Mercialys' positioning adapted to a macroeconomic environment putting purchasing power at the heart of household concerns Robust letting activity supporting rental income growth and reducing the
Mercialys: 2021 First-half Results finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Mercialys 2021 First-quarter Activity: Start of the Year Still Significantly Marked by the Health Crisis
Mercialys focused in priority on maintaining operational management efforts and protecting its balance sheet positions
Regulatory News:
Vincent Ravat, Mercialys Chief Executive Officer: The health crisis that began in 2020 is continuing in 2021, with deep impacts linked to the government s decisions to close stores. Since the start of January 2021, France has successively been faced with local then national curfews, restrictions on opening shopping centers and stores considered to be non-essential over 20,000 sq.m, then 10,000 sq.m, and, more recently, a third national lockdown, with all stores classed as non-essential closed regardless of their size. These restrictions on trading, which are unprecedented in terms of their duration, are due to be accompanied by government support measures for retailers, aiming in particular to allow them to honor their rent payments, but t
Mercialys: 2020 Results
Mercialys (Paris:MERY):
Balance sheet positions effectively under control. Significant asset sales completed at end-December 2020, with a net cash-in of around Euro 150 million. Four Monoprix stores and two hypermarkets sold to leading institutional investors, highlighting their interest in retail assets that generate sustainable cashflows.
Loan to value (LTV) ratio excluding transfer taxes of 38.1%, down -302bp from end-June 2020. LTV including transfer taxes of 35.8%
Portfolio value resilient, consolidated by asset disposals. Limited contraction in the portfolio value including transfer taxes, with -2.3% like-for-like over six months and -5.5% over 12 months. Average appraisal yield rate of 5.72% vs. 5.49% at end-June 2020 and 5.26% at end-December 2019. EPRA NDV of Euro 18.42 per share, -7.4% over six months and -7.9% over 12 months