FR STRATEGY AND GOVERNANCE PORTFOLIO RETAIL INVESTORS SUSTAINABILITY Home > Investors > News and Press releases > Press releases > 2021 Half-year earnings July 28, 2021 FINANCE 2021 HALF-YEAR EARNINGS Solid balance sheet and limited contraction in values: LTV at 38.3% excluding transfer taxes, portfolio value of Euro 3,186 million including transfer taxes, down -2.2% over six months. Average appraisal yield rate at 5.74%, EPRA NDV down -6.8% over six months to Euro 17.17 per share Business close to 2019 levels and positive trend for retailer sales: Footfall between the reopening of stores on May 19 and June 30, 2021 reached 91% of the pre-crisis activity level from 2019, retailer sales for May at +8.4% vs. 2020 and for June at +5.6% The rollout of the government support measures in the second half of 2021 is expected to normalize the rent collection levels: gross collection rate for 2020 at 88.3% and for the first half of 2021 at 75.0% Funds from operations (FFO) at end-June 2021 down -11.6%: reflect of the impacts of the health crisis, the refinancing operation carried out in July 2020 and the asset sales completed in December 2020 2021 objectives: excluding the impacts of a further deterioration in the health situation, including the potential impacts of the measures relating to the “health pass” (reduced footfall, further weakening of retailers, likely drop in variable rents and the contribution from Casual Leasing, and increase in additional operating expenses), Mercialys expects its funds from operations (FFO) per share to be at least stable in 2021 compared with 2020 DOWNLOAD PDF Weight of the document : 463,36 KB Categories RETAIL PROJECT SUSTAINABLE DEVELOPMENT FINANCE CORPORATE AWARDS SHOPPING CENTERS CASUAL LEASING DEVELOPMENTS APPOINTMENT Share Twitter Facebook Linkedin Viadeo Related articles October 18, 2021 Activity at end-September 2021 July 28, 2021 2021 half-year financial report... May 31, 2021 Robust footfall levels for Mercialys... Mercialys STRATEGY AND GOVERNANCE Activity Strategy Brand Key Figures News Corporate Governance Commitments PORTFOLIO RETAIL Shopping centers projects High Street retail projects Casual leasing La Galerie en Plein Air INVESTORS Financial calendar Stock Market Shareholders Financing Regulated information News and Press releases Investors contact SUSTAINABILITY SUSTAINABILITY STRATEGY FOR OUR ENVIRONMENT FOR OUR STORES FOR OUR COMMUNITIES FOR OUR TALENTS Press Photo library Career Our business lines Contact Linkedin Viadeo Twitter RSS Sitemap | Legal notice and privacy policy | Use of cookies By clicking on “Accept all cookies”, you accept that cookies will be stored on your device to improve the site’s browsing experience, analyze its use and offer you sharing buttons or videos. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All the information collected by these cookies is aggregated and therefore anonymous. If you do not accept these cookies, we will not be informed about your visit of our site. Cookies policy Reject All Accept All Cookies Cookies Settings