Report
Florent Laroche-Joubert

Mercialys : A particularly robust model with a dividend yield of 12.0%

>Continued positive operational momentum in Q3 2023 - The figures published by Mercialys for 9M 2023 reflect the continuation of the post-crisis recovery for its shopping arcades but also the robustness of its model in a context in which purchasing power in France has come under pressure. The group posted rental income of € 132.2m (vs 132.3m est.) for 9M 2023 with growth at constant scope of +2.4% following the divestments made in 2022:Rents showed organic grow...
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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