MERLIN Properties SOCIMI SA stock analysis
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MERLIN Properties SOCIMI SA (MRL) Stock Price & Analysis
MRL Stock Chart & Stats
- Day’s Range
- EUR 11.77 - EUR 11.98
- 52-Week Range
- EUR 11.13 - EUR 15.92
- Previous Close
- EUR 11.60
- Volume
- N/A
- Average Volume (3M)
- 1.61M
- Market Cap
- EUR 7.32B
- Enterprise Value
- EUR 12.93B
- Total Cash (Recent Filing)
- EUR 1.57B
- Total Debt (Recent Filing)
- EUR 5.00B
- Price to Earnings (P/E)
- 8.4
- Beta
- 0.72
- Next Earnings
- Nov 13, 2026 (Est.)
- EPS Estimate
- 0.14
- Last Dividend Ex-Date
- May 07, 2026
- Dividend Yield
- 1.82%
Bulls Say, Bears Say
Bulls Say
Rental And FFO Growth
Strong like-for-like rental growth, higher first-half FFO and upgraded full-year guidance indicate improving recurring operating performance. This supports cash-flow visibility and suggests leasing momentum across the portfolio can continue contributing to earnings over the next several quarters.
Data-center Commercialization
Rapid data-center commercialization is creating a significant growth platform alongside the existing property portfolio. Phase 1 is fully fitted and let, while accelerated leasing and a broad development platform could expand recurring rental income as capacity comes online.
Liquidity And Leverage
Low loan-to-value, substantial liquidity and maintained investment-grade ratings provide financial flexibility for refinancing and property development. The stronger balance sheet should help MERLIN fund committed projects while retaining capacity to manage debt maturities and market volatility.
Bears Say
Higher Financing Costs
Rising financing expenses can absorb more of the income generated by the property portfolio and weaken per-share earnings even when operating results improve. Persistent funding-cost pressure could constrain distributions, investment returns and the pace of future development.
Phase 3 Funding And Dilution
The need to raise additional capital for Phase 3 creates execution and shareholder-alignment risk as development spending increases. Equity or convertible issuance could dilute existing holders, while reliance on capital markets may limit flexibility if funding conditions deteriorate.
Project Delivery Constraints
Equipment bottlenecks, higher construction costs and grid or permitting delays could postpone data-center deliveries and defer associated rental income. These constraints may also raise required capital, complicate project schedules and reduce the near-term return on development spending.
MERLIN Properties SOCIMI SA News
MRL 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 (MRL) Earnings & Revenues
MRL Company Deck
MRL 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 ES:MRL earnings summariesMRL Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 8 | 5 | 9 |
| Technical Analysis | 2 | 5 | 3 |
| Moving Averages | 6 | 0 | 6 |
