MERLIN Properties SOCIMI, S.A. (BME:MRL)
Spain flag Spain · Delayed Price · Currency is EUR
14.10
+0.03 (0.21%)
Aug 21, 2026, 5:35 PM CET

MERLIN Properties SOCIMI Financials Overview

Millions EUR. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
601.45567508.65504.7463.07417.39
Revenue Growth
11.55%11.47%0.78%8.99%10.94%-5.71%
Net Income
852.15786.13283.76-83.5263.09512.22
Earnings Per Share
1.481.400.56-0.180.561.10
EPS Growth
23.76%151.02%---48.80%815.20%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Office Buildings
294.96289.97282.01264.13238.3221.55
Shopping Centers
132.09126.59121.22118.5115.9590.34
Data Centers
70.8537.989.043.040.01-
Corporate Unit
29.6529.615.541.21.551.3
Other
1.40.160.10.4412.356.6
Logistics
83.2982.780.7977.470.8863.03
Total
612.24567508.65504.7439.04382.83

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,5641,2151,553461.22429.45947.68
Total Debt
5,1815,0724,9434,5334,2496,266
Net Cash (Debt)
-3,617-3,857-3,390-4,072-3,820-5,318
Net Cash Growth
------
Net Cash Per Share
-6.26-6.85-6.65-8.69-8.16-11.40

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
423.6415.6316.78227.97222.16162.46
Free Cash Flow
423.6415.6316.78227.97222.16162.46
Free Cash Flow Growth
29.77%31.19%38.96%2.61%36.74%20.65%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Margin
71.11%74.52%75.75%77.75%75.69%74.86%
Pretax Margin
152.15%143.43%58.18%-14.86%10.40%96.59%
Profit Margin
141.68%138.65%55.79%-16.54%56.81%122.72%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.4200.4200.4000.2080.4420.173
Dividend Per Share Growth
4.69%5.00%91.94%-52.85%155.99%-42.44%
Dividend Yield
2.98%3.43%4.13%2.25%5.73%2.27%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
9.568.9020.14-15.628.72
PS Ratio
14.5212.3411.239.348.8710.71