Mercialys asset value up on a like-for-like basis

At December 31, 2024, the value of Mercialys's portfolio of 44 shopping centers stood at €2.76 billion including transfer duties, up +1.3% year-on-year on a like-for-like basis. Appraised value excluding transfer duties rose by +1.1% on a like-for-like basis, with the positive impact of rents (+3.3%) offsetting the effect of a slight rise in interest rates. "The average appraisal yield was 6.65% at December 31, 2024, compared with 6.68% at June 30, 2024 and 6.61% at the end of 2023. This evolution shows a positive yield differential of 344 bp compared with the risk-free rate (OAT 10 years) at the end of December", states the SIIC in the context of the presentation of its annual results for 2024.