Merlin Properties SOCIMI SA
Research Merlin Properties SOCIMI SA (MRL) on Bullrun: market cap EUR 7.08B, P/E 7.8, dividend yield 1.8%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerMRL
- ExchangeLS
- CountrySpain
- SectorReal Estate
- IndustryREIT - Office
- CurrencyEUR
- Market capEUR 7.08B
- P/E7.8
- Dividend yield1.8%
- Financial periodQ2 2026
- RevenueEUR 160.38M
- Net incomeEUR 501.92M
Valuation Snapshot
latest market cap is EUR 7.08B; P/E is 7.8; dividend yield is 1.8%.
Peer valuation comparison
Latest P/E is 7.78x versus a Real Estate sector median of 13.11x (40.6% below).
Latest dividend yield is 1.79% versus a Real Estate sector median of 4.63% (61.3% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2024 | EUR 494.57M | EUR 283.76M | n/a | n/a | 0.56 | EUR 1.55B | EUR 4.92B | EUR 7.50B |
| FY2023 | EUR 464.78M | -EUR 83.50M | n/a | n/a | -0.18 | EUR 461.22M | n/a | EUR 6.54B |
| FY2022 | EUR 439.04M | EUR 263.09M | n/a | n/a | 0.09 | EUR 429.45M | n/a | EUR 6.85B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-16 | EUR 7.08B | 7.8 | 1.8% | 0.22 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.22 EUR, yield 1.8%.
| Year | Dividends/share |
|---|---|
| FY2024 | 0.42 EUR |
| FY2023 | 0.44 EUR |
| FY2022 | 1.2 EUR |
About Merlin Properties SOCIMI SA
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.
ETFs that hold Merlin Properties SOCIMI SA
Merlin Properties SOCIMI SA is one of the ten largest holdings of 11 ETFs that investors in Europe can buy. The 8 most traded of them:
| ETF | Weight | TER |
|---|---|---|
| iSh MSCI EMU SCap EUR A | 1.16% | 0.58% |
| iShares European Property Yield UCITS ETF EUR (Dist) | 4.96% | 0.40% |
| Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1C | 3.26% | 0.33% |
| iShares European Property Yield UCITS ETF EUR (Acc) | 4.47% | 0.40% |
| Amundi MSCI EMU Small Cap ESG Broad Transition UCITS ETF DIST | 1.59% | 0.40% |
| iShares STOXX Europe 600 Real Estate UCITS ETF (DE) | 3.62% | 0.46% |
| UBS MSCI EMU Small Cap UCITS ETF EUR dis | 1.17% | 0.28% |
| BNP Paribas Easy FTSE EPRA/NAREIT Eurozone Capped UCITS ETF Cap | 6.85% | 0.40% |
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Frequently asked questions
What is Merlin Properties SOCIMI SA's market cap?
Merlin Properties SOCIMI SA's market capitalization is EUR 7.08B.
What is Merlin Properties SOCIMI SA's P/E ratio?
Merlin Properties SOCIMI SA's price-to-earnings (P/E) ratio is 7.8.
Does Merlin Properties SOCIMI SA pay a dividend?
Merlin Properties SOCIMI SA has a dividend yield of 1.8%.
What does Merlin Properties SOCIMI SA do?
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.