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Mercialys SA (MERY.PA)

MERY.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mercialys FY Rental Revenues Fell 2.4% To 185.3 Million Euros
Wednesday, 14 Feb 2018 11:42am EST 

Feb 14 (Reuters) - MERCIALYS SA ::MERCIALYS: 2017 RESULTS.FY ‍EPRA NAV UP +0.9% TO EURO 20.86/SHARE​.PROPOSAL FOR DISTRIBUTION OF A DIVIDEND OF EURO 1.09 PER SHARE FOR 2017.2018 OBJECTIVES: ORGANIC GROWTH EXCLUDING INDEXATION IS EXPECTED TO EXCEED +2%​.2018 OBJECTIVES FFO IS EXPECTED TO INCREASE BY AT LEAST +2%, EXCLUDING IMPACT OF REFINANCING BOND MATURING IN 2019, WHICH IS ESTIMATED AT AROUND EURO 6 MILLION NET OF POTENTIAL HEDGING.FY RENTAL REVENUES FELL -2.4% TO EURO 185.3 MILLION.+6.1% GROWTH IN FFO, EXCLUDING DISPOSALS COMPLETED IN 2017.FY INVOICED RENTS ARE DOWN -2.2% AT EURO 183.5 MILLION.  Full Article

Mercialys issues 150 million euros of bonds with a private placement
Wednesday, 25 Oct 2017 05:50am EDT 

Oct 25 (Reuters) - MERCIALYS SA ::MERCIALYS: EURO 150 MILLION BOND ISSUE WITH A PRIVATE PLACEMENT.‍NEW 10-YEAR BOND FINANCING LINE, HELPS EXTEND AVERAGE MATURITY OF MERCIALYS' DEBT​.‍DEUTSCHE BANK ACTED AS BOOKRUNNER​.‍OPERATION DOES NOT HAVE ANY IMPACT ON MERCIALYS' 2017 OBJECTIVES​.OPERATION IS FOR GENERAL CORPORATE PURPOSES, INCLUDING PARTIAL REFINANCING OF BOND ISSUE MATURING IN MARCH 2019.​.  Full Article

Mercialys confirms FY organic growth in invoiced rents to be over 2 pct
Tuesday, 17 Oct 2017 11:44am EDT 

Oct 17 (Reuters) - MERCIALYS SA :END-SEPT RENTAL REVENUE EUR ‍​137.8 MILLION VERSUS EUR 139.0 MILLION YEAR AGO.FOR FY, CONFIRMS ORGANIC GROWTH IN INVOICED RENTS EXCLUDING INDEXATION WILL BE OVER +2%‍​.TO PAY OUT A DIVIDEND FROM 85% TO 95% OF 2017 FFO.DIVIDEND TO BE AT LEAST STABLE COMPARED WITH THE DIVIDEND FOR 2016.  Full Article

Mercialys reports stable rental revenues at 93.1 million euros
Wednesday, 26 Jul 2017 11:52am EDT 

July 26 (Reuters) - Mercialys Sa :OUTLOOK FOR 2017: OBJECTIVE CONFIRMED FOR ORGANIC RENTAL INCOME GROWTH EXCLUDING INDEXATION OF OVER +2%.TO PAY OUT AN INTERIM DIVIDEND OF EURO 0.41 PER SHARE..CONTRACTION IN FFO WILL BE LESS THAN -5% ANNOUNCED AT START OF YEAR.DIVIDEND WILL BE PAID ON OCTOBER 23, 2017, AND CORRESPONDS TO 50% OF DIVIDEND DISTRIBUTED FOR 2016.FOR FULL YEAR, MERCIALYS EXPECTS ITS DIVIDEND TO RANGE FROM 85% TO 95% OF 2017 FFO.H1 RENTAL REVENUES TOTALED EURO 93.1 MILLION, STABLE COMPARED WITH FIRST HALF OF 2016.SEES ORGANIC RENTAL INCOME GROWTH EXCLUDING INDEXATION TO COME IN +2% COMPARED WITH 2016, IN LINE WITH OBJECTIVE SET IN FEBRUARY 2017.H1 INVOICED RENTS, UP +2.8% LIKE-FOR-LIKE EXCLUDING INDEXATION AND +0.2% ON A CURRENT BASIS TO EURO 92.1 MILLION.H1 EBITDA REPRESENTS EURO 79.3 MILLION, ALSO STABLE COMPARED WITH FIRST HALF OF 2016, WITH AN EBITDA MARGIN OF 85.2% (VERSUS. 85.4% AT JUNE 30, 2016)..SEES FFO TO CONTRACT BY LESS THAN -5% ANNOUNCED AT START OF YEAR.  Full Article

Mercialys FY EBITDA up 11.4 pct at 160.5 million euros
Tuesday, 14 Feb 2017 11:38am EST 

Mercialys SA : FY EBITDA 160.5 million euros versus 144.1 million euros year ago . In 2016 a 5.1 pct increase in NNNAV excluding transfer taxes to 20.22 euros per share . 2016 invoiced rents are up 13.1 pct to 187.6 million euros . Proposed dividend distribution of 1.06 euro per share for 2016 . Dividend will correspond to 85 pct to 95 pct of 2017 FFO . 2017 outlook: organic growth in invoiced rents excluding indexation is expected to exceed 2 pct .2017 outlook: FFO, reflecting asset disposals, should be down by about minus 5 pct, this trend could evolve based on schedule of disposals.  Full Article

Mercialys renews partnership with Medecins du Monde for 2017
Tuesday, 7 Feb 2017 12:44pm EST 

Mercialys SA : Mercialys renews its partnership with Medecins du Monde for 2017 Further company coverage: [MERY.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Mercialys rental revenues up +12.3 pct at end-September
Wednesday, 12 Oct 2016 11:39am EDT 

Mercialys SA : Rental revenues up +12.3 pct to 139.0 million euros ($155.69 million) at end-September .For whole year, Mercialys will pay out a dividend ranging from 85 pct to 95 pct of 2016 FFO.  Full Article

Mercialys H1 net rental income up at 87.1 million euros; reconfirms outlook
Wednesday, 27 Jul 2016 11:51am EDT 

Mercialys SA : H1 growth in invoiced rents: +14.0 pct to 91.9 million euros ($101.03 million) . H1 sustained growth in FFO: +3.3 pct to 58.7 million euros . H1 net rental income 87.1 million euros versus 77.2 million euros year ago . Outlook for 2016: Mercialys is reconfirming its targets for organic rental growth excluding indexation of over +2 pct and +2 pct FFO growth .Payment of an interim dividend of 0.43 euros.  Full Article

Mercialys buys two sites from Monoprix in Paris region
Thursday, 30 Jun 2016 11:51am EDT 

Mercialys SA : Acquisition of two sites for transformation from Monoprix in the Paris region . Investment represents a total of 69.6 million euros (including transfer tax), with an immediate yield rate of 5.6 pct . These two sites will be extensively redeveloped and residential development projects are already being looked into .Estimated 30 million euros of work and an IRR of around 9 pct.  Full Article

Mercialys sells 70 pct of asset in Rennes and Anglet site
Tuesday, 28 Jun 2016 11:49am EDT 

Mercialys SA : 70 pct of a redeveloped asset in Rennes and the Anglet site sold to an OPPCI investment fund subsidiary of Schroder European Real Estate Investment Trust . Transaction is based on a 100 pct valuation of these assets for 61.8 million euros ($68.26 million) (including transfer taxes), delivering an exit rate of 5.0 pct . 3.1 million euros of full-year rent generated by these assets .Overall IRR on this operation represents 9.0 pct.  Full Article

BRIEF-Mercialys Opens Three New Shopping Center Extensions

* MERCIALYS ROLLS OUT ITS ACCRETIVE PIPELINE, OPENING THREE NEW SHOPPING CENTER EXTENSIONS IN SAINT-ÉTIENNE, MORLAIX AND RENNES Source text for Eikon: Further company coverage: (Gdynia Newsroom:)