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PARIS - French retail real estate company Mercialys (EPA:MERY), a €1.18 billion market cap firm with a robust 9.03% dividend yield, announced financial arrangements for Deputy Chief Executive Officer Elizabeth Blaise, who will step down from her position on December 31, 2025. According to InvestingPro analysis, the company maintains a strong financial health score and has consistently paid dividends for 20 consecutive years.
The Board of Directors approved the compensation terms on October 16, in accordance with policies approved by shareholders at the company’s April 29 General Meeting, according to a press release statement.
Blaise will receive her full annual fixed compensation of €318,000 gross through the end of her tenure. Her variable compensation target remains at 65% of her fixed compensation, with a maximum potential of 130%, subject to performance objectives and shareholder approval at the next Annual General Meeting.
The departing executive will maintain eligibility for previously awarded bonus share plans on a prorated basis. This includes a maximum of 40,317 shares from the April 2023 plan, 21,886 shares from the April 2024 plan, and 9,383 shares from the April 2025 plan, all subject to performance conditions.
The Board also implemented a 12-month non-compete clause, which will provide Blaise with monthly compensation equal to one-twelfth of 50% of her average total compensation from the previous two years.
Additionally, Mercialys agreed to pay Blaise a €50,000 net settlement indemnity, pending shareholder approval at the next General Meeting.
Mercialys specializes in retail space management and transformation across France. As of June 30, 2025, the company’s real estate portfolio was valued at €2.9 billion with 1,985 leases representing an annualized rental base of €180.4 million. The company maintains healthy liquidity with a current ratio of 1.11, though InvestingPro analysis suggests the stock is trading above its Fair Value. Subscribers can access 8 additional exclusive ProTips and comprehensive financial metrics to better understand Mercialys’ investment potential.
In other recent news, Mercialys has reported a 4% year-over-year increase in its first-half 2025 recurring earnings per share, reaching €0.66. This positive performance has led the company to raise its full-year guidance by 1.6%, now projecting earnings per share between €1.24 and €1.27, surpassing the market consensus of €1.21. In addition to these financial developments, Mercialys announced that Deputy CEO Elizabeth Blaise will step down from her position at the end of December 2025. Blaise has been with the company for over a decade, and the Board of Directors has expressed gratitude for her contributions. Until her departure, she will continue to work with the Executive Management team. These updates reflect ongoing changes and expectations within the company.
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