• Rents stood at EUR 134.7m, up 1.9% YoY. On a LfL basis, invoiced rents were up 4% YoY mostly driven by indexation (+4.2%).• End-September footfall was up 2.5% YoY ahead of the 1.2% increase recorded by the Quantaflow index.• FFO per share guidance (“at least 2.0% growth”) and dividend payout range at 75-95% of the FFO.• ‘Buy' reiterated on a decent trading update, supported by the undemanding multiples.• Mercialys is among our Real Estate Top Picks.
