MERLIN Properties SOCIMI SA (MRLN) Stock Price & Analysis
MRLN Stock Chart & Stats
- Day’s Range
- MXN 242.34 - MXN 273.71
- 52-Week Range
- MXN 242.34 - MXN 306.65
- Previous Close
- MXN 273.71
- Volume
- 0
- Average Volume (3M)
- 0
- Market Cap
- MXN 149.39B
- Enterprise Value
- MXN 12.93B
- Total Cash (Recent Filing)
- MXN 1.57B
- Total Debt (Recent Filing)
- MXN 5.00B
- Price to Earnings (P/E)
- 8.1
- Beta
- 0.04
- Next Earnings
- Nov 13, 2026 (Est.)
- EPS Estimate
- 2.95
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 1.47%
Bulls Say, Bears Say
Bulls Say
Rental And FFO Growth
Double-digit rental and FFO growth, together with higher guidance, indicates stronger recurring operating performance and leasing execution. If maintained, this expands internally generated resources for investment and supports earnings visibility over the next several quarters.
High Occupancy And Rent Growth
High occupancy across core portfolios and positive release spreads show demand is translating into rent growth, not merely asset revaluation. Shopping-center strength and resilient logistics and office leasing diversify the income base and support recurring cash generation.
Balance Sheet Strength
Low LTV and substantial liquidity provide a meaningful cushion against property-market volatility while preserving capacity to fund development. Investment-grade ratings and a completed capital increase further improve access to financing as projects scale.
Bears Say
Phase 3 Funding And Dilution
Reliance on additional capital for Phase 3 creates execution and shareholder-return risk even with a strong current balance sheet. Equity or convertible issuance may dilute existing holders, while funding conditions could affect the pace and economics of development.
Construction Bottlenecks
Longer equipment lead times can delay data-center completion and postpone the rental income expected from new capacity. Cost inflation or procurement disruption may also raise required investment, reducing project returns and increasing execution complexity.
Barcelona Office Vacancy
The tenant departure creates a material localized vacancy that can depress office rental income and require more leasing incentives or capital to restore occupancy. Continued weakness in affected submarkets could weigh on portfolio growth and asset productivity.
MERLIN Properties SOCIMI SA News
MRLN 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 (MRLN) Earnings & Revenues
MRLN Company Deck
MRLN 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 MX:MRLN earnings summariesMRLN Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 4 | 1 | 14 |
| Technical Analysis | 2 | 1 | 4 |
| Moving Averages | 2 | 0 | 10 |