Report
Florent Laroche-Joubert

Mercialys : Situation still complicated despite operating performance in line with forecasts

>Operating performance in line with estimates - Following the H1 2019 release, Mercialys can confirm its operating targets for 2019, i.e. 1/ growth of close to +3% at constant scope, 2/ an increase of at least 4% in FFO per share; and 3/ dividend at least stable with a payout ratio of 85-95%. Mercialys has delivered an operating performance in line with forecasts. This includes growth of 3.6% at constant scope (of which +1.7% excluding indexation) with uplift of ...
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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