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MERLIN Properties SOCIMI S.A

Company price
13.0 USD 0.00(0%)
Last update at 2026-11-05T21:00:00Z
VOLUME
1400
Market Cap
9218.39M
P/E
8.76

Momentum Score

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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.

Source: TradingView
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Day Price Range
13.00
Low
14.15
High
52 Week Price Range
13.60
Low
18.43
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
13.00
Dividend Yield
1.48%
Revenue TTM
601.45M
Revenue Per Share
1.04
Gross Profit TTM
601.45M
Debt / Equity
0.63
ROE
9.92%
Net Debt
3852.45M
ROCE
7.25%
Diluted EPS TTM
1.70

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 813.25M 295.95M -74.99M 48.16M 518.80M
Net income 786.13M 283.76M -83.50M 263.09M 512.22M
Selling general administrative 13.19M 13.61M 12.01M 12.62M 10.92M
Selling and marketing expenses - - 23.31M - -
Gross profit 467.65M 494.57M 420.96M 389.94M 421.88M
Reconciled depreciation 5.04M 4.35M 2.08M 1.89M 1.86M
Ebit 949.19M 426.17M 34.52M 101.66M 580.74M
Ebitda 954.23M 430.52M 36.60M 103.54M 582.60M
Depreciation and amortization 5.04M 4.35M 2.08M 1.89M 1.86M
Operating income 397.99M 375.54M 8.91M 88.44M 543.50M
Other operating expenses 140.97M 119.04M 495.80M 110.26M 101.00M
Interest expense 135.94M 130.21M 109.52M 103.38M 132.95M
Tax provision 27.12M 12.20M 8.51M 6.80M 6.58M
Interest income 32.69M 39.26M 10.11M 3.94M 5.42M
Net interest income -105.55M -92.60M -117.68M -105.26M -130.98M
Income tax expense 27.12M 12.20M 8.51M 6.80M 6.58M
Total revenue 549.62M 494.57M 464.78M 439.04M 468.20M
Total operating expenses 80.24M 119.04M 412.05M 61.17M 54.68M
Cost of revenue 81.97M 83.00M 43.82M 49.10M 46.32M
Total other income expense net 415.26M -79.58M -83.90M -40.28M -24.70M
Discontinued operations - - - 221.73M 116.86M
Net income from continuing ops 786.13M 283.76M -83.50M 41.36M 512.22M
Net income applicable to common shares - - - 263.09M 512.22M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 14268.72M 13459.19M 12065.41M 12051.48M 14272.84M
Intangible assets 4.49M 1.02M 1.57M 1.75M 1.59M
Other current assets 32.53M 24.57M 46.72M 12.46M 10.48M
Total liab 6194.29M 5958.22M 5526.37M 5202.26M 7245.91M
Total stockholder equity 8074.43M 7500.98M 6539.04M 6849.22M 7026.92M
Other current liab 120.26M 90.60M 182.02M 16.80M 14.16M
Common stock 563.73M 563.73M 469.77M 469.77M 469.77M
Capital stock 563.73M 563.73M 469.77M 469.77M 469.77M
Retained earnings 779.96M 283.76M -83.50M 263.09M 512.22M
Other liab - - - 780.30M 850.58M
Other assets - - -4.75M 261.62M 436.80M
Cash 1209.81M 1550.46M 455.70M 424.73M 860.19M
Total current liabilities 1175.87M 840.25M 214.67M 950.51M 736.63M
Current deferred revenue - - 86.81M 79.27M 74.99M
Net debt 3852.45M 3372.00M 4068.22M 3824.55M 5325.83M
Short term debt 866.25M 625.77M -61.32M 777.83M 601.72M
Short long term debt 866.25M 625.77M 25.87M 777.83M 601.72M
Short long term debt total 5062.26M 4922.46M 4523.91M 4249.28M 6186.01M
Other stockholder equity 4136.57M 4245.22M 3609.47M 6116.37M 6044.93M
Property plant equipment - - - 10720.52M 12306.42M
Total current assets 1388.54M 1700.79M 599.97M 539.22M 1038.44M
Net tangible assets - - - 6847.48M 7025.33M
Short term investments 5.72M 11.42M 4.75M 2.72M 82.68M
Net receivables 84.85M 60.34M 41.05M 54.80M 46.40M
Long term debt 4196.01M 4296.69M 4498.04M 3471.45M 5584.29M
Inventory 55.63M 54.01M 50.98M 44.51M 38.70M
Accounts payable 182.25M 117.03M 86.39M 76.61M 45.76M
Accumulated other comprehensive income 2594.17M 2415.56M 2543.30M - -
Non currrent assets other 262.76M 11095.69M 10841.47M 10918.78M 12732.93M
Non current assets total 12880.18M 11758.41M 11470.20M 11512.26M 13234.39M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -294.38M -274.75M 1184.25M 84.26M
Change to liabilities - - - 19.61M -28.03M
Total cashflows from investing activities -576.31M -294.38M -274.75M 1184.25M 110.23M
Net borrowings 47.19M 377.26M 277.22M -1318.29M 484.11M
Total cash from financing activities -177.02M 1069.05M 78.56M -1700.44M 274.00M
Change to operating activities - - - -21.76M 17.55M
Net income 813.25M 295.95M -74.99M 48.16M 518.80M
Change in cash -337.73M 1091.45M 31.77M -294.03M 614.70M
Begin period cash flow 1552.68M 461.22M 429.45M 723.48M 252.02M
End period cash flow 1214.94M 1552.68M 461.22M 429.45M 866.72M
Total cash from operating activities 415.60M 316.78M 227.97M 222.16M 230.47M
Issuance of capital stock 0.01M 899.54M 0.42M 0.00M -
Depreciation 5.04M 4.35M 2.08M 1.89M 1.86M
Other cashflows from investing activities -550.13M -222.15M -267.39M 1452.32M 75.56M
Dividends paid 123.32M 105.17M 207.02M -455.43M -70.03M
Change to inventory -1.62M -3.03M -6.47M -5.81M -5.26M
Change to account receivables -24.52M 2.50M -12.76M -1.68M -6.26M
Sale purchase of stock - - 1021.62M -0.14M -0.01M
Other cashflows from financing activities -100.91M -102.58M 7.95M 73.42M -140.07M
Change to netincome - - - -33.18M -261.61M
Capital expenditures 10.57M 19.48M 2.01M 1.72M 3.67M
Change in working capital 113.52M 31.82M -35.08M -9.64M -22.00M
Stock based compensation - - 2.80M - -
Other non cash items -516.21M -15.35M 335.96M 181.75M -268.19M
Free cash flow 405.03M 297.30M 225.96M 220.44M 226.79M

Peer Comparison*

Sector: Real Estate Industry: REIT - Office

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MRPRF
MERLIN Properties SOCIMI S.A
-
-%
13.00 8.76 22.52 15.33 0.86 18.99 10.44
BXP
BXP, Inc.
-0.23
0.35%
65.01 33.62 28.25 3.28 1.80 7.23 12.91
VNO-PM
Vornado Realty Trust
0.23
1.43%
16.58 26.09 - 5.25 - - -
ARE
Alexandria Real Estate Equities Inc
-
-%
44.80 - 16.69 3.21 0.57 7.84 31.46
VNO
Vornado Realty Trust
-0.05
0.14%
35.82 1151.00 57.14 3.77 1.42 8.30 16.47

Profile*

MERLIN Properties SOCIMI S.A

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.

Paseo de la Castellana, 257, Madrid, Spain, 28046

34 91 769 19 00

296

Name Title Year Born
Mr. Ismael Clemente Orrego Exec. Vice-Chairman & CEO 1970
Mr. Miguel Ollero Barrera Corp. MD, Corp. GM, COO, CFO & Exec. Director 1969
Ms. Mónica Eloisa Martín de Vidales Godino Sec. NA
Mr. Jon Ander Navarro Mendizabal Director of Internal Audit NA
Mr. Ildefonso Polo Del Mármol Vice-Sec. NA
Mr. Ismael Clemente Orrego Executive Vice-Chairman & CEO 1970
Mr. Miguel Oñate Chief Corporate Officer, COO & Director NA
Ms. Ines Arellano Director NA
Ms. Mónica Eloisa Martín de Vidales Godino Secretary NA
Mr. Jon Ander Navarro Mendizabal Director of Internal Audit NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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