Merlin Properties/€MRL
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About Merlin Properties
MERLIN Properties SOCIMI SA, ticker symbol MRL, is a prominent real estate investment trust (REIT) established in 2014. The company primarily acquires, actively manages, and invests in commercial real estate assets, specializing in sectors such as offices, logistics facilities, retail properties, and urban hotels across Spain and Portugal. Operating within the financial sector, MERLIN Properties is known for focusing on high-quality assets in prime locations to optimize value for shareholders.
Ticker
€MRL
Sector
Primary listing
BME
Employees
287
Headquarters
Website
MRL Metrics
BasicAdvanced
€7.5B
11.23
€1.19
1.26
€0.36
2.70%
Price and volume
Market cap
€7.5B
Beta
1.26
52-week high
€13.89
52-week low
€8.48
Average daily volume
1.2K
Dividend rate
€0.36
Financial strength
Current ratio
3.499
Quick ratio
3.255
Long term debt to equity
55.536
Total debt to equity
56.915
Dividend payout ratio (TTM)
16.87%
Interest coverage (TTM)
3.16%
Profitability
EBITDA (TTM)
428.238
Gross margin (TTM)
100.00%
Net profit margin (TTM)
123.12%
Operating margin (TTM)
78.45%
Effective tax rate (TTM)
3.18%
Revenue per employee (TTM)
€1,880,000
Management effectiveness
Return on assets (TTM)
2.05%
Return on equity (TTM)
9.18%
Valuation
Price to earnings (TTM)
11.234
Price to revenue (TTM)
13.831
Price to book
0.95
Price to tangible book (TTM)
0.95
Price to free cash flow (TTM)
23.1
Free cash flow yield (TTM)
4.33%
Free cash flow per share (TTM)
0.58
Dividend yield (TTM)
2.70%
Growth
Revenue change (TTM)
12.39%
Earnings per share change (TTM)
495.92%
3-year revenue growth (CAGR)
5.93%
3-year earnings per share growth (CAGR)
-11.87%
3-year dividend per share growth (CAGR)
-0.40%
What the Analysts think about MRL
Analyst ratings (Buy, Hold, Sell) for Merlin Properties stock.
Bulls say / Bears say
Completed a €1 billion capital increase in July 2025 to finance its data centre expansion, significantly strengthening its growth pipeline in high-demand AI-driven digital infrastructure (Reuters).
Reported Q1 2025 revenues of €138 million (+8.4%) and net profit of €84.2 million (+30%), while maintaining portfolio occupancy at 96.7%, underscoring robust operational resilience (Cinco Días).
H1 2025 funds from operations rose 12.8% year-on-year to €166.6 million, prompting an upward revision of its 2025 FFO guidance to €0.56 per share and a proposed 5% dividend increase to €0.42, highlighting strong cash flow generation (Cinco Días).
Data centre expansion depends on substantial capital expenditure and faces potential regulatory and licensing delays that could lead to cost overruns and timeline slippages (Reuters).
The office segment recorded a –1.3% release spread on lease renewals in Q1 2025, indicating downward pressure on rental rates and potential margin compression in its core office portfolio (Iberian Property).
Spain’s central bank lowered its 2025 GDP growth forecast to 2.4%, which could weaken tenant demand and rent growth in Merlin’s predominantly Iberian portfolio (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 3 Nov 2025.
MRL Financial Performance
Revenues and expenses
MRL Earnings Performance
Company profitability
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.
Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Merlin Properties stock?
Merlin Properties (MRL) has a market cap of €7.5B as of November 08, 2025.
What is the P/E ratio for Merlin Properties stock?
The price to earnings (P/E) ratio for Merlin Properties (MRL) stock is 11.23 as of November 08, 2025.
Does Merlin Properties stock pay dividends?
Yes, the Merlin Properties (MRL) stock pays dividends to shareholders. As of November 08, 2025, the dividend rate is €0.36216 and the yield is 2.7%. Merlin Properties has a payout ratio of 16.87% on a trailing twelve-month basis.
When is the next Merlin Properties dividend payment date?
The next Merlin Properties (MRL) dividend payment date is unconfirmed.
What is the beta indicator for Merlin Properties?
Merlin Properties (MRL) has a beta rating of 1.26. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.