PARIS (Agefi-Dow Jones)–Shopping center operator Mercialys announced on Monday that it is targeting growth in its earnings from operations (FFO) per share of at least 2% and a dividend in the range of 85%. at 95% of the FFO for 2022.
These objectives are “excluding potential impacts of the health situation which could affect operations”, the group said in a press release.
Mercialys made this announcement while in 2021, its operating income (FFO), which corresponds to the net income group share before depreciation and capital gains on disposals, increased by 6.5% to 101.8 million. euros and 5% per share. The group had previously indicated that it was aiming for at least stable FFO in 2021.
In 2021, organic rental growth was 3% “reflecting the contrasting impacts of the health crisis”, commented the operator.
The Board of Directors will propose the payment of a dividend of 0.92 euros per share for 2021, i.e. 85% of the FFO for the financial year, compared to 0.43 euros the previous year.
The triple net revalued net assets (ANR) according to EPRA standards, for its part, fell by 4.5% in 2021, to 17.6 euros per share. Mercialys pointed out that this indicator had, however, recorded an increase of 2.5% in the second half.
At the end of December, the value of Mercialys’ portfolio stood at 3.14 billion euros, duties included, compared to 3.25 billion euros at the end of 2020.
-Eric Chalmet, Agefi-Dow Jones; 01 41 27 47 95; [email protected] ed: FRB
MERCIALYS FINANCIAL RELEASES:
http://www.mercialys.fr/espace-presse/communiques-de-presse
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February 14, 2022 12:11 ET (17:11 GMT)