MERLIN Properties SOCIMI SA stock analysis
MERLIN Properties SOCIMI SA (0QVM) Share Price & Analysis
0QVM Stock Chart & Stats
- Day’s Range
- EUR 11.75 - EUR 11.94
- 52-Week Range
- EUR 10.99 - EUR 17.00
- Previous Close
- EUR 11.90
- Volume
- N/A
- Average Volume (3M)
- 310.43K
- Market Cap
- EUR 7.36B
- 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
- 0.95
- Next Earnings
- Nov 13, 2026 (Est.)
- EPS Estimate
- 0.14
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 1.76%
Bulls Say, Bears Say
Bulls Say
Data-center Commercialization
Rapid leasing progress in the data-center platform indicates strong customer demand and improves the visibility of future rental income. Fully let Phase 1 and expanding commercialization could make this a meaningful long-term growth engine alongside MERLIN’s established property portfolio.
Occupancy And Rental Growth
High occupancy and positive like-for-like rental growth support recurring revenue quality across the traditional portfolio. Strong shopping-center performance and resilient logistics demand should help sustain cash inflows, reinforce tenant retention, and provide a stable base while newer assets develop.
Balance Sheet And Liquidity
Low leverage, substantial liquidity, and investment-grade ratings give MERLIN financial flexibility to meet maturities and fund committed development. This conservative balance-sheet position can reduce refinancing pressure and allow the company to pursue growth without relying entirely on asset sales.
Bears Say
Higher Financing Costs
Persistently higher financing costs can absorb more of the income generated by the property portfolio and constrain FFO growth. They also reduce per-share earnings capacity, making future performance more dependent on rental growth and development returns to offset funding pressure.
Phase 3 Funding And Capital Needs
The need for additional capital to complete Phase 3 creates execution and shareholder-allocation risk. New equity or convertible financing could dilute existing holders, while dependence on capital markets may limit flexibility if development spending rises before the related rental income arrives.
Data-center Permitting And Delivery Risk
Grid constraints, permitting delays, and equipment bottlenecks could postpone the conversion of data-center capacity into rental income. Delays would extend the period of elevated development spending, potentially raise project costs, and slow the earnings contribution from MERLIN’s principal growth initiative.
MERLIN Properties SOCIMI SA News
0QVM FAQ
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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 (0QVM) Earnings & Revenues
0QVM Company Deck
0QVM 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 GB:0QVM earnings summaries0QVM Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 9 | 3 | 10 |
| Technical Analysis | 3 | 3 | 4 |
| Moving Averages | 6 | 0 | 6 |
