Merlin Properties SOCIMI (MEX:MRLN) Tax Provision: MXN-584 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:MRLN Merlin Properties SOCIMI SA MEX:MRLN
83 GF Score
Price MXN286.60
GF Value MXN206.42
! 8 Warning Signs
View Full Analysis

What is Merlin Properties SOCIMI Tax Provision?

Merlin Properties SOCIMI MEX:MRLN 83 Tax Provision is MXN-584 Mil as of Mar. 2026. GuruFocus rates MEX:MRLN with a GF Score™ of 83/100 and a GF Value™ of MXN206.42. The stock has 8 warning signs investors should review.

Merlin Properties SOCIMI's tax provision for the three months ended in Mar. 2026 was MXN-31 Mil. Its tax provision for the trailing twelve months (TTM) ended in Mar. 2026 was MXN-584 Mil.


Merlin Properties SOCIMI Tax Provision Historical Data

* Premium members only.

The historical data trend for Merlin Properties SOCIMI's Tax Provision 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 Tax Provision Chart

Merlin Properties SOCIMI Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only -181.03 -140.44 -157.43 -266.32 -571.84

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
Tax Provision 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 -28.31 -253.79 -43.23 -256.13 -31.25
MEX:MRLN
83GF Score
Merlin Properties SOCIMI SA MEX:MRLN
Tax Provision is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merlin Properties SOCIMI Tax Provision Calculation

Tax to be paid.

Tax Provision 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 MXN-584 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.

Frequently Asked Questions Learn more about Tax Provision →
What does a Tax Provision of MXN-584 Mil mean?
Merlin Properties SOCIMI (MEX:MRLN) has a Tax Provision of MXN-584 Mil as of Mar. 2026. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Merlin Properties SOCIMI and its competitors.
Is Merlin Properties SOCIMI's Tax Provision too high?
Merlin Properties SOCIMI's current Tax Provision is MXN-584 Mil. Overall, Merlin Properties SOCIMI has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Merlin Properties SOCIMI's Tax Provision compare to BXP and ARE?
Merlin Properties SOCIMI's Tax Provision of MXN-584 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 Tax Provision for a REITs company?
A good Tax Provision depends on the REITs industry context. However, Tax Provision 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 Tax Provision mean?
A high Tax Provision can signal that a stock is expensive relative to its fundamentals. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Merlin Properties SOCIMI and its competitors. Merlin Properties SOCIMI's current Tax Provision is MXN-584 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?
Merlin Properties SOCIMI (MEX:MRLN) has a current Tax Provision of MXN-584 Mil. The stock's GF Value™ is MXN206.42, compared to a current price of MXN286.60 — trading 38.8% above its estimated fair value. The current Tax Provision is MXN-584 Mil. Merlin Properties SOCIMI's overall GF Score™ is 83/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Provision calculated?
Tax Provision is calculated from a company's financial statements. For Merlin Properties SOCIMI (MEX:MRLN), the current Tax Provision is MXN-584 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 (MEX:MRLN) Overvalued in 2026?

Based on GuruFocus' analysis, Merlin Properties SOCIMI stock appears to be overvalued. The current stock price of MXN286.60 is trading 38.8% above its estimated GF Value™ of MXN206.42.

Key valuation signals for MEX:MRLN:

  • Tax Provision: MXN-584 Mil
  • GF Value™: MXN206.42 vs. price of MXN286.60 (38.8% above fair value)
  • GF Score™: 83/100 with 8 warning signs

No single metric tells the full story. See the MEX:MRLN 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.
83GF Score

Get the complete analysis for MEX:MRLN

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

MXN286.60
Price
MXN206.42
GF Value