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Mercialys SA (MERY.PA)

MERY.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mercialys Announces Bond Issue At 300 Million Euros
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - MERCIALYS SA ::SUCCESSFUL EURO 300 MILLION BOND ISSUE.‍OPERATION ENABLES CO TO SECURE FUTURE REDEMPTION OF EURO 479.7 MILLION BOND ISSUE MATURING IN MARCH 2019​.‍NEW ISSUE MATURES IN FEBRUARY 2026​.‍BOND ISSUE WAS 2.5 TIMES OVERSUBSCRIBED BY A DIVERSIFIED INVESTOR BASE​.‍NEW FINANCING LINE EXTENDS AVERAGE MATURITY OF CO'S DEBT FROM CURRENT 3.6 YEARS TO 4.2 YEARS​.‍BOND OFFERS A 1.80 PERCENT COUPON WHICH FAVORABLY COMPARES WITH 4.125 PERCENT COUPON OF BOND MATURING IN MARCH 2019​.  Full Article

Mercialys FY Rental Revenues Fell 2.4% To 185.3 Million Euros
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - MERCIALYS SA ::MERCIALYS: 2017 RESULTS.FY ‍EPRA NAV UP +0.9% TO EURO 20.86/SHARE​.PROPOSAL FOR DISTRIBUTION OF A DIVIDEND OF EURO 1.09 PER SHARE FOR 2017.2018 OBJECTIVES: ORGANIC GROWTH EXCLUDING INDEXATION IS EXPECTED TO EXCEED +2%​.2018 OBJECTIVES FFO IS EXPECTED TO INCREASE BY AT LEAST +2%, EXCLUDING IMPACT OF REFINANCING BOND MATURING IN 2019, WHICH IS ESTIMATED AT AROUND EURO 6 MILLION NET OF POTENTIAL HEDGING.FY RENTAL REVENUES FELL -2.4% TO EURO 185.3 MILLION.+6.1% GROWTH IN FFO, EXCLUDING DISPOSALS COMPLETED IN 2017.FY INVOICED RENTS ARE DOWN -2.2% AT EURO 183.5 MILLION.  Full Article

Mercialys issues 150 million euros of bonds with a private placement
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - MERCIALYS SA ::MERCIALYS: EURO 150 MILLION BOND ISSUE WITH A PRIVATE PLACEMENT.‍NEW 10-YEAR BOND FINANCING LINE, HELPS EXTEND AVERAGE MATURITY OF MERCIALYS' DEBT​.‍DEUTSCHE BANK ACTED AS BOOKRUNNER​.‍OPERATION DOES NOT HAVE ANY IMPACT ON MERCIALYS' 2017 OBJECTIVES​.OPERATION IS FOR GENERAL CORPORATE PURPOSES, INCLUDING PARTIAL REFINANCING OF BOND ISSUE MATURING IN MARCH 2019.​.  Full Article

Mercialys confirms FY organic growth in invoiced rents to be over 2 pct
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - MERCIALYS SA :END-SEPT RENTAL REVENUE EUR ‍​137.8 MILLION VERSUS EUR 139.0 MILLION YEAR AGO.FOR FY, CONFIRMS ORGANIC GROWTH IN INVOICED RENTS EXCLUDING INDEXATION WILL BE OVER +2%‍​.TO PAY OUT A DIVIDEND FROM 85% TO 95% OF 2017 FFO.DIVIDEND TO BE AT LEAST STABLE COMPARED WITH THE DIVIDEND FOR 2016.  Full Article

Mercialys reports stable rental revenues at 93.1 million euros
Wednesday, 26 Jul 2017 

July 26 (Reuters) - Mercialys Sa :OUTLOOK FOR 2017: OBJECTIVE CONFIRMED FOR ORGANIC RENTAL INCOME GROWTH EXCLUDING INDEXATION OF OVER +2%.TO PAY OUT AN INTERIM DIVIDEND OF EURO 0.41 PER SHARE..CONTRACTION IN FFO WILL BE LESS THAN -5% ANNOUNCED AT START OF YEAR.DIVIDEND WILL BE PAID ON OCTOBER 23, 2017, AND CORRESPONDS TO 50% OF DIVIDEND DISTRIBUTED FOR 2016.FOR FULL YEAR, MERCIALYS EXPECTS ITS DIVIDEND TO RANGE FROM 85% TO 95% OF 2017 FFO.H1 RENTAL REVENUES TOTALED EURO 93.1 MILLION, STABLE COMPARED WITH FIRST HALF OF 2016.SEES ORGANIC RENTAL INCOME GROWTH EXCLUDING INDEXATION TO COME IN +2% COMPARED WITH 2016, IN LINE WITH OBJECTIVE SET IN FEBRUARY 2017.H1 INVOICED RENTS, UP +2.8% LIKE-FOR-LIKE EXCLUDING INDEXATION AND +0.2% ON A CURRENT BASIS TO EURO 92.1 MILLION.H1 EBITDA REPRESENTS EURO 79.3 MILLION, ALSO STABLE COMPARED WITH FIRST HALF OF 2016, WITH AN EBITDA MARGIN OF 85.2% (VERSUS. 85.4% AT JUNE 30, 2016)..SEES FFO TO CONTRACT BY LESS THAN -5% ANNOUNCED AT START OF YEAR.  Full Article