Brief: Mercialys H1 EBITDA Down At 78.1 Million Euros, FY Objectives Revised

Mercialys SA

27/07/2020 17:43

July 27 (Reuters) - MERCIALYS SA  MERY.PA :
    * MERCIALYS: 2020 FIRST-HALF RESULTS
    * H1 EPRA NNNAV OF EURO 19.90 PER SHARE
    * FY FFO PER SHARE IS EXPECTED TO CONTRACT BY 10% AND 15%
COMPARED
WITH 2019
    * GOOD RESILIENCE FOR FIRST-HALF RESULTS, DESPITE IMPACTS OF
AN
UNPRECEDENTED HEALTH CRISIS ON Q2'S RECOVERY RATE, LOAN TO VALUE
RATIO AND OUTLOOK
    * 2020 OBJECTIVES REVISED: ORGANIC GROWTH NO LONGER SEEMS TO
BE A
RELEVANT INDICATOR FOR 2020
    * FY DIVIDEND WILL RANGE FROM 70% TO 95% OF 2020 FFO
    * H1 FUNDS FROM OPERATIONS (FFO) STABLE COMPARED WITH FIRST
HALF
OF 2019 AT EURO 63.0 MILLION
    * IN Q4 2020, BOARD OF DIRECTORS WILL DECIDE ON A POTENTIAL
INTERIM DIVIDEND PAYMENT BEFORE END OF YEAR
    * H1 RENTAL REVENUES CAME TO EURO 92.0 MILLION, DOWN -3.6%
COMPARED WITH FIRST HALF OF 2019
    * H1 EBITDA EUR 78.1 MILLION VERSUS EUR 81.5 MILLION YEAR
AGO
    * H1 NET RENTAL INCOME EUR 85.6 MILLION VERSUS EUR 89.1
MILLION
YEAR AGO
    * H1 INVOICED RENTS DOWN -0.8% LIKE-FOR-LIKE, SIGNIFICANTLY
AFFECTED BY THE HEALTH CRISIS

Source text for Eikon:  ID:nBw3sFd3ka 
Further company coverage:  MERY.PA 

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