European shopping mall owners trail behind after H1 results
29/07/2021 09:15
** Shares in Mercialys MERY.PA fall more than 5% to the
bottom of France's SBF 120 .SBF120 index, after the French
shopping mall operator's first-half results amid extended
coronavirus restrictions that have hammered the sector
** The stock is on track for its worst day in 8 months,
while bigger rival URW URW.AS is down 3%, Klepierre LOIM.PA
is down 2% and Carmila CARM.PA down 1% - all of which reported
their results in the last two days
** France's SBF 120 .SBF120 index is up 0.8%
** Mercialys posts an EPRA net disposal value down 6.8% in
H1 to 17.17 euros ($20.37) per share, while its portfolio value
fell portfolio value 2.2% to 3.19 bln euros
** Government-ordered pandemic closures also weighed on its
rental income, with rent collection only at 75% during H1
($1 = 0.8428 euros)
(Reporting by Sarah Morland)
((sarah.morland@tr.com
mailto:sarah.morland@thomsonreuters.com))