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19 Apr 2024
Mercialys - Q1 trading update

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Mercialys - Q1 trading update
- Published:
19 Apr 2024 -
Author:
Inna Maslova -
Pages:
5 -
Rental revenues stood at EUR 45.5m, up 4.4% YoY. On a LfL basis, rents were up 4.6%, primarily driven by indexation (+4.6%). The company notes that it witnesses a moderation of reversion levels and focuses on limiting the volatility of the vacancy rate.Q1 footfall was up 2.9% vs 2.1% on the Quantaflow national index. The company continues to expect an upturn in footfall as part of the supermarket replacement. Q1 retailer sales were up 3.3% YoY, with the company witnessing an upturn in growth towards the end of the quarter.The company reiterates its 2024 guidance targeting FFOps growth of at