Mercialys Confirms Its Targets for 2025
Mercialys announces outperformance of its sites and confirms its revised financial targets for 2025.
Outstanding Site Performance
By the end of September, Mercialys recorded a 3.7% increase in site traffic, surpassing the national panel which showed a growth of 0.8%. Tenant sales also rose by 2.5% by the end of August, while the national panel saw an increase of only 0.4%. This performance is attributed to the diversification of their portfolio towards the Shopping Parks segment, with features aimed at optimizing customer comfort and reducing operating costs. In a French economic context marked by political instability, this model appears to have favorably impacted the company.
Launching a New Commercial Identity
On the occasion of its 20th anniversary, Mercialys launched a new commercial identity named 'SHOP•PARK'. This will be gradually applied to all its assets, aiming to enhance customer comfort and highlight brands. The Nîmes site will be the first to adopt this new identity, followed by the sites in Besançon and Brest. These will host the restructuring of new stores, including the opening of a Leclerc by the end of the year, marking the start of the deployment of attractive and structuring brands.
Strong Financial Performance
Mercialys' billed rents increased by 2.6% on a like-for-like basis, reaching €134.2 million in the first nine months of the year. The occupancy rate of the sites is particularly high, at 97.0% at the end of September. The rental reversion, displayed at +1.9%, indicates a positive dynamic for new leases. Furthermore, Mercialys confirms its forecasts for 2025, with a recurring net income per share expected between €1.24 and €1.27 and a minimum dividend of €1 per share, targets that had been revised upwards last July.
