Report
Florent Laroche-Joubert

Merlin Properties : Une performance 2020 supérieure aux attentes et visibilité faible à CT !

>Une performance opérationnelle 2020 au-dessus des attentes - Merlin Properties publie des résultats très légèrement au-dessus du consensus, avec un FFO/action en baisse de 16.2 % à 0.56 € (vs. 0.55 €e et cons à 0.53€) et un EPRA NTA / action à 15.46 € (+0.5 % yoy). Ces résultats sont principalement portés par une activité locative résiliente et une contribution de la logistique plus forte qu’attendu. La croissance à périmètre constant (pc) s’établit à +0.4% et i...
Underlying
MERLIN Properties SOCIMI S.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Florent Laroche-Joubert

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