Merlin Properties : A good operational dynamic in line with the medium-term strategy
>Dynamic rental activity and an ever improving occupancy rate - Merlin Properties has reported 2019 results slightly above the consensus, with FFO per share up 9.2% at € 0.67 (vs € 0.65 estimated), an EPRA NAV per share at € 15.60 (+5.4% yoy) in line with consensus (€ 15.82 estimated) and a TSR of 8.8%. The proposed dividend is € 0.52, in line with expectations for a 5.4% dividend yield and a reasonable 77% payout.These results were driven mainly by good rental t...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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