Mercialys : Greater visibility on the attractive dividend yield of 9%
>Stronger-than-expected resilience in asset value for FFO in line - Mercialys produced an operating performance that was broadly in line with expectations where 2022 FFO/share is concerned, which was slightly above the guidance at € 1.13 (+3.1% y-o-y) vs € 1.12 est. and the consensus at € 1.15 but with resilience in asset values that was stronger than expected (-0.8% over 6 months at constant scope): Retailers’ sales at 101% over 12M 2022 vs 2019: this level re...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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