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Funds from operations (FFO) are up +3.7% to Euro 105.5 million, and +3.1% to Euro 1.13 per share, higher than the target for earnings per share growth of at least +2%. The +4.1% organic
Mercialys: 2020 Results Mercialys (Paris:MERY): Balance sheet positions effectively under control. Significant asset sales completed at end-December 2020, with a net cash-in of around Euro 150 million. Four Monoprix stores and two hypermarkets sold to leading institutional investors, highlighting their interest in retail assets that generate sustainable cashflows. Loan to value (LTV) ratio excluding transfer taxes of 38.1%, down -302bp from end-June 2020. LTV including transfer taxes of 35.8% Portfolio value resilient, consolidated by asset disposals. Limited contraction in the portfolio valu...