MERLIN Properties SOCIMI SA (ES:MRL)
BME:MRL
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MRL Stock Chart & Stats
€15.36
€0.27(2.60%)
At close: 4:00 PM EST
€15.36
€0.27(2.60%)
Day’s Range― - ―
52-Week Range€9.48 - €15.45
Previous CloseN/A
Volume149.40K
Average Volume (3M)1.03M
Market Cap
€9.42B
Enterprise Value€13.36B
Total Cash (Recent Filing)€849.19M
Total Debt (Recent Filing)€4.44B
Price to Earnings (P/E)8.9
Beta0.70
Next Earnings
May 15, 2026EPS Estimate
0.15Next Dividend Ex-DateN/A
Dividend Yield3.08%
Share Statistics
EPS (TTM)0.15
Shares Outstanding620,000,000
10 Day Avg. Volume1,265,993
30 Day Avg. Volume1,027,422
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.87
Price to Sales (P/S)12.98
P/FCF Ratio17.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€17.04Price Target Upside10.96% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.54
Revenue Forecast (FY)€603.87M
Bulls Say, Bears Say
Bulls Say
Stable Cash Generation (FFO Growth)Consistent FFO growth and like‑for‑like GRI expansion underpin durable rental cashflows that support distributions and reinvestment. Rising operating and free cash flow enhances capacity to fund data‑center rollouts and dividends, improving resilience versus one‑off gains.
Data Center Expansion With High YieldsData centers provide a high‑yield, contracted income stream and contributed substantial valuation uplift, diversifying MERLIN into secular digital infrastructure. Targeted double‑digit gross yields on cost and pre‑let Phase‑1 enhance visibility of long‑term recurring cash generation.
Conservative Funding Profile (low LTV)A low LTV with 100% fixed‑rate debt and maintained credit ratings provides balance sheet flexibility for large capex programs. This conservative structure limits refinancing risk, buffers rate cycles, and preserves capacity to fund development while retaining investment grade access.
Bears Say
Rising Leverage (net Debt/EBITDA)Aggressive data‑center investment has materially increased net debt/EBITDA to around 9x, raising sensitivity to financing costs and refinancing timing. Elevated leverage can absorb operating upside, constrain EPS/DPS growth, and heighten covenant and interest‑coverage risks if yields or leasing lag projections.
Earnings Quality Dependent On Revaluations2025 margins reflect significant valuation and non‑operating gains, making reported earnings volatile. Operating cash flow trails reported profits, so distributable earnings rely on repeatable cash generation rather than episodic revaluations, increasing uncertainty around sustainable dividend coverage.
Concentration And Leasing Execution RiskGrowth depends on a small number of large contracts (hyperscalers, big logistics leases) that are complex and binary. Delays or unfavourable terms can defer cash flows and stabilization of Phase‑2, while single‑asset vacancies and localized office weakness (Barcelona) amplify downside to occupancy and rent roll.
MERLIN Properties SOCIMI SA News
MRL FAQ
What was MERLIN Properties SOCIMI SA’s price range in the past 12 months?
MERLIN Properties SOCIMI SA lowest stock price was €9.48 and its highest was €15.45 in the past 12 months.
What is MERLIN Properties SOCIMI SA’s market cap?
MERLIN Properties SOCIMI SA’s market cap is €9.42B.
When is MERLIN Properties SOCIMI SA’s upcoming earnings report date?
MERLIN Properties SOCIMI SA’s upcoming earnings report date is May 15, 2026 which is in 26 days.
How were MERLIN Properties SOCIMI SA’s earnings last quarter?
MERLIN Properties SOCIMI SA released its earnings results on Feb 27, 2026. The company reported €0.15 earnings per share for the quarter, beating the consensus estimate of €0.12 by €0.03.
Is MERLIN Properties SOCIMI SA overvalued?
According to Wall Street analysts MERLIN Properties SOCIMI SA’s price is currently Undervalued.
Does MERLIN Properties SOCIMI SA pay dividends?
MERLIN Properties SOCIMI SA pays a Semiannually dividend of €0.162 which represents an annual dividend yield of 3.08%. See more information on MERLIN Properties SOCIMI SA dividends here
What is MERLIN Properties SOCIMI SA’s EPS estimate?
MERLIN Properties SOCIMI SA’s EPS estimate is 0.15.
How many shares outstanding does MERLIN Properties SOCIMI SA have?
MERLIN Properties SOCIMI SA has 620,000,000 shares outstanding.
What happened to MERLIN Properties SOCIMI SA’s price movement after its last earnings report?
MERLIN Properties SOCIMI SA reported an EPS of €0.15 in its last earnings report, beating expectations of €0.12. Following the earnings report the stock price went up 5.038%.
Which hedge fund is a major shareholder of MERLIN Properties SOCIMI SA?
Currently, no hedge funds are holding shares in ES:MRL
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
MERLIN Properties SOCIMI SA Stock Smart Score
Outperform
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10
Analyst Consensus
Strong Buy
Average Price Target:
€17.04 (10.96% Upside)
€17.04 (10.96% Upside)
Insider Transactions
Bought Shares
Worth $697.0K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
41.08%
12-Months-Change
Fundamentals
Return on Equity
9.97%
Trailing 12-Months
Asset Growth
20.24%
Trailing 12-Months
Company Description
MERLIN Properties SOCIMI SA
MERLIN Properties SOCIMI, SA, one of the main real estate companies listed on the Spanish Stock Exchange (IBEX-35), has as its main activity the acquisition and management of tertiary real estate assets in the Iberian Peninsula. The Company is a public limited company incorporated as a SOCIMI. The main activity of the Company is the acquisition, active management, operation and selective rotation of quality commercial real estate assets in the investment segment Core and Core Plus, mainly in Spain and, to a lesser extent, in Portugal. The Company focuses on the office, retail and logistics market.
MRL Company Deck
MRL Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call showed a strong operational and execution year driven by data centers and robust performance across traditional assets: FFO and like-for-like income growth, high occupancies, significant valuation uplift (largely from data centers), and record CapEx commitments underpin a positive growth runway. Offsetting factors include higher financial expenses from aggressive data center investment leading to flat 2026 EPS/DPS guidance, a rising net debt-to-EBITDA ratio, localized office softness in Barcelona, and timing/conditionality risks (EU Gigafactory, large logistics vacancy, and complex hyperscaler negotiations). Overall, achievements and growth catalysts notably outweigh the challenges, but execution and funding risks merit monitoring in the near term.View all ES:MRL earnings summariesMRL Stock 12 Month Forecast
Average Price Target
€17.04
▲(10.96% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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