Last €17.65 EUR
Change Today +0.465 / 2.71%
Volume 48.1K
MERY On Other Exchanges
Symbol
Exchange
EN Paris
OTC US
Frankfurt
As of 9:25 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

mercialys (MERY) Snapshot

Open
€17.31
Previous Close
€17.18
Day High
€17.65
Day Low
€17.25
52 Week High
07/23/14 - €17.65
52 Week Low
09/9/13 - €13.96
Market Cap
1.6B
Average Volume 10 Days
118.9K
EPS TTM
€1.52
Shares Outstanding
92.0M
EX-Date
10/9/14
P/E TM
11.6x
Dividend
€1.18
Dividend Yield
4.65%
Current Stock Chart for MERCIALYS (MERY)

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mercialys (MERY) Details

Mercialys S.A. owns and manages shopping centers and self-service restaurants in France. The company leases its space primarily to national banners, chain stores, or franchises, as well as to independent retailers. It also focuses on asset management, marketing, and shopping centre management activities. The company’s property portfolio consisted of 120 locations, including regional shopping centers, neighborhood shopping centers, specialized stores, and independent cafeterias, as well as assets under development and other properties. It manages 120 locations totaling a gross leasable area of 714,500 square meters. Mercialys S.A. has been elected for the Sociétés d’Investissements Immobiliers Cotées (SIIC - Real Estate Investment Trust) tax regime. As a SIIC, its rental revenues and capital gains on property assets are exempt from tax provided that at least 85% of net income from rental activities and 50% of gains on the disposal of real estate assets are distributed to shareholders. The company is headquartered in Paris, France.

71 Employees
Last Reported Date: 04/4/14
Founded in 1999

mercialys (MERY) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: €274.9K
Chief Operating Officer
Total Annual Compensation: €208.3K
Compensation as of Fiscal Year 2013.

mercialys (MERY) Key Developments

Mercialys S.A. Announces Audited Consolidated Earnings Results for the Six Months Ended June 30, 2014; Revises FFO Guidance for 2014

Mercialys S.A. announced audited consolidated earnings results for the six months ended June 30, 2014. For the period, rental revenues were EUR 78,131,000, net rental income was EUR 73,755,000, operating income was EUR 113,379,000 and net income attributable to Group equity holders was EUR 103,564,000 or EUR 1.13 per diluted share against rental revenues of EUR 76,680,000, net rental income of EUR 71,613,000, operating income of EUR 103,371,000 and net income attributable to Group equity holders of EUR 87,308,000 or EUR 0.95 per diluted share for the same period a year ago. Net cash flow from operating activities was EUR 54,225,000 against EUR 55,142,000 a year ago. Cash payments on acquisition of investment property and other fixed assets was EUR 42,810,000 against EUR 7,863,000 a year ago. EBITDA was EUR 67.1 million against EUR 68.2 million a year ago. Funds from Operations per share was EUR 0.63. Net asset value (including transfer taxes) per share was EUR 19.53. Net asset value (excl. transfer taxes) per share was EUR 17.91. Net rental income increased due to the increase in invoiced rents. Net income increased as a result of capital gains on asset sales carried out in the first half of 2014 and net financial items that were much better in the first half of 2014 than in the year-earlier period. Funds from operations totaled EUR 57.7 million, compared with EUR 50.6 million in the first half of 2013. This represents an increase of 14.0%, mainly due to the positive impact of net financial items, which improved strongly year-on-year. Net debt was EUR 819.1 million against EUR 755.9 million a year ago. Based on activity in the first half of 2014 and the current growth outlook, Mercialys' management: is maintaining its 2014 organic growth target of at least 2.0% above indexation; is raising its 2014 growth target for FFO (Funds from Operations). Management's initial target of growing FFO by at least 2% in 2014 relative to 2013, set in February 2014, will be exceeded. Mercialys is aiming at generating a FFO of over EUR 100 million, that is a growth of approximately 5% compared with 2013.

Mercialys S.A., Board Meeting, Jul 22, 2014

Mercialys S.A., Board Meeting, Jul 22, 2014. Agenda: To consider to pay an interim dividend.

Mercialys S.A. Decides to Pay an Interim Dividend for the 2014, Payable on October 14, 2014

At its meeting of July 22, 2014, the Board of Directors of Mercialys S.A. decided to pay an interim dividend for the 2014 financial year of EUR 0.36 per share, corresponding to half of the ordinary dividend for 2013. The interim dividend will be paid on October 14, 2014.

 

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Industry Analysis

MERY

Industry Average

Valuation MERY Industry Range
Price/Earnings 12.6x
Price/Sales 10.4x
Price/Book 2.1x
Price/Cash Flow 10.6x
TEV/Sales 5.1x
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