Merlin Properties SOCIMI SA MRPRF

Morningstar Rating

About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

MRPRF is trading within a range we consider fairly valued.
Price
$13.48
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
—

Trading Information

Previous Close Price
—
Day Range
—–—
52-Week Range
—–—
Bid/Ask
— / —
Shares Outstanding
619.18M
Market Cap
—
Volume/Avg
— / —

Key Statistics

Price/Earnings (Normalized)
9.33
Price/Sales
11.68
Dividend Yield (Trailing)
3.63%
Dividend Yield (Forward)
3.63%
Dividend Payment Schedule
May, Dec
Total Yield
3.63%

Company Profile

Merlin Properties is Spain’s largest listed SOCIMI/REIT, managing a EUR 12.6 billion portfolio across offices, logistics, shopping centers, and data centers. Over the coming years, it will bring at least 730 megawatts of data center capacity online, increasing its gross rental income contribution from just 6% in 2025 to 65% by 2032. Its total GRI will more than triple to EUR 1.8 billion, driven by its Mega Plan. Additionally, it has a pipeline of 4.4 GW worth of land at varying stages of readiness that it can develop.
Sector
Real Estate
Industry
REIT - Office
Stock Style Box
Mid Core
Total Number of Employees
296

Competitors

Valuation

Metric
MRPRF
EQIX
DLR
Price/Earnings (Normalized)
9.3360.94100.43
Price/Book Value
0.796.952.45
Price/Sales
11.6810.189.22
Price/Cash Flow
21.0522.9222.03
Price/Earnings
MRPRF
EQIX
DLR

Financial Strength

Metric
MRPRF
EQIX
DLR
Quick Ratio
1.510.910.73
Current Ratio
1.591.130.73
Interest Coverage
7.253.702.83
Quick Ratio
MRPRF
EQIX
DLR

Profitability

Metric
MRPRF
EQIX
DLR
Return on Assets (Normalized)
5.89%5.31%2.26%
Return on Equity (Normalized)
10.11%14.87%4.88%
Return on Invested Capital (Normalized)
7.13%6.74%3.44%
Return on Assets
MRPRF
EQIX
DLR

REIT - Office Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
BXP Inc
BXP
LOCK|#m?&H#LOCK|MxR$10B
Merlin Properties SOCIMI SA ADR
MPTYY
—LOCK|Yg$8B
Alexandria Real Estate Equities Inc
ARE
LOCK|MGC^rkTLOCK|j!$8B
Nippon Building Fund Inc
NBFJF
—LOCK|JdgJw$7B
Vornado Realty Trust
VNO
LOCK|$^M#<KLOCK|Wj$6B
Gecina Nom
GECFF
—LOCK|xX$5B
Japan Real Estate Investment Corp
JREIF
—LOCK|dKQ$5B
Kilroy Realty Corp
KRC
LOCK|X@DHLpwLOCK|tG>$4B
SL Green Realty Corp
SLG
LOCK|MWh<^?LOCK|%w<$3B

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