Merlin Properties : 9M 2024: FFO for 2024 should be better than expected
>FFO per share for 9M 2024 at € 0.41 (-11.1% y-o-y), above our forecasts (€ 0.39 est.) - Merlin Properties yesterday evening reported a performance for 9M 2024 above our forecasts with FFO per share of € 0.41 € (-11.1% y-o-y) vs € 0.39 est. which includes overall growth at constant scope (l-f-l) of +2.7% in gross rental income, an occupancy rate of 95.6% (+16bp q-o-q) and broadly positive reversion: Offices (54% of gross rents in 9M 2024; l-f-l +2.5%): this trend...Merlin Properties SOCIMI SA is a Spain-based company engaged in the operation of a real estate investment trust (REIT). The Company focuses on the acquisition, management and rental of commercial properties located in the Iberian Peninsula, primarily in Spain. The Company's activities are divided into the following segments: Office buildings, operating a portfolio of office space; High-street retail, engaged in leasing retail stores; Shopping centers, engaged in managing department stores; Logistics, operating logistics warehouses and distribution centers, and Others. The Company's other activities include property management services rendered to third parties.
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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