MERLIN Properties SOCIMI (MRL.MC) Stock Price

MERLIN Properties SOCIMI Price

BME·CLOSED
14.40EUR-0.37 (-2.54 %)
Market closed

Revenue has compounded at 12.4% per year over the past 15 years to 538.96 M EUR. Earnings per share have declined at 4.6% per year over the last 11 years. MERLIN Properties SOCIMI's net margin stands at 23.8%, down from 133.8% several years earlier. MERLIN Properties SOCIMI currently offers a dividend yield of about 2.78%. The payout ratio is around 176% of earnings. The dividend has grown at 17.9% per year over the past 10 years. Analysts set a median price target of 15.30 EUR, implying 6.3% above the current price. Of 26 analysts, 23 rate the stock a buy — an overall Buy consensus. The stock trades about 21% above its 52-week low.

MERLIN Properties SOCIMI stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of MERLIN Properties SOCIMI over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how MERLIN Properties SOCIMI stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing MERLIN Properties SOCIMI's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

MERLIN Properties SOCIMI Stock Price History
DateMERLIN Properties SOCIMI Price
8/11/202614.40 EUR
8/7/202614.77 EUR
8/6/202614.80 EUR
8/5/202614.82 EUR
8/4/202614.90 EUR
7/31/202615.06 EUR
7/30/202614.61 EUR
7/29/202614.50 EUR
7/28/202615.11 EUR
7/27/202615.30 EUR
7/24/202615.34 EUR
7/23/202615.36 EUR
7/22/202615.15 EUR
7/21/202615.08 EUR
7/20/202615.12 EUR
7/17/202615.01 EUR
7/16/202614.95 EUR
7/15/202614.99 EUR
7/14/202614.95 EUR
7/13/202615.02 EUR
7/10/202615.05 EUR
7/9/202614.90 EUR
7/8/202614.81 EUR
7/7/202615.12 EUR
7/6/202615.20 EUR
7/3/202615.55 EUR
7/2/202615.15 EUR
7/1/202615.31 EUR
6/30/202615.34 EUR
6/29/202615.44 EUR
6/26/202615.54 EUR
6/25/202615.52 EUR
6/24/202615.75 EUR
6/23/202615.51 EUR
6/22/202615.62 EUR
6/19/202615.28 EUR
6/18/202615.10 EUR
6/17/202615.30 EUR
6/16/202615.36 EUR
6/15/202615.47 EUR
6/12/202615.26 EUR
6/11/202614.76 EUR
6/10/202614.71 EUR
6/9/202614.65 EUR
6/8/202614.54 EUR
6/5/202614.97 EUR
6/4/202615.07 EUR
6/3/202615.31 EUR
6/2/202615.48 EUR
6/1/202615.12 EUR
5/29/202615.35 EUR
5/28/202615.17 EUR
5/27/202615.30 EUR
5/26/202615.17 EUR
5/25/202615.19 EUR
5/22/202614.72 EUR
5/21/202614.72 EUR
5/20/202614.52 EUR
5/19/202614.45 EUR
5/18/202614.54 EUR
5/15/202614.58 EUR
5/14/202614.97 EUR
5/13/202614.65 EUR
5/12/202614.56 EUR
5/11/202614.70 EUR
5/8/202614.74 EUR
5/7/202614.86 EUR
5/6/202615.16 EUR
5/5/202614.76 EUR
5/4/202614.45 EUR
4/30/202614.85 EUR
4/29/202614.66 EUR
4/28/202614.80 EUR
4/27/202614.98 EUR
4/24/202615.02 EUR
4/23/202615.18 EUR
4/22/202615.05 EUR
4/21/202614.97 EUR
4/20/202615.18 EUR
4/17/202615.36 EUR
4/16/202615.08 EUR
4/15/202615.22 EUR
4/14/202615.18 EUR
4/13/202614.97 EUR
4/10/202615.02 EUR
4/9/202615.02 EUR
4/8/202615.00 EUR
4/7/202614.62 EUR
4/2/202614.47 EUR
3/27/202613.96 EUR
3/26/202614.08 EUR
3/25/202613.83 EUR
3/24/202613.49 EUR
3/23/202613.42 EUR
3/20/202613.84 EUR
3/19/202614.08 EUR
3/17/202614.23 EUR
3/16/202613.92 EUR
3/13/202613.54 EUR
3/12/202613.63 EUR
3/11/202613.92 EUR
3/9/202613.58 EUR
3/6/202614.23 EUR
3/5/202614.62 EUR
2/27/202615.05 EUR
2/26/202614.29 EUR
2/25/202614.17 EUR
2/23/202613.83 EUR
2/20/202613.82 EUR
2/19/202613.78 EUR
2/18/202613.66 EUR
2/17/202613.63 EUR
2/16/202613.39 EUR
2/13/202613.34 EUR
2/12/202613.29 EUR
2/11/202613.41 EUR
2/10/202613.26 EUR
2/9/202613.08 EUR
2/6/202612.96 EUR
2/5/202612.83 EUR
2/4/202612.84 EUR
2/3/202612.78 EUR
2/2/202612.49 EUR
1/30/202612.51 EUR
1/29/202612.48 EUR
1/28/202612.70 EUR
1/27/202612.45 EUR
1/26/202612.37 EUR
1/23/202612.36 EUR
1/22/202612.32 EUR
1/21/202612.21 EUR
1/20/202612.24 EUR
1/19/202612.41 EUR
1/17/202612.49 EUR
1/16/202612.38 EUR
1/14/202612.39 EUR
1/13/202612.44 EUR
1/12/202612.58 EUR
1/9/202612.44 EUR
1/8/202612.75 EUR
1/7/202612.61 EUR
1/6/202612.52 EUR
1/5/202612.47 EUR
1/2/202612.35 EUR
12/31/202512.38 EUR
12/30/202512.36 EUR
12/29/202512.35 EUR
12/24/202512.26 EUR
12/23/202512.31 EUR
12/22/202512.20 EUR
12/19/202512.12 EUR
12/18/202512.05 EUR
12/17/202511.89 EUR
12/16/202512.16 EUR
12/15/202512.14 EUR
12/12/202512.11 EUR
12/11/202512.26 EUR
12/10/202512.12 EUR
12/9/202512.10 EUR
12/8/202512.32 EUR
12/5/202512.38 EUR
12/4/202512.53 EUR
12/3/202512.60 EUR
12/2/202512.67 EUR
12/1/202512.70 EUR
11/28/202512.70 EUR
11/27/202512.61 EUR
11/26/202512.45 EUR
11/25/202512.43 EUR
11/24/202512.39 EUR
11/21/202512.32 EUR
11/20/202512.59 EUR
11/19/202512.54 EUR
11/18/202512.67 EUR
11/17/202512.68 EUR
11/14/202512.65 EUR
11/13/202513.36 EUR
11/12/202513.34 EUR
11/10/202513.26 EUR
11/7/202513.29 EUR
11/6/202513.43 EUR
11/5/202513.43 EUR
11/4/202513.50 EUR
11/3/202513.47 EUR
10/31/202513.53 EUR
10/30/202513.47 EUR
10/29/202513.62 EUR
10/28/202513.74 EUR
10/27/202513.77 EUR
10/25/202513.60 EUR
10/23/202513.77 EUR
10/22/202513.79 EUR
10/21/202513.61 EUR
10/20/202513.49 EUR
10/17/202513.41 EUR
10/16/202513.51 EUR
10/15/202513.18 EUR
10/14/202513.34 EUR
10/13/202513.34 EUR
10/10/202513.32 EUR
10/9/202513.38 EUR
10/8/202513.32 EUR
10/7/202513.23 EUR
10/6/202513.15 EUR
10/3/202513.12 EUR
10/2/202512.85 EUR
10/1/202512.79 EUR
9/29/202512.72 EUR
9/26/202512.75 EUR
9/25/202512.62 EUR
9/24/202512.76 EUR
9/23/202512.73 EUR
9/22/202512.73 EUR
9/19/202512.84 EUR
9/18/202512.67 EUR
9/17/202512.57 EUR
9/16/202512.60 EUR
9/15/202512.99 EUR
9/12/202512.98 EUR
9/11/202513.00 EUR
9/10/202512.94 EUR
9/9/202512.66 EUR
9/8/202512.54 EUR
9/5/202512.50 EUR
9/4/202512.44 EUR
9/3/202512.40 EUR
9/2/202512.37 EUR
9/1/202512.68 EUR
8/29/202512.76 EUR
8/28/202512.80 EUR
8/27/202512.84 EUR
8/26/202512.85 EUR
8/25/202512.87 EUR
8/22/202513.00 EUR
8/21/202512.78 EUR
8/20/202512.79 EUR
8/19/202512.84 EUR
8/18/202512.81 EUR
8/15/202512.90 EUR
8/14/202512.96 EUR
8/13/202512.94 EUR
8/12/202513.02 EUR
8/11/202513.19 EUR
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MERLIN Properties SOCIMI Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
504.70 M EUR
8.91 M EUR
-83.50 M EUR
Jan 1, 2024
503.02 M EUR
218.24 M EUR
124.43 M EUR
Jan 1, 2025
538.96 M EUR
231.68 M EUR
128.25 M EUR
Jan 1, 2026 (e)
602.55 M EUR
392.96 M EUR
302.65 M EUR
Jan 1, 2027 (e)
696.75 M EUR
454.39 M EUR
325.42 M EUR
Jan 1, 2028 (e)
854.77 M EUR
557.45 M EUR
377.94 M EUR
Jan 1, 2029 (e)
1.08 B EUR
701.13 M EUR
428.20 M EUR
Jan 1, 2030 (e)
1.67 B EUR
1.09 B EUR
0.00 EUR

MERLIN Properties SOCIMI Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 11, 2026, 12:12 PM
 
REVENUEB EUR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB EUR
EBITB EUR
EBIT MARGIN%
NET INCOMEB EUR
NET INCOME GROWTH%
DIV.EUR
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
0.210.350.460.590.510.450.380.440.500.500.540.600.700.851.081.67
282.1464.0231.9127.43-12.88-13.23-14.3514.9214.81-0.206.9611.9015.6122.7025.8855.72
95.3394.3092.2292.8890.8689.6987.9688.6183.3384.89100.00100.00100.00100.00100.00100.00
0.200.330.430.550.470.400.340.390.420.430.540.600.700.851.081.67
0.180.601.221.030.490.200.470.090.010.220.230.390.450.560.701.09
83.18170.94262.42173.7396.1145.07123.0420.051.5943.3442.9465.1265.2365.2265.2165.23
0.050.581.100.850.560.060.510.26-0.080.120.130.300.330.380.43–
–1,087.7689.00-22.36-34.07-90.05814.29-48.63-131.56-249.403.23135.947.6216.0013.53–
0.160.210.300.440.300.150.301.180.440.600.400.430.450.48––
–40.0042.8646.67-31.82-50.00100.00293.33-62.7136.36-33.337.504.656.67––
323.12394.45459.68475.58462.87464.93473.82465.65620.70562.41562.70562.70562.70562.70562.70562.70
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales MERLIN Properties SOCIMI generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue MERLIN Properties SOCIMI retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare MERLIN Properties SOCIMI's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares MERLIN Properties SOCIMI has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against MERLIN Properties SOCIMI's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

MERLIN Properties SOCIMI stock margins

The MERLIN Properties SOCIMI margin analysis displays the gross margin, EBIT margin, as well as the profit margin of MERLIN Properties SOCIMI. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for MERLIN Properties SOCIMI.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
87.90 %
122.94 %
133.80 %
Jan 1, 2022
88.82 %
20.14 %
59.92 %
Jan 1, 2023
83.41 %
1.76 %
-16.54 %
Jan 1, 2024
84.93 %
43.39 %
24.74 %
Jan 1, 2025
100.00 %
42.99 %
23.80 %
Jan 1, 2026 (e)
100.00 %
65.22 %
50.23 %
Jan 1, 2027 (e)
100.00 %
65.22 %
46.71 %
Jan 1, 2028 (e)
100.00 %
65.22 %
44.22 %

MERLIN Properties SOCIMI Stock Revenue, EBIT, Earnings per Share

The MERLIN Properties SOCIMI earnings per share therefore indicates how much revenue MERLIN Properties SOCIMI has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
0.81 EUR
0.99 EUR
1.08 EUR
Jan 1, 2022
0.94 EUR
0.19 EUR
0.56 EUR
Jan 1, 2023
0.81 EUR
0.01 EUR
-0.13 EUR
Jan 1, 2024
0.89 EUR
0.39 EUR
0.22 EUR
Jan 1, 2025
0.96 EUR
0.41 EUR
0.23 EUR
Jan 1, 2026 (e)
1.07 EUR
0.70 EUR
0.54 EUR
Jan 1, 2027 (e)
1.24 EUR
0.81 EUR
0.58 EUR
Jan 1, 2028 (e)
1.52 EUR
0.99 EUR
0.67 EUR

MERLIN Properties SOCIMI business model & stock analysis

MERLIN Properties SOCIMI SA is a leading company in Spain in the field of real estate investments and development. It is a publicly traded company based in Madrid and was founded in 2014. Since its establishment, the company has become one of the largest owners of commercial assets in Spain and is now expanding internationally. MERLIN Properties operates a business model based on three pillars: commercial property rental, development, and hospitality. The company is a Real Estate Investment Trust (REIT) specializing in raising capital from investors to acquire commercial properties that offer good returns. MERLIN Properties' commercial property rental division includes office, retail, industrial, and logistics properties. The company's portfolio includes more than 1,300 properties with a total area of over 13 million square meters. The company has a wide range of tenants, from multinational companies to local retailers, from small start-ups to large industrial companies. With its extensive portfolio, MERLIN Properties can offer its customers various solutions and services to meet their needs. MERLIN Properties' development division specializes in the development of new properties. The company plans and builds customized properties to meet the needs and requirements of customers. Whether it is office, retail, industrial, or logistics properties, MERLIN Properties can deliver it. The company has extensive experience in property development and can assist its customers from planning to implementation. MERLIN Properties also has a hospitality division where it operates hotels, resorts, and other tourist facilities. The company has a wide range of hotels throughout Europe, ranging from budget to luxury accommodations. MERLIN Properties also has experience in managing hotels that yield high returns and provide valuable experiences to its investors and customers. Overall, MERLIN Properties offers its customers a wide range of services and solutions to meet their needs. The company is able to offer customized solutions to meet the needs of customers, whether it is through property rental, development of new properties, or provision of hotel and tourism services. The success story of MERLIN Properties is based on its ability to quickly adapt to market needs and adjust its services and products accordingly. The company has a strong market position in Spain and is now focused on expanding into other European countries. With a strong management team and a successful strategy, MERLIN Properties will certainly remain a significant player in the market in the coming years.

MERLIN Properties SOCIMI SWOT Analysis

Strengths

MERLIN Properties SOCIMI SA possesses a robust and diversified real estate portfolio comprised of high-quality properties across various sectors such as office, logistics, and shopping centers. This provides the company with a stable income stream and long-term value.

The properties owned by MERLIN Properties SOCIMI SA are strategically located in prime areas, including major cities and key transportation hubs. This enhances the attractiveness and demand for the properties, contributing to potential high occupancy rates and rental yields.

Weaknesses

MERLIN Properties SOCIMI SA's performance is heavily influenced by economic conditions. Downturns may negatively impact the demand for commercial properties, leading to potential lower rental income and decreased property values.

The company depends on debt financing to fund its real estate investments. High levels of debt increase the risk of financial instability, especially during economic downturns or periods of rising interest rates.

Opportunities

MERLIN Properties SOCIMI SA can explore opportunities for expansion and investment in emerging markets, where there is potential for strong economic growth and increasing demand for real estate properties. This can diversify the company's portfolio and enhance its long-term profitability.

The company can pursue strategic acquisitions of high-quality properties or other real estate investment firms to facilitate rapid growth, gain market share, and capitalize on synergies to strengthen its position in the industry.

Threats

Fluctuations in the global or regional economy, such as recessions, trade wars, or financial crises, pose a threat to MERLIN Properties SOCIMI SA's operations and financial performance. These external factors can impact tenant demand, rental rates, and property valuations.

The company faces intense competition from other real estate players, including both local and international firms. Increased competition for attractive properties and tenants can potentially limit MERLIN Properties SOCIMI SA's growth and profitability.

MERLIN Properties SOCIMI Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

MERLIN Properties SOCIMI historical P/E ratio, EBIT multiple, and P/S ratio

MERLIN Properties SOCIMI annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

MERLIN Properties SOCIMI shares outstanding

The number of shares of MERLIN Properties SOCIMI was 562.7 M in 2025. This indicates how many shares MERLIN Properties SOCIMI is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
473.82 M Stocks
Jan 1, 2022
465.65 M Stocks
Jan 1, 2023
620.70 M Stocks
Jan 1, 2024
562.41 M Stocks
Jan 1, 2025
562.70 M Stocks
Jan 1, 2026 (e)
562.70 M Stocks
Jan 1, 2027 (e)
562.70 M Stocks
Jan 1, 2028 (e)
562.70 M Stocks

MERLIN Properties SOCIMI Dividend History

11 years of dividend payments

YearAnnual DividendYoY ChangePayments
20250.40EUR↓ 33.4%2×
May 8, 20250.20EUR↑ 5.7%1/2
Nov 21, 20250.20EUR↓ 0.4%2/2
20240.60EUR↑ 36.1%3×
20230.44EUR↓ 62.5%2×
20221.18EUR↑ 161.7%3×
20210.45EUR↑ 205.3%2×
20200.15EUR↓ 50.4%1×
20190.30EUR↓ 32.3%2×
20180.44EUR↑ 46.8%2×
20170.30EUR↑ 42.0%2×
20160.21EUR↑ 171.9%3×

MERLIN Properties SOCIMI dividend history and estimates

In 2025, MERLIN Properties SOCIMI paid a dividend amounting to 0.40 EUR. Dividend means that MERLIN Properties SOCIMI distributes a portion of its profits to its owners.

  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021 (e)
0.45 EUR
-0.15 EUR
0.00 EUR
Jan 1, 2022
1.18 EUR
0.00 EUR
0.00 EUR
Jan 1, 2023
0.44 EUR
0.00 EUR
0.00 EUR
Jan 1, 2024
0.60 EUR
0.00 EUR
0.00 EUR
Jan 1, 2025
0.40 EUR
0.00 EUR
0.30 EUR
Jan 1, 2026 (e)
0.00 EUR
0.43 EUR
0.00 EUR
Jan 1, 2027 (e)
0.00 EUR
0.45 EUR
0.98 EUR
Jan 1, 2028 (e)
0.00 EUR
0.48 EUR
0.00 EUR

MERLIN Properties SOCIMI dividend payout ratio

In 2025, MERLIN Properties SOCIMI had a payout ratio of 175.89%. The payout ratio indicates the percentage of the company's profits that MERLIN Properties SOCIMI distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
41.63 %
Jan 1, 2022
208.40 %
Jan 1, 2023
-328.57 %
Jan 1, 2024
164.94 %
Jan 1, 2025
175.89 %
Jan 1, 2026 (e)
79.13 %
Jan 1, 2027 (e)
78.13 %
Jan 1, 2028 (e)
71.41 %

Current MERLIN Properties SOCIMI forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
88.46 % (23)
Hold
11.54 % (3)
Sell
0.00 % (0)
12M Price Target
15.30
Last Price
14.55
Currency
EUR
12M Return Potential
5.15 %
LTM Return
0 %

MERLIN Properties SOCIMI Analyst Rating Actions

DateFirmActionRatingReliability
9/1/2021
Morgan Stanley
Morgan Stanley
UpgradeEqual WeightOverweight60

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

MERLIN Properties SOCIMI Earnings Calls

2025

MERLIN Properties SOCIMI Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
2/26/20240.17EUR-130.95 MEUR-2023 Q4
7/27/20230.15EUR-119.93 MEUR-2023 Q2
5/11/20230.15EUR-117.30 MEUR-2023 Q1
2/22/20230.15EUR-114.86 MEUR-2022 Q4
11/10/20220.14EUR-113.50 MEUR-2022 Q3
7/28/20220.14EUR-117.41 MEUR-2022 Q2
5/19/20220.15EUR-110.55 MEUR-2022 Q1
2/24/20220.15EUR-124.37 MEUR-2021 Q4
11/12/20210.16EUR-126.69 MEUR-2021 Q3
7/30/20210.13EUR-122.70 MEUR-2021 Q2

EESG©

Eulerpool ESG Scorecard© for the MERLIN Properties SOCIMI stock

84/100
99
Environment
99
Social
55
Governance
E

Environment

20
Scope 1 - Direct Emissions2,422
Scope 2 - Indirect emissions from purchased energy8,340
Scope 3 - Indirect emissions within the value chain146,067
Total CO₂ emissions10,762
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees47
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

MERLIN Properties SOCIMI shareholder structure

% Name
2.75377%
DWS Investment GmbH
DWS Investment GmbH
2.51425%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.44973%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
1.19403%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.81347%
Janus Henderson Investors
Janus Henderson Investors
0.72184%
BNP Paribas Asset Management UK Limited
BNP Paribas Asset Management UK Limited
...

MERLIN Properties SOCIMI Beneficial Ownership Filings (SEC 13D/G)

Free Float
69.8%
Float Shares
-
Shares Outstanding
-

MERLIN Properties SOCIMI Executives and Management Board

23 members · avg. age 61 · 30 % women

IO

Mr. Ismael Clemente Orrego (54)

Chief Executive Officer, Executive Vice Chairman of the Board of Directors · since 2014

3.65 M EUR

Management

MB

Mr. Miguel Ollero Barrera (55)

Chief Operating Officer, Corporate General Director, Executive Director · since 2014

2.56 M EUR
IA

Ms. Ines Arellano

Manager, IR Contact · since 2022

–
FF

Mr. Fernando Ferrero

Manager

–
MC

Mr. Manuel Garcia Casas

Manager · since 2021

–
LL

Mr. Luis Lazaro

Manager · since 2021

–
JM

Mr. Jos Navarro Has Experience As A Real Estate Professional Sin Navarro Mendizabal

Manager - Internal Audit · since 2023

–

Board of Directors

JG

Mr. Jose Luis De Mora Gil-gallardo (58)

Chairman of the Board, Proprietary Director, Representative of Banco Santander SA · since 2024

280,000.00 EUR
GJ

Mr. George Donald Johnston (69)

Independent Director

189,000.00 EUR
JG

Mr. Juan Maria Aguirre Gonzalo (62)

Independent Director

183,000.00 EUR
MC

Ms. Maria Luisa Jorda Castro (61)

Independent Director

183,000.00 EUR
FH

Ms. Francisca Ortega Hernandez-Agero (62)

Proprietary Director, Representative of Banco Santander SA

171,000.00 EUR
PM

Ms. Pilar Cavero Mestre (65)

Independent Director

158,000.00 EUR

MERLIN Properties SOCIMI Supply Chain

MERLIN Properties SOCIMI Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
10 companies
#Nameβ 1YTrend
1
CaixaBank
Customer·Banks·ES
-0.47
-0.08
0.60
0.64
0.63
0.90
0.81
2
Banco Bilbao Vizcaya Argentaria
Customer·Banks·ES
-0.11
0.33
0.12
0.08
-0.13
0.88
-0.19
3
Indra Sistemas A
Customer·IT Services·ES
-0.88
-0.63
0.36
0.13
0.42
0.87
—
4
Banco Santander
Supplier·Customer·Banks·ES
0.70
0.66
0.46
0.51
-0.03
0.85
-0.04
5
Sacyr
Supplier·Customer·Construction & Engineering·ES
-0.83
0.06
0.66
0.56
0.37
0.79
—
#Nameβ 1YTrend
1
Endesa
Customer·Electric Utilities·ES
0.09
-0.22
0.70
0.11
-0.15
-0.78
—
2
Tecnicas Reunidas
Customer·Energy Equipment & Services·ES
-0.91
-0.33
0.31
0.46
-0.35
-0.39
—
3
Grupo Empresarial San
Supplier·Construction & Engineering·ES
0.36
0.13
0.38
-0.04
-0.42
0.15
—

Frequently asked questions about MERLIN Properties SOCIMI

MERLIN Properties SOCIMI SA primarily operates in Spain, focusing on the acquisition and management of prime commercial real estate assets.

The business model of MERLIN Properties SOCIMI SA is focused on real estate investment and management. As a leading real estate company in Spain, MERLIN Properties specializes in acquiring, developing, and operating commercial properties, including office buildings, shopping centers, and logistics facilities. The company generates revenue through rental income from its diverse portfolio of high-quality properties located across prime locations in Spain. MERLIN Properties utilizes its expertise in real estate to provide attractive investment opportunities for both domestic and international investors. The company's strategic approach and strong market presence contribute to its sustainable growth and long-term success in the real estate industry.

MERLIN Properties SOCIMI SA is primarily active in the real estate industry.

Some of the main competitors of MERLIN Properties SOCIMI SA in the market include companies like Colonial, Lar España, and Unibail-Rodamco-Westfield.

MERLIN Properties SOCIMI SA is a leading real estate investment trust (REIT) based in Spain. Founded in 2014, the company focuses on acquiring and managing prime commercial properties across various sectors, including office buildings, shopping centers, and logistics facilities. With a strong track record of strategic investments and value creation, MERLIN Properties has become one of the largest REITs in Europe. The company is known for its high-quality portfolio, efficient management practices, and commitment to sustainability. MERLIN Properties SOCIMI SA's successful history and expertise in the real estate sector have positioned it as a trusted choice for investors seeking exposure to the Spanish market.

MERLIN Properties SOCIMI SA has achieved several significant milestones since its inception. The company successfully completed its IPO in June 2014, making it the first and largest real estate investment trust listed on the Spanish stock exchange. In 2016, MERLIN Properties acquired Testa, a leading office REIT in Spain, solidifying its position as a key player in the real estate market. Additionally, the company has continually expanded its portfolio by acquiring prime assets across various sectors, including offices, logistics, and shopping centers. With a strong focus on sustainability and innovation, MERLIN Properties has received several recognitions for its environmental, social, and governance practices.

MERLIN Properties SOCIMI SA represents a strong commitment to delivering value and providing excellent real estate investment opportunities. With a corporate philosophy focused on sustainable growth and long-term value creation, MERLIN Properties SOCIMI SA aims to enhance the communities where it operates, generating positive economic and social impact. The company emphasizes transparency, integrity, and responsible management, striving to build lasting relationships with stakeholders. As one of the leading real estate companies in Spain, MERLIN Properties SOCIMI SA recognizes the importance of innovation and adaptability in the evolving market. Through its diverse portfolio and strategic approach, the company continues to position itself as a trusted and reliable partner for investors.

Analysts currently set an average price target of 15.30 EUR for the MERLIN Properties SOCIMI stock (median: 15.30 EUR), implying +5.2 % versus the latest price. The consensus is based on 26 analyst ratings.

MERLIN Properties SOCIMI Analyst Price Targets 2026

26 analysts currently rate the MERLIN Properties SOCIMI stock: 23 recommend buying, 3 holding and 0 selling. For 2026, analysts expect MERLIN Properties SOCIMI to generate revenue of 602.55 M EUR and earnings per share of 0.54 EUR.

MERLIN Properties SOCIMI Analyst Price Targets 2026

The MERLIN Properties SOCIMI share (MRL.MC) is listed on 10 stock exchanges, including: Frankfurt (MEQA.F), München (MEQA.MU), Düsseldorf (MEQA.DU), London (0QVM.L), Wien (MERL.VI).

MERLIN Properties SOCIMI SA is a real estate investment and services company based in Spain. It focuses on various segments of the real estate industry, including the purchase, management, renting, and development of commercial and residential properties. It has a portfolio of 230 properties in Spain and Portugal, including retail, office, logistics, and industrial properties, as well as hotels and resorts. The company offers a range of real estate products and services, including office spaces, retail properties, logistics properties, and residential properties. It provides services such as management, renting, and maintenance of these properties. Its clients include national and international companies in need of office spaces, retailers operating in retail properties, and logistics companies requiring storage and distribution centers. MERLIN Properties SOCIMI SA continuously invests in new real estate products and services to expand its portfolio and improve its offerings to customers. It has successfully conducted various real estate transactions, including acquisitions and sales, to adjust and optimize its portfolio. In summary, MERLIN Properties SOCIMI SA offers a wide range of real estate products and services to national and international clients. It operates in different segments of the real estate industry and has a strong portfolio of properties in Spain and Portugal. The company continuously invests in its business for future growth and success.

The expected revenue of MERLIN Properties SOCIMI is 602.55 M EUR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of MERLIN Properties SOCIMI is 302.65 M EUR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of MERLIN Properties SOCIMI is currently 26.77. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the MERLIN Properties SOCIMI stock.

The price-to-sales ratio (P/S) of MERLIN Properties SOCIMI is currently 13.45. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the MERLIN Properties SOCIMI stock.

The Eulerpool Quality Score for MERLIN Properties SOCIMI is 3/10.

The ISIN of MERLIN Properties SOCIMI is ES0105025003. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of MERLIN Properties SOCIMI is A116WC. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of MERLIN Properties SOCIMI is MRL.MC. The ticker symbol is used to trade MERLIN Properties SOCIMI shares on the stock exchange.

Over the past 12 months, MERLIN Properties SOCIMI paid a dividend of 0.40 EUR . This corresponds to a dividend yield of about 2.78 %. For the coming 12 months, MERLIN Properties SOCIMI is expected to pay a dividend of 0.45 EUR.

The current dividend yield of MERLIN Properties SOCIMI is 2.78 %.

MERLIN Properties SOCIMI pays a dividend, distributed in the months of , , , .

MERLIN Properties SOCIMI paid dividends every year for the past 11 years.

For the upcoming 12 months, dividends amounting to 0.45 EUR are expected. This corresponds to a dividend yield of 3.06 %.

MERLIN Properties SOCIMI is assigned to the 'Real Estate' sector.

To receive the latest dividend of MERLIN Properties SOCIMI from amounting to 0.2 EUR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, MERLIN Properties SOCIMI distributed 0.6 EUR as dividends.

The dividends of MERLIN Properties SOCIMI are distributed in EUR.

All fundamentals and in-depth analysis of MERLIN Properties SOCIMI

Our stock analysis for MERLIN Properties SOCIMI stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of MERLIN Properties SOCIMI. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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