Mercialys : Results in line with our expectations and confirmed asset resilience
>Gradual normalisation of business continues in H2 2021 - Mercialys turned in 2021 operating performances in line with the consensus and our expectations, with FFO per share of € 1.10 (+5.4% y-o-y) vs guidance for FFO per share to be at least stable:The activity indicators for its shopping centres presage a gradual return to pre-Covid levels. Retailer revenues returned to 99% of the 2019 level in comparable opening periods. For the full year, retailer revenues fe...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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