Mercialys published its Q3 17 numbers. Rental revenues came in at €137.8m at 30 September 2017, slightly down at -0.8% yoy. Invoiced rents declined by 0.7%, to €136.4m (2.9% lfl), reflecting the divestment plan that is underway. Organic growth came to 2.8% in Q3 17. The assets sold in 2016 and 2017 amounted to €9.9m. Management reaffirmed its confidence that the LTV would converge to 37% (vs. 39.1% in H1 17). It also confirmed a stable dividend for FY17.
30 Oct 2017
Progression in an accretive pipeline
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Progression in an accretive pipeline
Mercialys SA (MERY:PAR) | 0 0 1.4% | Mkt Cap: 1,522m
- Published:
30 Oct 2017 -
Author:
Zeineb SAHNOUN -
Pages:
3
Mercialys published its Q3 17 numbers. Rental revenues came in at €137.8m at 30 September 2017, slightly down at -0.8% yoy. Invoiced rents declined by 0.7%, to €136.4m (2.9% lfl), reflecting the divestment plan that is underway. Organic growth came to 2.8% in Q3 17. The assets sold in 2016 and 2017 amounted to €9.9m. Management reaffirmed its confidence that the LTV would converge to 37% (vs. 39.1% in H1 17). It also confirmed a stable dividend for FY17.