Mercialys : Trajectory broadly in line with our assumptions
>Operating performance impacted but encouraging as lockdown measures are eased - As expected, the H1 2020 figures published by Mercialys reflect the public health crisis but its operating indicators are encouraging as lockdown measures are lifted. Even though the group benefited from the fact that a larger share (40%) of its tenants were able to remain open during the two months of lockdown than at its peers, its average footfall in H1 2020 decreased by -27.4% y-o-y (...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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