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Merlin Properties SOCIMI SA

Merlin Properties SOCIMI SA

MRL · MC · Real Estate / REIT - Office

11.70EUR-0.08 (-0.68%)

Price History

Full chart

Market Stats

Previous Close11.78
Open11.94
Day Range11.70 – 11.94
52-Week Range11.64 – 15.92
Volume4.86M
Market Cap7.50B
P/E (TTM)8.24
Forward P/E22.08
EPS1.47
Dividend Yield1.78%
Beta0.93
50-Day Avg13.54
200-Day Avg14.02

About

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.

Company Details

  • SectorReal Estate
  • IndustryREIT - Office
  • CEOMr. Ismael Clemente Orrego
  • Employees296
  • HeadquartersPaseo de la Castellana, 257, Madrid, Spain, 28046, Spain
  • Websitehttps://www.merlinproperties.com

Leadership

  • Mr. Ismael Clemente OrregoExecutive Vice-Chairman & CEO · b. 1970
  • Mr. Miguel OñateChief Corporate Officer, COO & Director
  • Ms. Ines ArellanoDirector
  • Ms. Mónica Eloisa Martín de Vidales GodinoSecretary
  • Mr. Jon Ander Navarro MendizabalDirector of Internal Audit
  • Francisco RivasDirector
  • Mr. Ildefonso Polo Del MármolVice-Secretary

Financials

Income Statement

Currency: EUR2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue93.40M56.62M214.43M351.65M463.29M590.43M514.85M446.13M382.83M439.04M504.70M503.02M538.96M
Growth (%)--39.38%+278.74%+63.99%+31.75%+27.44%-12.80%-13.35%-14.19%+14.68%+14.96%-0.33%+7.15%
Cost of Revenue-2.58M10.24M19.74M35.56M41.75M47.78M45.45M46.32M49.10M43.82M75.82M-
Gross Profit93.40M54.03M204.19M331.90M427.73M548.68M467.07M400.68M336.51M389.94M420.96M427.20M538.96M
Gross Margin100.00%95.43%95.23%94.39%92.32%92.93%90.72%89.81%87.90%88.82%83.41%84.93%100.00%
Operating Expense29.02M16.04M26.19M-268.48M-787.95M-545.97M87.81M160.14M-134.13M301.50M412.05M208.96M307.29M
Operating Income64.38M38.00M178.00M600.38M1.22B1.09B379.26M240.54M470.64M88.44M8.91M218.24M231.68M
Operating Margin68.93%67.11%83.01%170.74%262.40%185.40%73.66%53.92%122.94%20.14%1.76%43.39%42.99%
EBITDA115.25M69.30M112.95M687.63M1.25B1.03B702.89M193.29M518.04M153.42M36.60M287.27M307.33M
EBITDA Margin123.39%122.41%52.67%195.55%268.75%174.00%136.52%43.33%135.32%34.95%7.25%57.11%57.02%
Net Income-25.74M49.67M49.08M582.64M1.10B854.88M563.64M56.36M512.22M263.09M-83.50M124.43M128.25M
Net Income Margin-27.55%87.73%22.89%165.69%237.52%144.79%109.48%12.63%133.80%59.92%-16.54%24.74%23.80%
R&D---1.662.341.51.120.130.960.050.24--
R&D as % of Total Revenue---0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense88.75M18.55M55.57M90.23M121.23M112.76M110.06M136.06M113.01M103.38M109.52M130.21M135.94M
Interest Expense % of Total Revenue95.03%32.77%25.91%25.66%26.17%19.10%21.38%30.50%29.52%23.55%21.70%25.89%25.22%

Balance Sheet

Currency: EUR2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-2.42B6.92B10.92B12.01B12.57B13.31B13.48B14.27B12.05B12.07B13.46B14.27B
Total Liabilities-1.11B3.99B6.08B6.28B6.17B6.60B6.78B7.25B5.20B5.53B5.96B6.19B
Total Equity-1.31B2.93B4.82B5.72B6.40B6.71B6.70B7.03B6.85B6.54B7.50B8.07B
Cash-26.05M560.74M247.08M454.04M162.28M254.02M252.02M860.19M424.73M455.70M1.55B1.21B
Total Debt-984.74M3.12B5.16B5.40B5.19B5.50B5.81B6.26B4.25B4.52B4.92B5.06B
Net Debt-958.69M2.56B4.92B4.94B5.03B5.24B5.43B5.33B3.82B4.07B3.37B3.85B

Cash Flow

Currency: EUR2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow27.93M67.30M-81.47M695.83M254.44M294.86M134.66M230.47M222.16M227.97M133.06M138.33M
Investing Cash Flow-1.40B-1.67B-567.39M-476.01M-100.16M-277.78M-229.87M110.23M1.18B-274.75M-294.38M-576.31M
Financing Cash Flow1.40B2.14B335.20M-12.86M-439.29M67.91M93.21M274.00M-1.70B78.56M1.07B-177.02M
Capital Expenditure1.08M1.88M3.66M6.58M1.90M9.92M2.57M3.67M1.72M2.01M19.48M10.57M
Free Cash Flow26.85M67.30M-85.13M689.25M252.54M284.95M132.09M226.79M220.44M225.96M297.30M405.03M
Dividends Paid25.04M25.04M101.20M187.41M215.36M232.35M68.52M70.03M455.43M207.02M105.17M123.32M
FCF to OCF96.14%100.00%104.50%99.05%99.25%96.64%98.09%98.41%99.23%99.12%223.44%292.81%
Dividend Paid to FCF93.24%37.20%-118.88%27.19%85.28%81.54%51.87%30.88%206.60%91.62%35.37%30.45%

Earnings

Report DateAug 4, 2014Nov 12, 2014Feb 27, 2015May 13, 2015Sep 1, 2015Nov 4, 2015Mar 2, 2016May 11, 2016Sep 22, 2016Nov 14, 2016Feb 28, 2017May 11, 2017Sep 22, 2017Nov 15, 2017Feb 28, 2018Apr 26, 2018Jul 31, 2018Nov 15, 2018Feb 27, 2019May 14, 2019Jul 30, 2019Nov 13, 2019May 13, 2020Jul 29, 2020Nov 11, 2020Feb 25, 2021May 14, 2021Jul 29, 2021Nov 11, 2021Feb 24, 2022May 11, 2022Jul 28, 2022Nov 9, 2022Feb 27, 2023May 11, 2023Jul 27, 2023Nov 16, 2023Feb 28, 2024May 16, 2024Jul 19, 2024Nov 14, 2024Feb 27, 2025May 13, 2025Jul 29, 2025Nov 14, 2025Feb 26, 2026May 13, 2026Jul 27, 2026Nov 12, 2026
EPS Estimate------0.150.150.150.14-0.150.160.170.170.150.170.160.160.150.160.170.140.090.110.130.130.130.160.150.150.140.140.150.150.150.140.150.140.150.140.130.140.140.140.120.150.130.14
EPS Actual-0.000.180.130.120.58-0.770.050.150.100.120.830.140.760.120.140.140.010.120.180.130.100.110.080.070.090.270.120.290.130.550.200.850.16-0.610.14-0.240.130.580.140.150.120.160.150.760.120.360.120.81-
Surprise-------66.67%0.00%-33.33%-14.29%--6.67%375.00%-31.94%-17.65%-6.67%-94.12%-25.00%12.50%-13.33%-37.50%-35.29%-42.86%-22.22%-18.18%107.69%-7.69%123.08%-18.75%266.67%33.33%507.14%14.29%-506.67%-6.67%-260.00%-8.43%286.67%0.00%0.00%-14.29%23.08%7.14%442.86%-14.29%200.58%-20.00%523.08%-
TimingPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-Pre-market

Key Statistics & Ratios

Market Cap7.50B
Enterprise Value11.17B
Trailing P/E8.24
Forward P/E22.08
PEG Ratio2.48
Price / Sales12.47
Price / Book0.84
EPS1.47
Book Value15.00
Revenue (TTM)601.45M
Gross Profit (TTM)601.45M
EBITDA433.63M
Profit Margin141.68%
Operating Margin69.85%
Return on Equity9.92%
Return on Assets1.85%
Shares Outstanding619.18M
Shares Float432.12M
Beta0.93
Dividend Yield1.78%
Dividend Rate0.22
Payout Ratio29.56%

Dividends

20261×
0.22May 7, 2026
20252×
0.20Nov 21, 20250.22May 8, 2025
20243×
0.01Dec 9, 20240.18Nov 22, 20240.24May 17, 2024
20232×
0.20Nov 24, 20230.24May 5, 2023
20223×
0.20Nov 18, 20220.75Aug 4, 20220.25May 16, 2022
20212×
0.15Nov 19, 20210.30May 6, 2021
20201×
0.15Jun 25, 2020
20192×
0.20Oct 18, 20190.30Apr 29, 2019
20182×
0.20Oct 17, 20180.26May 16, 2018
20172×
0.20Oct 17, 20170.20Apr 25, 2017
20163×
0.18Oct 18, 20160.02Sep 13, 20160.10Apr 7, 2016
20151×
0.08Oct 15, 2015

Stock Splits

  • Jul 20, 20151372:1209
  • Apr 20, 2015839:760