Report
Florent Laroche-Joubert

Mercialys : Operating resilience in an unsettled context in France

>Resilient operating performance despite disruptions in the quarter - Mercialys’ rental revenue came in at € 43.5m in Q1 2023, virtually flat on current scope (i.e. +0.2% vs Q1 2022) following the disposals made in 2022. On constant scope, this reflects the continuation and end of the normalisation of business in an unsettled social context in France:Retailer sales excluding hypermarkets up +6% y-o-y: this figure reflects the recovery momentum for Mercialys’ shop...
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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