Mercialys: The Retail Real Estate Powerhouse of 2024!

Ladies and gentlemen, buckle up! We're diving headfirst into the world of retail real estate, and there's one company that's absolutely crushing it: Mercialys! This French powerhouse just dropped its 2024 Universal Registration Document, and let me tell you, the numbers are OFF THE CHARTS! We're talking about a company that's not just surviving, but THRIVING in an uncertain economic climate. So, let's get down to business and see what makes Mercialys the hottest ticket in town!



First things first, Mercialys' net recurrent earnings (NRE) are up by a whopping 3.8%! That's right, folks, we're talking about Euro 113.1 million in earnings, and Euro 1.21 per share. This is a company that's not just meeting its targets, but SMASHING THEM! And get this, their organic rental income growth is up by 3.9%! That's some serious growth, growth, GROWTH!

Now, let's talk about footfall and retailer sales. Mercialys is absolutely KILLING IT in this department. Their footfall is up by 2.7% compared to the national panel, and retailer sales are up by 2.1% year-on-year. That's right, folks, people are flocking to Mercialys' shopping centers like never before! And the best part? This trend is sustainable, thanks to Mercialys' robust financial structure and successful arbitrage policy.

But wait, there's more! Mercialys has been busy realigning its portfolio, focusing on dynamic French cities and divesting smaller, less strategic assets. This has resulted in a portfolio that's not just bigger, but BETTER! Their portfolio value is up by 1.3% like-for-like and year-on-year to Euro 2,761.2 million including transfer taxes. That's some serious value, value, VALUE!

And let's not forget about their financial health. Mercialys' loan to value ratio (LTV including transfer taxes) showed a 70bp improvement to 35.7% at December 31, 2024. This means they're in a strong position to resume investments in 2025, which can only mean one thing: MORE GROWTH!

So, what's the bottom line? Mercialys is a retail real estate powerhouse that's absolutely crushing it in 2024. With a strong focus on dynamic French cities, a diversified rental mix, and a robust financial structure, this company is poised for even more growth in the years to come. So, if you're looking for a retail real estate play that's absolutely ON FIRE, look no further than Mercialys! This is a company that's not just surviving, but THRIVING in an uncertain economic climate. So, do yourself a favor and get in on the action NOW!