Brief: Mercialys Rental Revenues Down At EUR 138.3 Mln At End-Sept

Mercialys SA

19/10/2020 16:59

Oct 19 (Reuters) - MERCIALYS SA  MERY.PA :
    * MERCIALYS: ACTIVITY AT END-SEPTEMBER 2020
    * ENCOURAGING SUMMER TRENDS, BUT VIGILANCE REQUIRED WITH
EPIDEMIC
ACCELERATING AGAIN
    * RENTAL REVENUES TOTALED EURO 138.3 MILLION AT
END-SEPTEMBER
2020, DOWN -2.6% FROM END OF SEPTEMBER 2019
    * IMPROVING TREND FOR RENT RECOVERY RATE
    * FRAGILE OVERALL ECONOMIC CONTEXT, CONSOLIDATING PRIORITY
FOCUS
ON SAFEGUARDING BALANCE SHEET POSITIONS
    * MERCIALYS IS REAFFIRMING ITS 2020 FULL-YEAR GUIDANCE
    * AS ORGANIC GROWTH NO LONGER SEEMS TO BE A RELEVANT
INDICATOR FOR
2020, NO NEW GUIDANCE HAS BEEN SET
    * CONFIRMS ITS ABSOLUTE PRIORITY TO PROTECT ITS BALANCE
SHEET
POSITIONS, WITH EFFORTS FOCUSED ON OPTIMIZING RECOVERY OF RENT
DUE FOR 2020
    * AT THIS STAGE, EURO 7.1 MILLION OF RENT RELIEF HAS BEEN
GRANTED
TO RETAILERS BY MERCIALYS AS PART OF "COVID-19 NEGOTIATIONS"
    * TO DATE, 56% OF FULL AMOUNTS BILLED FOR Q2 HAVE BEEN
RECOVERED
AND THIS IS EXPECTED TO INCREASE SIGNIFICANTLY BY END 2020

Source text for Eikon:  ID:nBwb2G1Xga 
Further company coverage:  MERY.PA 

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