MERLIN Properties SOCIMI, S.A.

BME:MRL Stock Report

Market Cap: €9.4b

MERLIN Properties SOCIMI Dividends and Buybacks

Dividend criteria checks 4/6

MERLIN Properties SOCIMI is a dividend paying company with a current yield of 2.76% that is well covered by earnings.

Key information

2.8%

Dividend yield

-0.0001%

Buyback Yield

Total Shareholder Yield2.8%
Future Dividend Yield3.4%
Dividend Growth0.7%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio34%

Recent dividend and buyback updates

Recent updates

Narrative Update Sep 11

Data Centers And Madrid Offices Will Unlock Future Opportunity

MERLIN Properties SOCIMI’s marginally increased price target reflects slightly improved revenue growth forecasts and a modest uptick in future P/E expectations, resulting in a new consensus fair value of €14.34. What's in the News Held an Analyst/Investor Day.
Narrative Update Aug 27

Data Centers And Madrid Offices Will Unlock Future Opportunity

The consensus analyst price target for MERLIN Properties SOCIMI has ticked higher, primarily driven by a sharp improvement in valuation as indicated by a materially lower future P/E multiple, with fair value rising from €13.74 to €14.03. What's in the News Held Analyst/Investor Day event.
Narrative Update Aug 11

Merlin Properties Will Embrace the Digital Age with Data Center Expansion

Summary of MERLIN Properties’ H1 2025 results: Operational Performance Organic rental growth : +3.4% Like-for-Like (LfL). High occupancy : 95.4% overall.
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New Narrative Mar 02

Data Center Developments And Urban Trends Will Shape Positive Future Outlook

Strong market demand and strategic developments suggest improved revenue and earnings prospects in high-demand areas and logistics.

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: MRL's dividend payments have been volatile in the past 10 years.

Growing Dividend: MRL's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

MERLIN Properties SOCIMI Dividend Yield vs Market
How does MRL dividend yield compare to the market?
SegmentDividend Yield
Company (MRL)2.8%
Market Bottom 25% (ES)1.8%
Market Top 25% (ES)5.3%
Industry Average (REITs)2.9%
Analyst forecast (MRL) (up to 3 years)3.4%

Notable Dividend: MRL's dividend (2.76%) is higher than the bottom 25% of dividend payers in the Spanish market (1.81%).

High Dividend: MRL's dividend (2.76%) is low compared to the top 25% of dividend payers in the Spanish market (5.28%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (34%), MRL's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (63.2%), MRL's dividend payments are covered by cash flows.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 23:16
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MERLIN Properties SOCIMI, S.A. is covered by 31 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullBanco de Sabadell. S.A.
José Francisco CravoBanco Santander
Mariano Miguel HidalgoBanco Santander