MERLIN Properties SOCIMI SA (MEQA) Stock Price & Analysis
MEQA Stock Chart & Stats
- Day’s Range
- EUR 11.48 - EUR 11.51
- 52-Week Range
- EUR 11.21 - EUR 15.67
- Previous Close
- EUR 11.40
- Volume
- N/A
- Average Volume (3M)
- 25
- Market Cap
- EUR 7.10B
- Enterprise Value
- EUR 12.93B
- Total Cash (Recent Filing)
- EUR 1.57B
- Total Debt (Recent Filing)
- EUR 5.00B
- Price to Earnings (P/E)
- 8.3
- Beta
- 0.43
- Next Earnings
- Nov 13, 2026 (Est.)
- EPS Estimate
- 0.14
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 1.78%
Bulls Say, Bears Say
Bulls Say
Rental And FFO Growth
Improving rental income and FFO indicate stronger recurring operating performance across the portfolio. The guidance increase also signals management confidence that leasing momentum and asset-level growth can support higher cash earnings over the next several quarters.
Data-center Commercialization
Rapid data-center commercialization provides MERLIN with a substantial structural growth platform beyond its traditional assets. Converting development capacity into leased space can expand recurring rental income and diversify the portfolio toward infrastructure-supported digital demand.
Conservative Balance Sheet
Low leverage, substantial liquidity, and maintained investment-grade ratings improve financial resilience for a property owner. This position gives MERLIN capacity to meet near-term maturities, continue development, and withstand funding pressure better than a highly leveraged peer.
Bears Say
Funding Needs And Financing Costs
Higher financing costs can limit per-share earnings growth even when underlying rents rise. Additional equity or convertible funding for Phase 3 could also dilute existing holders, making future development returns more dependent on successful capital-market execution.
Data-center Delivery Constraints
Delays in grid access, permitting, or critical equipment could defer rental commencement and increase development spending before assets generate income. These constraints may reduce the pace at which MERLIN converts its data-center pipeline into recurring cash flow.
Variable Earnings Quality
The gap between reported net income and operating cash flow suggests that some recent earnings may be less repeatable. For a REIT, weaker cash conversion can constrain internally funded investment and distributions if accounting gains do not translate into operating receipts.
MERLIN Properties SOCIMI SA News
MEQA FAQ
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What is the TipRanks Smart Score and how is it calculated?
MERLIN Properties SOCIMI SA Stock Smart Score
Company Description
MERLIN Properties SOCIMI SA
MERLIN Properties SOCIMI, SA stands as a leading real estate firm traded on Spain's benchmark IBEX-35 stock index. Structured as a publicly listed SOCIMI, its core business involves the strategic acquisition, proactive management, operational oversight, and targeted divestment of premium commercial properties. These assets, categorized within the Core and Core Plus investment segments, are predominantly situated in Spain, with a more limited presence in Portugal. The company specializes in real estate across the office, retail, and logistics sectors.
- Sector
- Realestate
- Industry
- REIT - Diversified
- CEO
- Ismael Clemente Orrego
- Employees
- 296
- Website
- www.merlinproperties.com
- Address
- Paseo de la Castellana, 257, Madrid, MA, 28046, ES
MERLIN Properties SOCIMI SA (MEQA) Earnings & Revenues
MEQA Company Deck
MEQA Earnings Call
Earnings Call SentimentPositive
The call conveyed a strong operational and commercial performance with double‑digit revenue growth, meaningful data‑center commercialization progress (Phase 1 fully let, rapid conversion of bookings, materially higher MW commercialized), robust shopping center and logistics metrics, low LTV and strong liquidity. Key risks highlighted were rising financing and construction costs, grid/permitting timing for certain data center sites, and the need for additional funding for Phase 3 (with potential dilution). Overall the positives—substantial data‑center traction, solid traditional asset performance and a conservative balance sheet—outweigh the near‑term funding, cost and permitting challenges.
View all DE:MEQA earnings summariesMEQA Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 4 | 6 | 12 |
| Technical Analysis | 1 | 6 | 3 |
| Moving Averages | 3 | 0 | 9 |
