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Investing.com -- French retail property company Mercialys (EPA:MERY) reported a 4% year-over-year increase in first-half 2025 recurring earnings per share to €0.66, prompting the company to raise its full-year guidance.
The company has upgraded its fiscal year 2025 guidance by 1.6% to a range of €1.24-€1.27 per share, which sits above the current market consensus of €1.21.
Like-for-like rental growth reached 2.7% during the period, with 2.5% of that coming from indexation. The company also achieved a rental uplift of 2.6%, while tenant sales increased by 1.7%.
Asset values showed modest growth of 0.7% compared to December 2024 figures. The company completed €174 million in acquisitions at a blended yield of 9%, resulting in a loan-to-value ratio of 39.6% including real estate transfer taxes at the end of June.
Despite the positive results and improved outlook, Mercialys shares fell 1.8% following the announcement.
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