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Mercialys confirms 2018 FFO per share, dividend targets

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Mercialys confirms 2018 FFO per share, dividend targets

Mercialys confirmed its 2018 funds from operations per share and dividend growth targets of at least 2% year over year.

The Paris-based retail real estate investment trust said its projected dividend growth represents 85% to 95% of 2018 FFO.

The REIT added that it expects to pay an interim dividend of 50 euro cents per share on Oct. 23, with an ex-dividend date of Oct. 19.