Report
Florent Laroche-Joubert

Mercialys : Progress to be confirmed on rent collection and the disposal of liquid assets with a view to securing the situation

>An encouraging performance from the shopping centres before the resurgence of the epidemic - Rental income billed by Mercialys for 9M 2020 came in at € 138.3m, down -0.5% at constant scope (including indexation of +1.6%) and -2.4% y-o-y at current scope. These results reflect two different trends: 1/ Encouraging trends in the summer: Mercialys’ shopping centres continued to outperform the national indices with average footfall for July and August 2020 at -9.0% ...
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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