MERLIN Properties SOCIMI SA (ES:MRL)
BME:MRL
Want to see ES:MRL full AI Analyst Report?
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€9.77 - €15.45
Previous CloseN/A
Volume149.40K
Average Volume (3M)1.03M
Market Cap
€9.29B
Enterprise Value€13.13B
Total Cash (Recent Filing)€849.19M
Total Debt (Recent Filing)€4.44B
Price to Earnings (P/E)8.9
Beta0.69
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
€17.05Price Target Upside11.00% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.54
Revenue Forecast (FY)€603.32M
Bulls Say, Bears Say
Bulls Say
High Portfolio OccupancySustained high occupancy across data centers, offices and logistics supports recurring rental cash flow and FFO stability. Diversified, high physical occupancy reduces vacancy risk, underpins predictable income and improves medium‑term cash generation resilience for distributions and reinvestment.
Data Center Execution & RevaluationSuccessful data center contracting and material portfolio revaluation create a structurally higher‑margin growth leg. Higher yields on cost and secured capacity shift revenue mix to long‑term, higher‑utility contracts, supporting durable GRI upside and portfolio diversification versus traditional retail/offices.
Manageable Leverage And Strong Funding ProfileLow loan‑to‑value and a 100% fixed rate debt profile reduce interest‑rate exposure and provide funding stability during multi‑year capex. Maintained ratings and active non‑core disposals show financial discipline, preserving access to capital for the data center rollout and portfolio optimisation.
Bears Say
Rising Net Debt/EBITDANet debt/EBITDA near 9x reflects aggressive multi‑year data center investment and raises leverage sensitivity. Elevated leverage increases interest burden and refinancing exposure, reducing financial flexibility and amplifying downside if leasing or valuation assumptions slip during the buildout.
Earnings Quality And Cash Conversion VariabilityStrong reported profitability is partially driven by non‑operating revaluations, while operating cash flow lags earnings. This divergence weakens earnings quality and signals that reported gains may be less repeatable, creating risk for sustainable distributable cash and dividend coverage in adverse conditions.
Execution And Leasing Complexity For GrowthMaterial upside depends on securing large hyperscaler and conditional deals for Phase‑2. These negotiations are lengthy and can alter commercial terms; failures or delays would materially reduce projected GRI and yield realization, prolonging payback and stressing leverage metrics during build phases.
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 €9.77 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 €9.29B.
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 17 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
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
€17.05 (11.00% Upside)
€17.05 (11.00% Upside)
Insider Transactions
Bought Shares
Worth €592.0K over
the Last 3 Months
the Last 3 Months
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
€17.05
▲(11.00% Upside)
Technical Analysis
Inmobiliaria Colonial
―
Realia Business
―
Arima Real Estate SOCIMI SA
―
Metrovacesa SA
―
Emperador Properties SOCIMI SA
―
Options Prices
Currently, No data available
---