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MERLIN Properties SOCIMI, S.A. (MRL.MC)
EUR14.91
+0.07 (+0.47%)
ES BME Real Estate REIT - Diversified
Address
Paseo de la Castellana, 257 28046
Madrid, ES
Madrid, ES
CEO
Ismael Clemente Orrego
Website
merlinproperties.com
IPO
2014-06-30
ISIN ES0105025003
Also trades on
Euronext Lisbon · MRL.LS (EUR)
Madrid Stock Exchange · MRL.MC (EUR)
Other OTC · MRPRF (USD)
Description
MERLIN Properties SOCIMI, SA stands as a leading real estate firm traded on Spain's benchmark IBEX-35 stock index. Structured as a publicly listed SOCIMI, its core business involves the strategic acquisition, proactive management, operational oversight, and targeted divestment of premium commercial properties. These assets, categorized within the Core and Core Plus investment segments, are predominantly situated in Spain, with a more limited presence in Portugal. The company specializes in real estate across the office, retail, and logistics sectors.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
EUR14.91
+0.07 (+0.47%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.96
Float Shares
394.49M
Free Float %
63.7%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.62% | -2.50% | -5.92% | +4.48% | +15.32% | +16.25% | +36.32% | +89.14% | +61.27% | +55.88% | +87.66% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Analyst Consensus (1 ratings, all time)
Buy
Price Targets & DCF
Current price
14.91
DCF (Unlevered)
9.19
-38.3%
DCF (Levered)
14.80
-0.8%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
90% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 5 | +1 |
| Buy | 14 | 0 |
| Hold | 1 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 1 | 0 |
Quality scores
Altman Z-Score
1.11
Distress
Piotroski F-Score
4 / 9
Average
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
★ Strong MOAT
-
Revenue growth+7.2% Q1'26: +10.3% (vs Q1'25)
-
EPS growth+150.0% Q1'26: -20.0% (vs Q1'25)
-
FCF margin— Q1'26: +0.0% (vs Q1'25)
-
EBIT margin— Q1'26: +73.4% (vs Q1'25)
-
ROIC— Q1'26: +3.4% (vs Q1'25)
-
Share dilution+10.4% Q1'26: +10.0% (vs Q1'25)
-
Debt / EBITDA5.31× Q1'26: 12.13× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 13 Rev. Ana. 7 EPS Ana. |
Dec 2027 14 Rev. Ana. 11 EPS Ana. |
Dec 2028 10 Rev. Ana. 4 EPS Ana. |
Dec 2029 5 Rev. Ana. 2 EPS Ana. |
Dec 2030 5 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
214.43M
est: 201.11M (+6.6%)
|
351.65M
est: 343.64M (+2.3%)
|
463.29M
est: 480.51M (-3.6%)
|
590.43M
est: 506.27M (+16.6%)
|
514.85M
est: 528.28M (-2.5%)
|
446.13M
est: 475.08M (-6.1%)
|
382.83M
est: 495.69M (-22.8%)
|
439.04M
est: 453.09M (-3.1%)
|
504.70M
est: 479.75M (+5.2%)
|
503.02M
est: 503.17M (0.0%)
|
538.96M
est: 548.32M (-1.7%)
|
603.37M
579.76M – 625.74M
+10.0% YoY
|
695.23M
628.13M – 743.53M
+15.2% YoY
|
852.52M
841.64M – 863.41M
+22.6% YoY
|
1.05B
973.22M – 1.10B
+22.7% YoY
|
1.40B
1.30B – 1.47B
+33.4% YoY
|
| EBITDA |
112.95M
est: 109.05M (+3.6%)
|
687.63M
est: 186.33M (+269.0%)
|
1.25B
est: 260.54M (+377.9%)
|
1.03B
est: 274.51M (+274.3%)
|
702.89M
est: 286.44M (+145.4%)
|
193.29M
est: 257.60M (-25.0%)
|
518.04M
est: 268.77M (+92.7%)
|
153.42M
est: 245.67M (-37.6%)
|
36.60M
est: 314.51M (-88.4%)
|
430.52M
est: 329.86M (+30.5%)
|
954.23M
est: 359.46M (+165.5%)
|
395.55M
380.07M – 410.21M
+10.0% YoY
|
455.77M
411.78M – 487.43M
+15.2% YoY
|
558.89M
551.75M – 566.02M
+22.6% YoY
|
685.78M
638.01M – 723.03M
+22.7% YoY
|
914.92M
851.18M – 964.61M
+33.4% YoY
|
| EBIT |
112.84M
est: 108.22M (+4.3%)
|
682.85M
est: 184.90M (+269.3%)
|
1.23B
est: 258.55M (+377.5%)
|
1.03B
est: 272.42M (+276.5%)
|
700.77M
est: 284.26M (+146.5%)
|
191.67M
est: 255.63M (-25.0%)
|
516.18M
est: 266.72M (+93.5%)
|
151.54M
est: 243.80M (-37.8%)
|
34.52M
est: 312.87M (-89.0%)
|
426.17M
est: 328.15M (+29.9%)
|
949.19M
est: 357.59M (+165.4%)
|
393.49M
378.09M – 408.08M
+10.0% YoY
|
453.40M
409.64M – 484.90M
+15.2% YoY
|
555.98M
548.88M – 563.08M
+22.6% YoY
|
682.22M
634.69M – 719.27M
+22.7% YoY
|
910.16M
846.75M – 959.59M
+33.4% YoY
|
| Net Income |
49.08M
est: 238.15M (-79.4%)
|
582.65M
est: 275.84M (+111.2%)
|
1.10B
est: 279.83M (+293.2%)
|
854.88M
est: 295.91M (+188.9%)
|
563.64M
est: 304.33M (+85.2%)
|
56.36M
est: 248.27M (-77.3%)
|
512.22M
est: 291.43M (+75.8%)
|
263.09M
est: 300.47M (-12.4%)
|
-83.50M
est: 115.13M (-172.5%)
|
283.76M
est: 310.02M (-8.5%)
|
786.13M
est: 307.71M (+155.5%)
|
300.30M
286.00M – 314.60M
-2.4% YoY
|
320.03M
287.28M – 352.78M
+6.6% YoY
|
384.05M
346.52M – 421.58M
+20.0% YoY
|
425.40M
386.87M – 455.44M
+10.8% YoY
|
—
— – —
-100.0% YoY
|
| SGA |
3.15M
est: 5.10M (-38.2%)
|
7.15M
est: 8.71M (-17.9%)
|
6.86M
est: 12.18M (-43.7%)
|
6.27M
est: 12.83M (-51.1%)
|
7.12M
est: 13.39M (-46.9%)
|
8.29M
est: 12.04M (-31.1%)
|
10.92M
est: 12.56M (-13.0%)
|
12.62M
est: 11.48M (+9.9%)
|
12.01M
est: 12.72M (-5.6%)
|
13.61M
est: 13.34M (+2.0%)
|
13.19M
est: 14.54M (-9.3%)
|
16.00M
15.37M – 16.59M
+10.0% YoY
|
18.44M
16.66M – 19.72M
+15.2% YoY
|
22.61M
22.32M – 22.90M
+22.6% YoY
|
27.74M
25.81M – 29.25M
+22.7% YoY
|
37.01M
34.43M – 39.02M
+33.4% YoY
|
| EPS |
0.15
est: 0.47 (-67.9%)
|
1.62
est: 0.54 (+199.4%)
|
2.35
est: 0.55 (+328.2%)
|
1.83
est: 0.58 (+215.3%)
|
1.21
est: 0.60 (+102.7%)
|
0.12
est: 0.49 (-75.4%)
|
1.10
est: 0.57 (+92.4%)
|
0.10
est: 0.59 (-83.1%)
|
-0.18
est: 0.21 (-187.1%)
|
0.56
est: 0.56 (+0.6%)
|
1.40
est: 0.55 (+153.5%)
|
0.54
0.51 – 0.56
-2.6% YoY
|
0.58
0.51 – 0.63
+7.4% YoY
|
0.69
0.62 – 0.75
+18.5% YoY
|
0.76
0.69 – 0.81
+10.4% YoY
|
—
— – —
-100.0% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-19 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-18 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-15 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-14 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-13 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-12 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-11 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-08 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-07 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-06 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-05 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-04 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-04-30 | A | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-29 | A | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-28 | A | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-27 | A | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-24 | A | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-23 | A | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-22 | A | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-21 | A | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-20 | A | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-17 | A | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-16 | A | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-15 | A | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
890.8K
OE per share TTM
0.00
Owner's Yield
0.01%
Maintenance CapEx ratio
0.05%
Maint CapEx / Avg PPE
2.6%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
3.37M
Shares Outstanding
619.09M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Francisco Rivas Gonzalez | Director | — | male |
| Ildefonso Polo Del Mármol | Vice-Secretary | — | male |
| Ines Arellano | Director | — | female |
| Ismael Clemente Orrego | Executive Vice-Chairman & Chief Executive Officer | — | male |
| Jon Ander Navarro Mendizabal | Director of Internal Audit | — | male |
| Miguel Ollero Barrera | Corporate MD, Corporate GM, Chief Operating Officer & Executive Director | — | male |
| Mónica Eloisa Martín de Vidales Godino | Secretary | — | female |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for MRL.MC
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
