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MERLIN Properties SOCIMI SA (ES:MRL)
BME:MRL
MRL Stock Chart & Stats
€13.63
€0.27(2.60%)
At close: 4:00 PM EST
€13.63
€0.27(2.60%)
Day’s Range― - ―
52-Week Range€8.48 - €15.36
Previous CloseN/A
Volume149.40K
Average Volume (3M)1.03M
Market Cap
€7.83B
Enterprise Value€11.69B
Total Cash (Recent Filing)€849.19M
Total Debt (Recent Filing)€4.44B
Price to Earnings (P/E)8.6
Beta0.67
Next Earnings
May 15, 2026EPS Estimate
0.15Next Dividend Ex-DateN/A
Dividend Yield3.08%
Share Statistics
EPS (TTM)0.15
Shares Outstanding563,724,900
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
€16.90Price Target Upside23.99% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.55
Revenue Forecast (FY)€603.02M
Bulls Say, Bears Say
Bulls Say
Stable Cash Generation (FFO & GRI Growth)Consistent FFO and like‑for‑like rental income growth across asset classes indicates durable operating cash generation. High occupancies reduce vacancy risk and support predictable rental streams, underpinning dividend capacity and funding for selective growth over the next 2–6 months.
Data Center Execution And Higher-yield EarningsSuccessful data‑center execution converted capacity into contracted cash flows and meaningful revaluations. Higher gross yields on cost and Phase‑2 scale create a durable, higher‑margin income stream that diversifies revenue away from traditional commercial cycles over the medium term.
Conservative Leverage Profile And Capital AccessA low LTV with 100% fixed‑rate debt and maintained S&P/Moody’s ratings materially reduces refinancing and repricing risk. Strong NTA and credit standing support access to capital to fund data‑center CapEx while preserving financial flexibility and dividend policy resilience.
Bears Say
Rising Leverage And Heavy CapEx NeedsNet debt/EBITDA rising toward ~9.0x alongside record Phase‑2 CapEx commitments increases leverage and funding risk. Elevated investment needs heighten exposure to higher financing costs and capital‑market execution, which can pressure EPS/DPS and restrict optionality if rates or financing spreads widen.
Earnings Quality And Cash Conversion MismatchReported profits include sizable revaluation and non‑operating gains, while operating cash covers only a modest portion of net income. This weakens the durability of reported earnings and increases the risk that distributable cash and dividend coverage will be strained if revaluations normalise.
Market Concentration And Leasing Execution RiskLocal market oversupply (Barcelona offices), a binary logistics leasing dependency, and complex hyperscaler negotiations create concentrated execution risks. These factors can produce material near‑term revenue volatility and delay stabilisation of new assets or re‑lettings over the next 2–6 months.
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 €8.48 and its highest was €15.36 in the past 12 months.
What is MERLIN Properties SOCIMI SA’s market cap?
MERLIN Properties SOCIMI SA’s market cap is €7.83B.
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 59 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 563,724,900 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
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
€16.90 (23.99% Upside)
€16.90 (23.99% Upside)
Insider Transactions
Bought Shares
Worth €184.5K 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
€16.90
▲(23.99% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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