Bill Gross warns on gold momentum as regional bank stocks tumble
PARIS - French retail real estate company Mercialys (EPA:MERY), a retail property group with a market capitalization of €1.2 billion, announced Thursday that Deputy Chief Executive Officer Elizabeth Blaise will leave her position effective December 31, 2025, after more than a decade with the company.
The Board of Directors acknowledged Blaise’s decision to step down and expressed gratitude for her contributions to the group’s development over the past 10 years. According to the company statement, Blaise will continue to perform her duties alongside the Executive Management team until her departure. InvestingPro analysis shows the company maintains a "GOOD" overall financial health score, suggesting strong operational management during her tenure.
"I am proud to have helped drive the key stages in Mercialys’ transformation, while further strengthening its real estate positioning and sustainably consolidating its financial profile," Blaise said.
Vincent Ravat, Chief Executive Officer of Mercialys, thanked Blaise for supporting the company "through a deep evolution of its model" during her 11-year tenure.
The Board reaffirmed its confidence in the current Executive Management team led by Ravat to continue implementing the company’s strategic roadmap and development plans.
Éric Le Gentil, Chairman of the Board of Directors, credited Blaise with helping to "strengthen the Company’s operational development and solid financial foundations."
Mercialys specializes in holding, managing, and transforming retail spaces. As of June 30, 2025, the company reported a real estate portfolio valued at €2.9 billion with 1,985 leases representing an annualized rental base of €180.4 million.
The company has been listed on the stock market since October 2005 and is part of the SBF 120 index on Euronext Paris.
In other recent news, Mercialys reported a 4% year-over-year increase in its first-half 2025 recurring earnings per share, reaching €0.66. This financial performance has led the company to raise its full-year guidance by 1.6%, now projecting earnings per share in the range of €1.24 to €1.27. This revised guidance surpasses the current market consensus of €1.21 per share. The adjustment reflects Mercialys’s confidence in its financial outlook for the remainder of the year. These developments are likely to capture the attention of investors and analysts alike. The company’s decision to upgrade its guidance indicates a positive trajectory in its earnings performance. Such adjustments are crucial for stakeholders who rely on accurate forecasts for their investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.