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Photo de l'actualité 2020 results
February 15, 2021
Finance

2020 results

  • Balance sheet positions effectively under control: significant asset sales completed at end-December 2020, with a net cash-in of around Euro 150 million. Loan to value (LTV) ratio excluding transfer taxes of 38.1%, down -302bp from end-June 2020. Portfolio value resilient, consolidated by asset disposals

 

  • Continued operational outperformance by the centers compared with the national index, Mercialys’ sites footfall: +685bp vs CNCC index / Retailer activity: +1,070bp vs CNCC index

 

  • Income statement reflecting the impacts of the crisis: invoiced rents down -7.0% like-for-like. Funds from operations (FFO) down -23.1% to Euro 95.5 million, with Euro 1.04 per share. Proposed dividend of Euro 0.43 per share

 

  • 2021 objectives: the latest restriction measures relating to the health crisis are significantly limiting visibility for activities. Mercialys is therefore not in a position at this stage to publish full-year objectives for 2021

 

 

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