Merlin Properties : 2020 performance above expectations; low short-term visibility
>2020 operating performance above expectations - Merlin Properties has reported results very slightly above the consensus, with FFO per share down 16.2% at € 0.56 (vs € 0.55e and € 0.53 for the consensus) and an EPRA NTA per share of € 15.46 (+0.5% yoy). These results were driven chiefly by resilient rental activity and a stronger-than-expected contribution from logistics. Organic growth works out at 0.4% and includes a slightly lower occupancy rate of 94.2% (-57...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.