Business Description
Merlin Properties SOCIMI SA
ISIN : ES0105025003
Total Employee Number:
295Compare
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Traded in other countries / regions
MRL.Spain0QVM.UKMEQA.GermanyMRL.PortugalMRPRF.USAMERL.AustriaMRLN.Mexico Index Membership
STOXX Europe 600IBEX 35 IPO Date
2014-06-30Description
Merlin Properties is Spain's largest listed SOCIMI/REIT, managing a EUR 12.6 billion portfolio across offices, logistics, shopping centers, and data centers. Over the coming years, it will bring 730 MW of data center capacity online, increasing its gross rental income contribution from just 6% in 2025 to 65% by 2032. Its total GRI will more than triple to EUR 1.8 billion, driven by this "Mega" plan. Additionally, it has a pipeline of 4.4 GW worth of land at varying stages of readiness it can develop.
Financial Strength
5/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Cash-To-Debt | 0.33 | |||||
Equity-to-Asset | 0.59 | |||||
Debt-to-Equity | 0.59 | |||||
Debt-to-EBITDA | 5.53 | |||||
Interest Coverage | 2.72 | |||||
Piotroski F-Score | 4/9 | |||||
Altman Z-Score | 1.25 | |||||
Beneish M-Score | -1.98 | |||||
WACC vs ROIC | ||||||
Growth Rank
8/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
3-Year Revenue Growth Rate | 0.7 | |||||
3-Year EBITDA Growth Rate | 72.9 | |||||
3-Year FCF Growth Rate | 15.2 | |||||
3-Year Book Growth Rate | -0.6 | |||||
Future 3-5Y Total Revenue Growth Rate Estimate | 15.68 |
Momentum Rank
8/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
5-Day RSI | 46.68 | |||||
9-Day RSI | 45.93 | |||||
14-Day RSI | 47.65 | |||||
3-1 Month Momentum % | -1.73 | |||||
6-1 Month Momentum % | 18.94 | |||||
12-1 Month Momentum % | 31.9 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Current Ratio | 1.72 | |||||
Quick Ratio | 1.72 | |||||
Cash Ratio | 1.56 | |||||
Days Inventory | 1295.85 | |||||
Days Sales Outstanding | 52.64 | |||||
Days Payable | 3706.08 |
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Dividend Yield % | 1.44 | |||||
Dividend Payout Ratio | 0.37 | |||||
3-Year Dividend Growth Rate | -29.5 | |||||
Forward Dividend Yield % | 1.44 | |||||
5-Year Yield-on-Cost % | 2.63 | |||||
3-Year Average Share Buyback Ratio | -6.3 | |||||
Shareholder Yield % | 1.84 |
Profitability Rank
6/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Gross Margin % | 97.19 | |||||
Operating Margin % | 72.13 | |||||
Net Margin % | 140.94 | |||||
EBITDA Margin % | 173.43 | |||||
FCF Margin % | 73.29 | |||||
OCF Margin % | 75.2 | |||||
ROE % | 9.63 | |||||
ROA % | 5.54 | |||||
ROIC % | 2.94 | |||||
3-Year ROIIC % | 7 | |||||
ROC (Joel Greenblatt) % | 4007.35 | |||||
ROCE % | 7.15 | |||||
Years of Profitability over Past 10-Year | 9 | |||||
Moat Score | 5 | |||||
Tariff Resilience Score | 8 |
GF Value Rank
5/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Price-to-FFO | 10.91 | |||||
PE Ratio | 10.98 | |||||
Forward PE Ratio | 27.7 | |||||
PE Ratio without NRI | 13.1 | |||||
Shiller PE Ratio | 12.34 | |||||
PEG Ratio | 0.9 | |||||
PS Ratio | 15.8 | |||||
PB Ratio | 1.04 | |||||
Price-to-Tangible-Book | 1.04 | |||||
Price-to-Free-Cash-Flow | 20.91 | |||||
Price-to-Operating-Cash-Flow | 20.36 | |||||
EV-to-EBIT | 13.5 | |||||
EV-to-Forward-EBIT | 11.02 | |||||
EV-to-EBITDA | 13.43 | |||||
EV-to-Forward-EBITDA | 10.95 | |||||
EV-to-Revenue | 23.28 | |||||
EV-to-Forward-Revenue | 20.69 | |||||
EV-to-FCF | 32.34 | |||||
Price-to-GF-Value | 1.38 | |||||
Price-to-Projected-FCF | 0.96 | |||||
Price-to-Median-PS-Value | 1.45 | |||||
Price-to-Graham-Number | 0.78 | |||||
Earnings Yield (Greenblatt) % | 7.41 | |||||
FCF Yield % | 4.34 | |||||
Forward Rate of Return (Yacktman) % | 17.7 |
Operating Revenue by Business Segment
Operating Revenue by Geographic Region
Historical Operating Revenue by Business Segment
Historical Operating Revenue by Geographic Region
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Performance
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Annualized Return % Â
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Merlin Properties SOCIMI SA Executives
DetailsAnalyst Estimate
Key Statistics
| Name | Value | ||
|---|---|---|---|
| Revenue (TTM) (Mil €) | 552.661 | ||
| EPS (TTM) (€) | 1.37 | ||
| Beta | 1.0918 | ||
| 3-Year Sharpe Ratio | 0.9 | ||
| 3-Year Sortino Ratio | 1.81 | ||
| Volatility % | 24.53 | ||
| 14-Day RSI | 47.65 | ||
| 14-Day ATR (€) | 0.294696 | ||
| 20-Day SMA (€) | 15.308 | ||
| 12-1 Month Momentum % | 31.9 | ||
| 52-Week Range (€) | 11.06 - 15.92 | ||
| Shares Outstanding (Mil) | 619.09 |
Piotroski F-Score Details
Year:
| Component | Result | ||
|---|---|---|---|
| Piotroski F-Score | 4 | ||
| Positive ROA | |||
| Positive CFROA | |||
| Higher ROA yoy | |||
| CFROA > ROA | |||
| Lower Leverage yoy | |||
| Higher Current Ratio yoy | |||
| Less Shares Outstanding yoy | |||
| Higher Gross Margin yoy | |||
| Higher Asset Turnover yoy |
Merlin Properties SOCIMI SA Filings
| Filing Date | Document Date | Form | ||
|---|---|---|---|---|
| No Filing Data | ||||
Merlin Properties SOCIMI SA Stock Events
| Event | Date | Price (€) | ||
|---|---|---|---|---|
| Third quarter earnings conference call for 2026 | 2026-11-13 15:00 | In 126 days | ||
| Third quarter earnings results for 2026 | 2026-11-13 | In 125 days | ||
| Second quarter earnings conference call for 2026 | 2026-07-30 15:00 | In 20 days | ||
| Second quarter earnings results for 2026 | 2026-07-30 | In 19 days | ||
| First quarter earnings conference call for 2026 | 2026-05-14 15:00 | 14.65 (+0.07%) | ||
| First quarter earnings results for 2026 | 2026-05-14 | 14.65 (+0.07%) | ||
| EUR 0.015100 Cash Dividend | 2026-05-07 | 15.16 (+1.40%) | ||
| General meeting for 2026 | 2026-04-28 12:00 | 14.98 (-0.40%) | ||
| Fourth quarter earnings conference call for 2025 | 2026-02-27 15:00 | 14.29 (+0.78%) | ||
| Fourth quarter earnings results for 2025 | 2026-02-27 | 14.29 (+0.78%) |
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Merlin Properties SOCIMI SA Frequently Asked Questions
What is Merlin Properties SOCIMI SA(XMAD:MRL)'s stock price today?
The current price of XMAD:MRL is €15.05. The 52 week high of XMAD:MRL is €15.92 and 52 week low is €11.06.
When is next earnings date of Merlin Properties SOCIMI SA(XMAD:MRL)?
The next earnings date of Merlin Properties SOCIMI SA(XMAD:MRL) is 2026-07-30.
Does Merlin Properties SOCIMI SA(XMAD:MRL) pay dividends? If so, how much?
The Dividend Yield %  of Merlin Properties SOCIMI SA(XMAD:MRL) is 1.44% (As of Today), Highest Dividend Payout Ratio of Merlin Properties SOCIMI SA(XMAD:MRL) was 2.14. The lowest was 0.17. And the median was 0.39. The  Forward Dividend Yield % of Merlin Properties SOCIMI SA(XMAD:MRL) is 1.44%. For more information regarding to dividend, please check our Dividend Page.
Press Release
| Subject | Date | ||
|---|---|---|---|
| MERLIN Properties and Edged Expand Global Reach of New Barcelona Data Center with Connections to Barcelona Cable Landing Station, EXA and Axent | 2024-01-10 |
Articles on Merlin Properties SOCIMI SA
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