Merlin Properties : Strong operational momentum in all segments
>Improvement in the occupancy rate beats expectations - At the end of last week Merlin Properties published a very good operational performance for 9M 2022 with FFO/share for 9M 2022 at € 0.48 (+11% vs 9M 2021) which included growth a constant scope (l-f-l) of +7% for 9M 2022, an occupancy rate up +105bp to 95.1% y-o-y (+0.07% q-o-q) and a positive reversion rate of above +5% based on a significant rental activity.Office property (58% of the portfolio; l-f-l +5.6...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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