MERLIN Properties SOCIMI (MRL) Stock Overview
MERLIN Properties SOCIMI, S.A. is one of the largest real estate and infrastructure companies listed on the Spanish Stock Exchange. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
MRL Community Fair Values
Create NarrativeSee what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
The future of Merlin lies in the management of data centers.
View narrative
MERLIN Properties SOCIMI, S.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €12.50 |
| 52 Week High | €15.92 |
| 52 Week Low | €11.81 |
| Beta | 0.93 |
| 1 Month Change | -11.54% |
| 3 Month Change | -19.04% |
| 1 Year Change | -2.19% |
| 3 Year Change | 55.09% |
| 5 Year Change | 33.21% |
| Change since IPO | 29.53% |
Recent News & Updates
Recent updates
Data Centers And Madrid Offices Will Unlock Future Opportunity
MERLIN Properties SOCIMI’s marginally increased price target reflects slightly improved revenue growth forecasts and a modest uptick in future P/E expectations, resulting in a new consensus fair value of €14.34. What's in the News Held an Analyst/Investor Day.Data Centers And Madrid Offices Will Unlock Future Opportunity
The consensus analyst price target for MERLIN Properties SOCIMI has ticked higher, primarily driven by a sharp improvement in valuation as indicated by a materially lower future P/E multiple, with fair value rising from €13.74 to €14.03. What's in the News Held Analyst/Investor Day event.
Merlin Properties Will Embrace the Digital Age with Data Center Expansion
Summary of MERLIN Properties’ H1 2025 results: Operational Performance Organic rental growth : +3.4% Like-for-Like (LfL). High occupancy : 95.4% overall.
Data Center Developments And Urban Trends Will Shape Positive Future Outlook
Strong market demand and strategic developments suggest improved revenue and earnings prospects in high-demand areas and logistics.Shareholder Returns
| MRL | ES REITs | ES Market | |
|---|---|---|---|
| 7D | -2.6% | -2.0% | -0.3% |
| 1Y | -2.2% | -0.5% | 26.2% |
Return vs Industry: MRL underperformed the Spanish REITs industry which returned -0.5% over the past year.
Return vs Market: MRL underperformed the Spanish Market which returned 26.2% over the past year.
Price Volatility
| MRL volatility | |
|---|---|
| MRL Average Weekly Movement | 3.0% |
| REITs Industry Average Movement | 0.7% |
| Market Average Movement | 2.9% |
| 10% most volatile stocks in ES Market | 6.2% |
| 10% least volatile stocks in ES Market | 0.5% |
Stable Share Price: MRL has not had significant price volatility in the past 3 months compared to the Spanish market.
Volatility Over Time: MRL's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2014 | 296 | Ismael Clemente Orrego | www.merlinproperties.com |
MERLIN Properties SOCIMI, S.A. is one of the largest real estate and infrastructure companies listed on the Spanish Stock Exchange. It specializes in the development, acquisition and management of commercial property in the Iberian Peninsula, mainly investing in offices, shopping centers, logistics facilities and data centers within the Core and Core Plus segments. MERLIN Properties SOCIMI, S.A. was incorporated in 2014 in Spain.
MERLIN Properties SOCIMI, S.A. Fundamentals Summary
| MRL fundamental statistics | |
|---|---|
| Market cap | €7.77b |
| Earnings (TTM) | €852.15m |
| Revenue (TTM) | €601.45m |
Is MRL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MRL income statement (TTM) | |
|---|---|
| Revenue | €601.45m |
| Cost of Revenue | €0 |
| Gross Profit | €601.45m |
| Other Expenses | -€250.70m |
| Earnings | €852.15m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Nov 12, 2026
| Earnings per share (EPS) | 1.38 |
| Gross Margin | 100.00% |
| Net Profit Margin | 141.68% |
| Debt/Equity Ratio | 55.8% |
How did MRL perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/17 17:51 |
| End of Day Share Price | 2026/09/17 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
MERLIN Properties SOCIMI, S.A. is covered by 33 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Banco de Sabadell. S.A. |
| José Francisco Cravo | Banco Santander |
| Mariano Miguel Hidalgo | Banco Santander |