May 14, 2025 / 01:00PM GMT
Ines Arellano - MERLIN Properties SOCIMI SA - Director, IR Contact
Good afternoon ladies and gentlemen. Welcome and thank you for joining MERLIN's first quarter trading update conference call. As we always do on first and third quarter, our CEO, Ismael Clemente, will briefly go to the main highlights of the quarter and then we'll open the line for Q&A. (Operator Instructions)
Ismael Clemente Orrego - MERLIN Properties SOCIMI SA - Chief Executive Officer, Executive Vice Chairman of the Board of Directors
Thank you, Enad. Welcome to MERLIN first-quarter results presentation. It's been a pretty solid quarter overall. In terms of consolidated performance, growth rents went up by 2.7%. It was okay. And particularly we improved significantly our margins. And the FFO went up by almost 17%, which is good.
We have significantly shrunk the dilution caused by the capital increase. So we are running at present at minus 2.6% FFO per share, which is remarkable given the new share count. In terms of MTA, despite not having revalued in the quarter, we are running
Q1 2025 MERLIN Properties SOCIMI SA Earnings Call Transcript
May 14, 2025
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