Mercialys set for best day in 8 months after encouraging end-Sept update

Mercialys SA

19/10/2021 10:09

** Shares in Mercialys  MERY.PA  rise about 5% to the top of
French SBF Index  .SBF , after the French shopping malls
operator reported its 9-month trading update on Monday
 urn:newsml:reuters.com:*:nBwbcwQ0Sa  urn:newsml:reuters.com:*:nASN001RTI
    ** The dynamics of invoiced rents at the end of September
are encouraging, says Portzamparc, pointing to a slightly
positive indexation which continues to drive Mercialys' revenues
in similar proportions as in H1
    ** After major disruptions due to COVID-19 pandemic, the
performances of Mercialys' sites are starting to gradually
return to the historical levels seen previously, the group says
    ** Invoiced rents and rental revenues for the 9 months to
Sept. were at 126.9 million euros ($147.83 million) and 128.6
million respectively, compared to 136.4 mln and 142 mln for 2019
    ** Including the session's rise, ​the stock has gained about
30% year-to-date and is on track for its best day since February
23


($1 = 0.8584 euros)

 (Reporting by Federica Mileo)
 ((Federica.mileo@thomsonreuters.com))