MERLIN Properties SOCIMI SA ( (ES:MRL) ) has issued an announcement.
MERLIN Properties reported a successful year with a 5.2% increase in gross rents and over €500 million in revenue. The company’s EBITDA rose by 3.3% to €379.2 million, and operating profit improved by 9.4% to €310.8 million. The revaluation of data centers significantly contributed to offsetting yield adjustments in other asset categories. Credit ratings from S&P and Moody’s improved due to low indebtedness and better cash flow. The company also achieved high occupancy rates, particularly in its logistics portfolio, and signed several turnkey projects, indicating strong operational performance and strategic positioning in the real estate market.
More about MERLIN Properties SOCIMI SA
MERLIN Properties SOCIMI SA is a leading real estate company specializing in the acquisition, development, and management of commercial properties, with a strong focus on offices, logistics, and data centers primarily in Spain and Portugal.
YTD Price Performance: 13.82%
Average Trading Volume: 615
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.27B
See more data about MRL stock on TipRanks’ Stock Analysis page.