Oddo BHF - Mercialys (MERY) Mercialys : Management between a well-positioned asset portfolio in the regions and a complicated shareholder situation

Report

Florent Laroche-Joubert

Mercialys : Management between a well-positioned asset portfolio in the regions and a complicated shareholder situation

>Road show in Paris: a high-quality portfolio, caution on development projects and still-close ties with the Casino group - We accompanied the CEO and deputy CEO of Mercialys on a roadshow in Paris at the end of last week.The CEO particularly attributed the group’s good operating performance in H1 2019 (organic rental revenue growth of 3.6% y-o-y) and the relative stability of the average yield on its portfolio (5.20% vs 5.10% at end-2018) to the quality of its p...

31/07/2019 7 EN

Underlying

Mercialys

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.

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FR0010241638 Real Estate Euronext Paris France

Provider

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.

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Analysts

Florent Laroche-Joubert

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Mercialys : Management between a well-positioned asset portfolio in the regions and a complicated shareholder situation

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