(AOF) – Mercialys posts recurring net income (RNR) of 109.0 million euros (+3.3%), or 1.17 euros per share, up 3.3%, higher than the target an increase of at least 2%. The real estate specialist in shopping centers cites “the combination of a stabilization of reversion, organic growth in invoiced rents of 4.1% and a current vacancy rate very limited to 2.9%”. A dividend will be proposed at 0.99 euros per share for 2023, an increase of 3.1% over one year. Mercialys has set itself the objective of growing its RNR per share of at least 2%.
It also expects a dividend in a range of 75% to 95% of the 2024 RNR, compared to 85% in 2023.
The property company underlines at the opening of its press release that the food distributors Intermarché, Auchan and Carrefour will replace the brands of the Casino group and thus “considerably improve” its “rental risk profile” from 2024. “Based on the public information available, these three players would respectively represent 5.2%, 4.1% and 2.0% of Mercialys’ pro-forma rental base”, it is specified.
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