MERLIN Properties SOCIMI SA (ES:MRL)
BME:MRL
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MRL Stock Chart & Stats
€15.36
€0.27(2.60%)
At close: 4:00 PM EST
€15.36
€0.27(2.60%)
Day’s Range― - ―
52-Week Range€10.55 - €15.57
Previous CloseN/A
Volume149.40K
Average Volume (3M)1.03M
Market Cap
€9.34B
Enterprise Value€12.91B
Total Cash (Recent Filing)€849.19M
Total Debt (Recent Filing)€4.44B
Price to Earnings (P/E)11.9
Beta0.72
Next Earnings
Jul 30, 2026EPS Estimate
0.13Next Dividend Ex-DateN/A
Dividend Yield3.08%
Share Statistics
EPS (TTM)1.19
Shares Outstanding620,000,000
10 Day Avg. Volume1,265,993
30 Day Avg. Volume1,027,422
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.87
Price to Sales (P/S)12.98
P/FCF Ratio17.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€17.20Price Target Upside11.98% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)0.54
Revenue Forecast (FY)€603.92M
Bulls Say, Bears Say
Bulls Say
High Occupancy RatesSustained high occupancy across offices, logistics and data centers underpins recurring rental cash flows and reduces re-leasing risk. This stability supports predictable FFO and dividend capacity, helping absorb near-term CapEx while preserving rental income resilience over the next several quarters.
Data Center Growth & RevaluationStrategic pivot into data centers has produced material revaluation gains and higher gross yields on cost, creating a new high‑margin, long‑term income stream. Fully contracted Phase‑1 and enlarged Phase‑2 capacity diversify revenue mix and lift portfolio yield potential beyond traditional retail/offices.
Improving Cash Generation & Low LTVOperating cash flow and FFO growth combined with a low, fully fixed LTV strengthens financial flexibility. Improved cash conversion and a conservative LTV buffer the company against market rate volatility and support continued CapEx and dividend distributions while limiting refinancing pressure.
Bears Say
Rising Net Debt/EBITDAAggressive capex on data centers is lifting net leverage (net debt/EBITDA ~9x), eroding covenant headroom and increasing vulnerability to rate or cash‑flow shocks. Higher leverage raises financing costs, constrains optionality for opportunistic deals, and pressures EPS/DPS until new assets stabilize cash returns.
Earnings Quality VariabilityProfitability has improved, but a meaningful portion stems from valuation/revaluation gains rather than recurring rental operations. With operating cash flow trailing reported earnings historically, distributable earnings and FFO sustainability depend on continued valuation tailwinds or successful conversion of revalued assets into stable cash.
Concentration & Leasing Execution RiskMaterial reliance on a single large letting (Henares shed) and complex negotiations with hyperscalers elevate short‑to‑medium term cash‑flow volatility. Coupled with localized Barcelona office supply issues, this concentration and execution risk can cause outsized swings in occupancy and rental growth if key deals slip or terms weaken.
MERLIN Properties SOCIMI SA News
MRL FAQ
What was MERLIN Properties SOCIMI SA’s price range in the past 12 months?
MERLIN Properties SOCIMI SA lowest stock price was €10.55 and its highest was €15.57 in the past 12 months.
What is MERLIN Properties SOCIMI SA’s market cap?
MERLIN Properties SOCIMI SA’s market cap is €9.34B.
When is MERLIN Properties SOCIMI SA’s upcoming earnings report date?
MERLIN Properties SOCIMI SA’s upcoming earnings report date is Jul 30, 2026 which is in 54 days.
How were MERLIN Properties SOCIMI SA’s earnings last quarter?
MERLIN Properties SOCIMI SA released its earnings results on May 14, 2026. The company reported €0.12 earnings per share for the quarter, missing the consensus estimate of €0.15 by -€0.03.
Is MERLIN Properties SOCIMI SA overvalued?
According to Wall Street analysts MERLIN Properties SOCIMI SA’s price is currently Undervalued.
Does MERLIN Properties SOCIMI SA pay dividends?
MERLIN Properties SOCIMI SA pays a Semiannually dividend of €0.162 which represents an annual dividend yield of 3.08%. See more information on MERLIN Properties SOCIMI SA dividends here
What is MERLIN Properties SOCIMI SA’s EPS estimate?
MERLIN Properties SOCIMI SA’s EPS estimate is 0.13.
How many shares outstanding does MERLIN Properties SOCIMI SA have?
MERLIN Properties SOCIMI SA has 620,000,000 shares outstanding.
What happened to MERLIN Properties SOCIMI SA’s price movement after its last earnings report?
MERLIN Properties SOCIMI SA reported an EPS of €0.12 in its last earnings report, missing expectations of €0.15. Following the earnings report the stock price went up 2.184%.
Which hedge fund is a major shareholder of MERLIN Properties SOCIMI SA?
Currently, no hedge funds are holding shares in ES:MRL
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
MERLIN Properties SOCIMI SA Stock Smart Score
Outperform
1
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5
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7
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9
10
Analyst Consensus
Strong Buy
Average Price Target:
€17.20 (11.98% Upside)
€17.20 (11.98% Upside)
Insider Transactions
Bought Shares
Worth €95.0K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
41.08%
12-Months-Change
Fundamentals
Return on Equity
9.48%
Trailing 12-Months
Asset Growth
18.26%
Trailing 12-Months
Company Description
MERLIN Properties SOCIMI SA
MERLIN Properties SOCIMI, SA, one of the main real estate companies listed on the Spanish Stock Exchange (IBEX-35), has as its main activity the acquisition and management of tertiary real estate assets in the Iberian Peninsula. The Company is a public limited company incorporated as a SOCIMI. The main activity of the Company is the acquisition, active management, operation and selective rotation of quality commercial real estate assets in the investment segment Core and Core Plus, mainly in Spain and, to a lesser extent, in Portugal. The Company focuses on the office, retail and logistics market.
MRL Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call showed a strong operational and execution year driven by data centers and robust performance across traditional assets: FFO and like-for-like income growth, high occupancies, significant valuation uplift (largely from data centers), and record CapEx commitments underpin a positive growth runway. Offsetting factors include higher financial expenses from aggressive data center investment leading to flat 2026 EPS/DPS guidance, a rising net debt-to-EBITDA ratio, localized office softness in Barcelona, and timing/conditionality risks (EU Gigafactory, large logistics vacancy, and complex hyperscaler negotiations). Overall, achievements and growth catalysts notably outweigh the challenges, but execution and funding risks merit monitoring in the near term.View all ES:MRL earnings summariesMRL Stock 12 Month Forecast
Average Price Target
€17.20
▲(11.98% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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