MRPRF (Merlin Properties SOCIMI) Other Operating Expense: $161.4 Mil (TTM As of Mar. 2026)


MRPRF Merlin Properties SOCIMI SA MRPRF
81 GF Score
Price $17.90
GF Value $12.51
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Merlin Properties SOCIMI Other Operating Expense?

Merlin Properties SOCIMI MRPRF +0.56% 81 Other Operating Expense is $161.4 Mil as of Mar. 2026. GuruFocus rates MRPRF with a GF Score™ of 81/100 and a GF Value™ of $12.51 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Merlin Properties SOCIMI's Other Operating Expense for the three months ended in Mar. 2026 was $36.3 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $161.4 Mil.

Merlin Properties SOCIMI's quarterly Other Operating Expense increased from Sep. 2025 ($49.7 Mil) to Dec. 2025 ($51.0 Mil) but then declined from Dec. 2025 ($51.0 Mil) to Mar. 2026 ($36.3 Mil).

Merlin Properties SOCIMI's annual Other Operating Expense increased from Dec. 2023 ($107.6 Mil) to Dec. 2024 ($108.4 Mil) and increased from Dec. 2024 ($108.4 Mil) to Dec. 2025 ($149.6 Mil).

Merlin Properties SOCIMI Other Operating Expense Historical Data

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The historical data trend for Merlin Properties SOCIMI's Other Operating Expense can be seen below:

* 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 Other Operating Expense Chart

Merlin Properties SOCIMI Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 101.80 103.44 107.65 108.35 149.63

Merlin Properties SOCIMI Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Other Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.99 24.48 49.73 50.98 36.25
MRPRF
81GF Score
Merlin Properties SOCIMI SA MRPRF
Other Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Merlin Properties SOCIMI Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $161.4 Mil.

* 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.

What does a Other Operating Expense of $161.4 Mil mean?
Merlin Properties SOCIMI (MRPRF) has a Other Operating Expense of $161.4 Mil as of Mar. 2026. Other operating expenses that a company records on its income statement. View historical data on Merlin Properties SOCIMI and its competitors.
Is Merlin Properties SOCIMI's Other Operating Expense too high?
Merlin Properties SOCIMI's current Other Operating Expense is $161.4 Mil. Overall, Merlin Properties SOCIMI has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merlin Properties SOCIMI's Other Operating Expense compare to BXP and ARE?
Merlin Properties SOCIMI's Other Operating Expense of $161.4 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Operating Expense for a REITs company?
A good Other Operating Expense depends on the REITs industry context. However, Other Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Merlin Properties SOCIMI and its competitors. Merlin Properties SOCIMI's current Other Operating Expense is $161.4 Mil. 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 $12.51, compared to a current price of $17.90 — trading 43.1% above its estimated fair value. The current Other Operating Expense is $161.4 Mil. Merlin Properties SOCIMI's overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Merlin Properties SOCIMI (MRPRF), the current Other Operating Expense is $161.4 Mil 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 43.1% above its estimated GF Value™ of $12.51. GuruFocus considers Merlin Properties SOCIMI to be Significantly Overvalued.

Key valuation signals for MRPRF:

  • Other Operating Expense: $161.4 Mil
  • GF Value™: $12.51 vs. price of $17.90 (43.1% above fair value)
  • GF Score™: 81/100 with 8 warning signs

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 SOCIMI Business Description

Industry Real EstateREITs
Address Paseo de la Castellana 257, Madrid, ESP, 28046
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.
81GF Score

Get the complete analysis for MRPRF

Other Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$17.90
Price
$12.51
GF Value