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MERLIN Properties SOCIMI SA (ES:MRL)
BME:MRL
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.13Last Year’s EPS
0.15Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 15, 2018
|% Change Since: 12.24%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with strong progress and achievements in data center capacity expansion, stable occupancy, and credit rating improvement. However, these positive aspects were offset by challenges in financial metrics and office market valuations. The sentiment is cautiously optimistic with strategic plans in place to address current challenges.Company Guidance
During MERLIN Properties' Q1 2024 earnings call, several key performance metrics were discussed. The company reported a 3.8% like-for-like increase in gross rents, with 2/3 attributed to inflation and 1/3 to real rental growth. However, the FFO per share declined by 4.4%, primarily due to costs associated with the underperforming data center division. Occupancy remained stable at 95.8%, despite Q1 typically being a low renewal period. The company executed EUR 3 million in divestments, with EUR 10 million in deposits for EUR 80 million in anticipated disposals. S&P upgraded MERLIN to BBB+, marking a significant achievement. Rent like-for-like growth was 2.8% in offices, with a release spread of 3.4%. Logistics and shopping centers saw increases of 4.9% and 4.8%, respectively. The data center capacity is expected to reach 14 megawatts by the end of Q2 and 26 megawatts by Q3, growing to 44 megawatts by Q1 2025. The company is also exploring capital increase options, with a decision anticipated by summer.Upgrade by S&P to BBB+
MERLIN Properties received an upgrade to BBB+ by S&P, marking it as one of the few companies to receive such an upgrade in the past year.
Stable Occupancy Rates
Occupancy rates remained stable at 95.8% despite the usual first-quarter renewal cycle, indicating strong lease stability.
Significant Disposals
Disposed of EUR 79.3 million worth of non-core assets at a 16.1% markup to book value, enhancing the company's cash flow and balance sheet.
Data Center Capacity Expansion
Plans to increase data center capacity to 60 megawatts by end of 2025, with substantial progress in utility supply and site readiness.
Office and Logistics Rent Growth
Office rents grew by 2.8% with a positive release spread of 3.4%, and logistics saw a 5.2% increase, showing resilience in these segments.
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ES:MRL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ES:MRL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 15, 2024 | €9.60 | €9.76 | +1.65% |
| Jul 19, 2024 | €10.14 | €10.16 | +0.20% |
| May 17, 2024 | €10.84 | €10.66 | -1.65% |
| Feb 29, 2024 | €8.45 | €8.59 | +1.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MERLIN Properties SOCIMI SA (ES:MRL) report earnings?
MERLIN Properties SOCIMI SA (ES:MRL) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is MERLIN Properties SOCIMI SA (ES:MRL) earnings time?
MERLIN Properties SOCIMI SA (ES:MRL) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of MERLIN Properties SOCIMI SA stock?
The P/E ratio of MERLIN Properties SOCIMI SA is N/A.
What is ES:MRL EPS forecast?
ES:MRL EPS forecast for the fiscal quarter 2024 (Q4) is 0.13.
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