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
Issue 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 (45%), Shopping centers (24%), Net Lease (17%), Logistics (11%) and other (3%). Merlin Properties' asset portfolio is worth EUR 12.4 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: 10 Jan 2020
Key Executives
Chief Executive Officer Ismael Clemente Orrego
Chief Financial Officer Fernando Lacadena
VP, Investor Relations Fernando Ramirez
Source: Cofisem - Last Update: 14 Aug 2019
Key figures
Millenium 2018 2017 2016 2015 2014
Net sales 499,708 463,294 351,646 214,429 56,616
Consumed purchases
Payroll 30,408 71,759 43,241 15,710 3,079
Operating profit 982,690 1,215,683 600,383 165,607 37,870
Income tax 58,146 12,941 9,848 8,323 1,042
Net income 854,878 1,100,528 582,774 48,953 49,670
Net consolidated income (Group share) 854,878 1,100,418 582,645 49,078 49,670
Fiscal year end 12.18 12.17 12.16 12.15 12.14
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: 10 Jan 2020
Shareholder information
Banco Santander, S.A. 22.26 %
Blackrock Inc 3.99 %
Invesco Limited 1.01 %
Source: Cofisem - Last Update: 14 Aug 2019