Report
Florent Laroche-Joubert

Mercialys : Lower risk profile in a still-uncertain environment

>Relative resilience in a still-uncertain environment - We met Vincent Ravat (CEO) and Alexandre Leroy (HIR) at their annual road show in Amsterdam on 22 February.The management are broadly confident that Mercialys has the resilience to continue to weather the crisis on the operating and balance sheet levels even though retail property companies today face a highly uncertain climate in France:Since 2014 the company has so far anticipated the new consumption ...
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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