Mercialys : Caution and focus on keeping the balance sheet on an even keel in 2021!
>Areas of resilience for an activity that remains significantly affected - Although just 41% of its rental base is currently open due to the ongoing restrictions in France (i.e. closure of non-food stores in shopping centres of over 20,000m2), we think that in 2020 Mercialys had positive areas of resilience in the crisis due mainly to its positioning in terms of: 1/ the retail tenant mix (22% of large supermarkets and hypermarkets); 2/ the average size of its shopping...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.
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.
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