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MERLIN Properties SOCIMI SA (MRPRF)
OTHER OTC:MRPRF
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.14Last Year’s EPS
0.16Same 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: 9.54%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strong organic growth and positive lease agreements, tempered by significant uncertainty and potential impact from proposed changes to the SOCIMI regime, as well as a notable share price decline.Company Guidance
During the third quarter conference call, MERLIN's CEO, Ismael Clemente, highlighted the company's robust performance despite challenges posed by potential changes to the SOCIMI regime in Spain. The company reported an impressive organic FFO growth of nearly 7% with an overall occupancy rate of 95.6%. A notable 20% increase in total shares outstanding was executed in July, leading to a temporary FFO and NPA decline of 11% and 7%, respectively, which compares favorably against a 17% theoretical dilution. MERLIN secured significant leases, including €500 million in backlog rents, contributing to a €23 million anticipated income boost next year. The firm also achieved like-for-like rent growth in offices (2.5%), logistics (3.2%), and shopping centers (2.3%), with positive release spreads of 1.7%, 4.6%, and 5.5%, respectively. The company anticipates a minimum FFO of €0.54 and a dividend of €0.40 per share for the year. Additionally, MERLIN provided €1 million in flood relief aid, demonstrating social responsibility amidst operational challenges.Strong Organic FFO Growth
The FFO has been increasing organically at close to 7% while overall occupancy improved to 95.6%.
Moody's Debt Rating Upgrade
Moody's upgraded MERLIN's debt rating to BAA1, following an upgrade by S&P to BBB+.
Significant Lease Agreements
Signed large leases securing more than €500 million in backlog rents, including a 15-megawatt lease in Barcelona data center.
Positive Like-for-Like Growth in Rents
Achieved satisfactory like-for-like growth in rents: 2.5% in offices, 3.2% in logistics, and 2.3% in shopping centers.
Dividend Announcement
Proposed a dividend of €0.18 per share payable on December 10th.
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MRPRF 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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MRPRF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 15, 2024 | $10.59 | $10.65 | +0.57% |
| Jul 19, 2024 | $11.27 | $11.34 | +0.62% |
| May 17, 2024 | $11.90 | $11.87 | -0.25% |
| Feb 29, 2024 | $9.16 | $9.76 | +6.55% |
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 (MRPRF) report earnings?
MERLIN Properties SOCIMI SA (MRPRF) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is MERLIN Properties SOCIMI SA (MRPRF) earnings time?
MERLIN Properties SOCIMI SA (MRPRF) 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 MRPRF EPS forecast?
MRPRF EPS forecast for the fiscal quarter 2024 (Q4) is 0.14.
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