Merlin Properties SOCIMIMRPRF +0.56%81 5-Year Yield-on-Cost % is 4.88 as of Jul. 07, 2026, which is 30% below its 10-year median of 6.97. 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. Among 876 REITs companies, Merlin Properties SOCIMI ranks worse than 91.32% on this metric.
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Merlin Properties SOCIMI 5-Year Yield-on-Cost % Related Terms
MRPRF vs BXP, ARE, VNO: 5-Year Yield-on-Cost % Comparison
For the REIT - Office subindustry, Merlin Properties SOCIMI's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs REITs Industry
For the REITs industry and Real Estate sector, Merlin Properties SOCIMI's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Merlin Properties SOCIMI's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Merlin Properties SOCIMI (MRPRF) has a 5-Year Yield-on-Cost % of 4.88 as of Jul. 07, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Merlin Properties SOCIMI and its competitors. This is 30% below median its historical median of 6.97. Over the past decade, Merlin Properties SOCIMI's 5-Year Yield-on-Cost % has ranged from 2.77 to 28.61. According to the industry distribution chart, Merlin Properties SOCIMI ranks #800 out of 876 companies in the REITs industry, placing it in the top 91.3%.
Is Merlin Properties SOCIMI's 5-Year Yield-on-Cost % too high?
Merlin Properties SOCIMI's current 5-Year Yield-on-Cost % of 4.88 is 30% below median its 10-year median of 6.97. Over the past 10 years, this metric has ranged from a low of 2.77 to a high of 28.61. The REITs industry median 5-Year Yield-on-Cost % is 7.24. Merlin Properties SOCIMI's value of 4.88 is 32.6% below this industry median. Based on the distribution chart, Merlin Properties SOCIMI ranks #800 out of 876 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 5-Year Yield-on-Cost % compare to BXP and ARE?
According to the REITs industry distribution chart, Merlin Properties SOCIMI ranks #800 out of 876 companies for 5-Year Yield-on-Cost %. This places Merlin Properties SOCIMI in the lower half of its industry. The industry median 5-Year Yield-on-Cost % is 7.24. Merlin Properties SOCIMI's value of 4.88 is 32.6% below this benchmark. Historically, Merlin Properties SOCIMI's own 5-Year Yield-on-Cost % has ranged from 2.77 to 28.61 over the past decade. While the company's 10-year median is 6.97 vs. the industry median of 7.24, Merlin Properties SOCIMI has consistently been below 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 5-Year Yield-on-Cost % for a REITs company?
The median 5-Year Yield-on-Cost % among REITs companies is 7.24, based on 876 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merlin Properties SOCIMI's current 5-Year Yield-on-Cost % of 4.88 is 32.6% below 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Merlin Properties SOCIMI and its competitors. For the REITs industry, the median 5-Year Yield-on-Cost % is 7.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merlin Properties SOCIMI's current 5-Year Yield-on-Cost % is 4.88, which is 30% below median its own 10-year median of 6.97. 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 5-Year Yield-on-Cost % is 4.88, which is 30% below median its 10-year median of 6.97 and 32.6% below the REITs industry median of 7.24. 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 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Merlin Properties SOCIMI (MRPRF), the current 5-Year Yield-on-Cost % is 4.88 as of Jul. 07, 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:
5-Year Yield-on-Cost %: 4.88 (30% below median its 10-year median of 6.97)
GF Value™: $12.51 vs. price of $17.90 (43.1% above fair value)
Industry Position: 32.6% below the REITs median (#800 of 876)
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.
81GF Score
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