Report
Florent Laroche-Joubert

Mercialys : Une reprise encourageante mais moins bien orientée en termes de réversion

>Une gestion locative en vue de pérenniser les cash-flows - La reprise opérationnelle de Mercialys démontre un rebond réel de ses centres commerciaux en France ainsi qu’une gestion active du management pour préserver son taux d’occupation alors que le contexte sanitaire a été particulièrement difficile (i.e. 3.5 mois de perturbation sur le S1 avec néanmoins 36% des commerces ouverts pendant le confinement) :Un CA commerçants en juin 2021 à 106% de celui de juin 2...
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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