Added to YB: 2026-09-15
Pitch date: 2026-09-11
MERY.PA [bullish]
Mercialys SA
-0.19%
current return
Author Info
Euro Value Investor is uncovering Europe’s overlooked equities. Deep value research on small & mid-caps the market left behind. Contrarian investing with asymmetric upside. Sign up for the newsletter.
Company Info
Mercialys SA is one of France’s leading real estate companies. It specializes in the holding, management and transformation of retail spaces, anticipating consumer trends, on its own behalf and for third parties.
Market Cap
EUR 983.4M
Pitch Price
EUR 10.54
Price Target
N/A
Dividend
9.49%
EV/EBITDA
19.60
P/E
47.92
EV/Sales
12.84
Sector
Retail REITs
Category
dividend
Mercialys: Bond Panic Has Put French Shopping Parks on Sale
MERY.PA: Mercialys offers dominant French Shop Parks at €10.62 per share, a 35% discount to €16.23 of EPRA NTA, with a roughly 9.7% dividend yield. H1 2026 net rental income rose 4.5%, vacancy was 2.1%, and footfall outperformed the national panel by 370 basis points. The rate-driven sell-off creates the entry, but persistently high rates could pressure asset values and increase refinancing costs.
Read full article (12 min)