Merlin Properties SOCIMIMRPRF +0.56%77 Interest Coverage is 3.43 as of Mar. 2026, which is 14% above its 10-year median of 3.01. GuruFocus rates MRPRF with a GF Score™ of 77/100 and a GF Value™ of $12.56 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 701 REITs companies, Merlin Properties SOCIMI ranks worse than 55.78% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Merlin Properties SOCIMI's
Operating Income
for the
three
months ended in Mar. 2026 was $114.9 Mil. Merlin Properties SOCIMI's Interest Expense for the
three
months ended in Mar. 2026 was $-33.4 Mil.
Merlin Properties SOCIMI's interest coverage for the quarter that ended in Mar. 2026 was 3.43.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Merlin Properties SOCIMI's Interest Coverage or its related term are showing as below:
MRPRF'
s Interest Coverage Range Over the Past 10 Years
Min: 2.49 Med: 3.01 Max: 4.3
Current: 2.72
MRPRF's Interest Coverage is ranked worse than 55.78% of 701
companies
in the REITs industry
Industry Median: 3.12
vs MRPRF: 2.72
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Merlin Properties SOCIMI Interest Coverage Related Terms
Merlin Properties SOCIMI Interest Coverage Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
MRPRF vs BXP, ARE, VNO: Interest Coverage Comparison
For the REIT - Office subindustry, Merlin Properties SOCIMI's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Merlin Properties SOCIMI Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Merlin Properties SOCIMI's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Merlin Properties SOCIMI's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Merlin Properties SOCIMI (MRPRF) has a Interest Coverage of 3.43 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Merlin Properties SOCIMI and its competitors. This is 14% above median its historical median of 3.01. Over the past decade, Merlin Properties SOCIMI's Interest Coverage has ranged from 2.49 to 4.30. According to the industry distribution chart, Merlin Properties SOCIMI ranks #391 out of 701 companies in the REITs industry, placing it in the top 55.8%.
Is Merlin Properties SOCIMI's Interest Coverage too high?
Merlin Properties SOCIMI's current Interest Coverage of 3.43 is 14% above median its 10-year median of 3.01. Over the past 10 years, this metric has ranged from a low of 2.49 to a high of 4.30. The REITs industry median Interest Coverage is 3.12. Merlin Properties SOCIMI's value of 3.43 is 9.9% above this industry median. Based on the distribution chart, Merlin Properties SOCIMI ranks #391 out of 701 companies in the REITs industry, which is below the industry midpoint. Overall, Merlin Properties SOCIMI has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merlin Properties SOCIMI's Interest Coverage compare to BXP and ARE?
According to the REITs industry distribution chart, Merlin Properties SOCIMI ranks #391 out of 701 companies for Interest Coverage. This places Merlin Properties SOCIMI in the lower half of its industry. The industry median Interest Coverage is 3.12. Merlin Properties SOCIMI's value of 3.43 is 9.9% above this benchmark. Historically, Merlin Properties SOCIMI's own Interest Coverage has ranged from 2.49 to 4.30 over the past decade. While the company's 10-year median is 3.01 vs. the industry median of 3.12, Merlin Properties SOCIMI has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.12, based on 701 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merlin Properties SOCIMI's current Interest Coverage of 3.43 is 9.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Merlin Properties SOCIMI and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merlin Properties SOCIMI's current Interest Coverage is 3.43, which is 14% above median its own 10-year median of 3.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merlin Properties SOCIMI stock overvalued right now?
Based on GuruFocus' analysis, Merlin Properties SOCIMI (MRPRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.56, compared to a current price of $17.90 — trading 42.5% above its estimated fair value. The current Interest Coverage is 3.43, which is 14% above median its 10-year median of 3.01 and 9.9% above the REITs industry median of 3.12. Merlin Properties SOCIMI's overall GF Score™ is 77/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Merlin Properties SOCIMI (MRPRF), the current Interest Coverage is 3.43 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Merlin Properties SOCIMI (MRPRF) Overvalued in 2026?
Based on GuruFocus' analysis, Merlin Properties SOCIMI stock appears to be overvalued.
The current stock price of $17.90 is trading 42.5% above its estimated GF Value™ of $12.56.
GuruFocus considers Merlin Properties SOCIMI to be Significantly Overvalued.
Key valuation signals for MRPRF:
Interest Coverage: 3.43 (14% above median its 10-year median of 3.01)
GF Value™: $12.56 vs. price of $17.90 (42.5% above fair value)
Industry Position: 9.9% above the REITs median (#391 of 701)
No single metric tells the full story. See the MRPRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
77GF Score
Get the complete analysis for MRPRF
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MRPRF has been successfully added to your 
