Merlin Properties : A broadly robust quarterly performance
>Operating performance (FFO/share € 0.16) underpins 2023 guidance (FFO/ share € 0.58) - Merlin Properties reported yesterday evening a very strong operating performance for Q1 2023 with FFO/share at € 0.16 (-5.6% y-o-y and +20.3% excluding the Tree portfolio divested in Q2 2022), which includes overall growth at constant scope (l-f-l) of +8.1% in gross leasing income, an occupancy rate of 94.8% (+35bp y-o-y; -28bp q-o-q) and a positive reversion rate in its three main...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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