Mercialys SA/€MERY
1D1W1MYTD1Y5YMAX
Capital at risk
About Mercialys SA
Mercialys SA is a French real estate investment company specializing in the ownership, management, and transformation of retail properties. As of December 31, 2023, its portfolio comprised 2,038 leases, generating an annualized rental income of €175.5 million, with assets valued at €2.9 billion, including transfer taxes. The company was established in 2005 as a subsidiary of Groupe Casino and is headquartered in Paris, France. Mercialys operates shopping centers across metropolitan France and certain overseas territories, focusing on adapting to evolving consumer behaviors through strategic merchandising and service platforms. Its competitive strengths include a diversified tenant base and a commitment to corporate social responsibility, as evidenced by its inclusion in the Carbon Disclosure Project’s Climate A List for six consecutive years.
- Ticker
- €MERY
- Sector
- Real Estate
- Primary listing
- PAR
- Employees
- 180
- Headquarters
- Paris, France
- Website
- www.mercialys.com
Mercialys SA Metrics
BasicAdvanced
€991M
48.19
€0.22
0.85
€1.00
9.43%
Price and volume
Market cap
€991M
Beta
0.85
52-week high
€12.94
52-week low
€10.50
Average daily volume
149K
Dividend rate
€1.00
Financial strength
Current ratio
1.05
Quick ratio
0.672
Long term debt to equity
81.252
Total debt to equity
84.887
Dividend payout ratio (TTM)
447.89%
Interest coverage (TTM)
1.97%
Profitability
EBITDA (TTM)
120.377
Gross margin (TTM)
94.66%
Net profit margin (TTM)
11.36%
Operating margin (TTM)
45.73%
Effective tax rate (TTM)
4.17%
Revenue per employee (TTM)
€1,020,000
Management effectiveness
Return on assets (TTM)
1.90%
Return on equity (TTM)
2.17%
Valuation
Price to earnings (TTM)
48.189
Price to revenue (TTM)
5.382
Price to book
0.64
Price to tangible book (TTM)
0.65
Price to free cash flow (TTM)
6.404
Free cash flow yield (TTM)
15.62%
Free cash flow per share (TTM)
1.655
Dividend yield (TTM)
9.43%
Forward dividend yield
9.43%
Growth
Revenue change (TTM)
4.15%
Earnings per share change (TTM)
-67.99%
3-year revenue growth (CAGR)
1.70%
10-year revenue growth (CAGR)
0.24%
3-year earnings per share growth (CAGR)
-30.44%
10-year earnings per share growth (CAGR)
-13.67%
3-year dividend per share growth (CAGR)
1.37%
Bulls say / Bears say
Mercialys recorded a 1.7% increase in gross rental income to €44.5 million in Q1 2026 and confirmed its 2026 targets, including a recurring net result of at least €1.29 per share and a €1 dividend, underscoring resilience amid consumption headwinds. (Reuters)
After six months of the year, recurring net earnings grew by 4.1% and management raised its 2026 recurring net earnings per share target, reflecting strong operational momentum and confidence in its full-year outlook. (Reuters)
The acquisition of an adjacent retail park in Fenouillet, Toulouse, in April 2026 at attractive yields demonstrates Mercialys’ accretive growth strategy and further strengthens its Shop•Park platform. (Reuters)
The company noted its 2026 performance would include the refinancing of part of its debt, flagging potential financial cost pressure from upcoming maturities in a rising rate environment. (Reuters)
Mercialys warned of an uncertain macroeconomic backdrop marked by cautious consumer spending, which could weigh on foot traffic and rental growth if household retrenchment persists. (Reuters)
Connor, Clark & Lunn Investment Management disclosed a net short position of 0.59% on Mercialys, indicating some market skepticism around its near-term prospects. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 5 Sept 2026.
Upcoming events
No upcoming events
Funds containing Mercialys SA
AllEURGBPUSD
Fund name | Fund size | €MERY weighting |
|---|---|---|
iShares European Property Yield€IPRP | €813M | 0.84% |
iShares European Property Yield£IPRP | £698M | 0.84% |
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.07% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.07% |
iShares Developed Markets Property Yield$IDWP | $1.2B | 0.07% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.