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Photo de l'actualité 2018 results
February 13, 2019

2018 results

  • Dual governance structure set up: Éric Le Gentil appointed Chairman of the Board of Directors, Vincent Ravat appointed Chief Executive Officer and Elizabeth Blaise appointed Deputy CEO
  • 5% increase in invoiced rents like-for-like excluding indexation, higher than the target of +2%.
  • 5% increase in Funds from Operations (FFO) excluding the impact of the carrying cost for the refinancing of the bond maturing in March 2019, significantly higher than the +2% target.
  • EPRA NNNAV up +2.9% year-on-year to Euro 21.14 per share.
  • Dividend of Euro 1.12 per share (subject to approval by the Annual General Meeting to be held on April 25, 2019), up +2.8% from 2017.
  • One major extension and three large food store transformation projects completed, representing Euro 4.9M in additional rent on an annual basis for an average net yield of 6.2%.
  • Five strategic pillars to further develop the attractiveness of Mercialys shopping centers and invent tomorrow’s retail property.
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