Identification
Instrument name
MERLIN PROPERTIES
Symbol
MRL
ISIN code
ES0105025003
LEI code
959800L8KD863DP30X04
Exchange / Market
Euronext
Trading location
Lisbon
Products family
Stocks
Capitalization compartment
Compartment A
ICB
Diversified REITs
Operation
IPO date
IPO type
Direct listing

Company profile

Merlin Properties SOCIMI, S.A. is a listed Real Estate Investment Trust (REIT). The Company acquires, actively manages, invests and selectively rotates commercial real estate assets in Spain (91% of rents) and Portugal (9% of rents). Rental income breaks down by asset type between Offices (46.5%), Shopping centers (23.8%), Net Lease (16.9%), Logistics (10.1%) and other (2.8%). Merlin Properties' asset portfolio is worth EUR 12.2 billion and generates more than 500 million of annual rental income. The company aims to remunerate the shareholders through a combination of annual dividend distribution and value enhancement of the EPRA NAV of the Company.

Source: Cofisem - Last Update: 15 May 2020
Key Executives
Chief Executive Officer Ismael Clemente Orrego
Chief Financial Officer Fernando Lacadena
Investor Relations Director Fernando Ramirez
Source: Cofisem - Last Update: 14 Aug 2019
Key figures
Millenium 2019 2018 2017 2016 2015
Net sales 514,853 499,708 463,294 351,646 214,429
Consumed purchases
Payroll 76,854 30,408 71,759 43,241 15,710
Operating profit 707,331 982,690 1,215,683 600,383 165,607
Income tax 27,071 58,146 12,941 9,848 8,323
Net income 563,639 854,878 1,100,528 582,774 48,953
Net consolidated income (Group share) 563,639 854,878 1,100,418 582,645 49,078
Fiscal year end 12.19 12.18 12.17 12.16 12.15
Length of fiscal year (month) 12 12 12 12 12
Currency & Unit EUR - thousands EUR - thousands EUR - thousands EUR - thousands EUR - thousands
Account Standards
Source: Cofisem - Last Update: 15 May 2020
Shareholder information
Banco Santander, S.A. 22.26 %
Invesco Limited 1.01 %
Source: Cofisem - Last Update: 14 Aug 2019