalisation in business - The figures reported by Mercialys for Q3 2021 (rental revenue of € 128.6m vs € 126.2m est., -2.9% l-f-l and -7.1% y-o-y) reflect the continuing gradual normalisation in business for its shopping centres 100% in France, in a context in which their activity was further disrupted in August and September:Footfall and retailer revenues slightly below the levels seen in 2020: these two lead indicators for Mercialys are st...
Underlying
Mercialys SA

Mercialys is a real estate company, specialized in the transformation and management of shopping centers. Co. manages a portfolio of 91 properties located throughout France at Dec 31, 2013. Co.'s assets are classified into three categories: large regional shopping centers (GLA of over 365,800 sq. m.), neighborhood shopping centers (GLA of over 181,600 sq. m.), and Other assets (40,900 sq. m.). At Dec. 31, 2013, the portfolio comprised 25 large regional shopping centers, 36 neighborhood shopping centers, and 18 other sites such as food stores, specialty stores, independent cafeterias, service malls, and convenience stores, representing a total gross leasable area of about 588,300 sq. m.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Florent Laroche-Joubert

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