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 148.87B
- 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
- 2.94
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 1.47%
Bulls Say, Bears Say
Bulls Say
Recurring Rental And FFO Growth
Rental growth, higher FFO and upgraded annual guidance indicate improving recurring operating performance across the portfolio. Sustained occupancy and like-for-like rent increases can support cash earnings over the next several quarters, strengthening the company’s ability to fund distributions and development.
Data-center Commercialization
Rapid data-center leasing creates a meaningful avenue for portfolio growth beyond traditional offices, logistics and retail. The fully let first phase and accelerating commercialization provide evidence of customer demand that could expand recurring rental income as capacity becomes operational.
Balance-sheet Liquidity
Low loan-to-value, substantial liquidity and maintained investment-grade ratings provide financial flexibility for upcoming maturities and development spending. This conservative funding position helps MERLIN absorb operating volatility while continuing to invest in data centers and other assets.
Bears Say
Funding Needs And Dilution Risk
The need to raise additional capital for Phase 3 could increase financing complexity and dilute existing shareholders if equity-linked instruments are used. It also means the company must secure external funding before capturing the full earnings potential of its development pipeline.
Data-center Execution Constraints
Longer equipment lead times and procurement bottlenecks can raise development costs or delay the delivery of income-producing capacity. These constraints may weaken the timing and economics of data-center expansion, particularly while capital deployment is being brought forward.
Office Vacancy Exposure
The tenant departure at Torre Glories demonstrates that selected office assets remain exposed to concentrated vacancy risk. Lower occupancy can reduce rental income and release spreads, while re-leasing or repositioning space may take time and require additional investment.
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 |








