Report
Florent Laroche-Joubert

Mercialys : Business back to normal, in line with expectations

>Operating performance reflecting the return of business to normal - Mercialys has reported FFO per share of € 0.61 (+1.6% yoy) vs € 0.56e and EPRA NTA of € 18.24 per share (-0.6% over 6 months). We believe that this performance illustrates the return to normal of post-health crisis business:H1 2022 retailer sales were at 98.1% of their H1 2019 level: this reflects the return to normal of retailer sales following the health crisis, while the footfall of 88.7% 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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