Mercialys set for best day in 4 months after FY target beat

Klepierre SA

15/02/2022 09:10

** Shares in Mercialys  MERY.PA  rise over 5% are on track
for their best day in four months after the shopping mall owner
sees further growth and beats its 2021 targets
    ** Mercialys is targeting 2022 growth of at least 2% in
funds from operations (FFO) per share, with a proposed dividend
at 85%-95% of the 2022 FFO
    ** For 2021, the group's FFO rose 5% per share, beating its
target to be at least stable compared to 2020, while its annual
net rental income climbed nearly 9% to 160 mln euros  ($181 mln)
    ** Mercialys also reported organic rental growth and a "very
strong turnaround in the EBITDA margin"
    ** Shares in French rivals Carmila  CARM.PA  and Klepierre
 LOIM.PA   are up 1.9% and 0.5%, respectively

($1 = 0.8818 euros)

 (Reporting by Sarah Morland)
 ((sarah.morland@tr.com
mailto:sarah.morland@thomsonreuters.com))