MERLIN Properties SOCIMI First Half 2024 Earnings: FFO per share: €0.3 (vs €0.32 in 1H 2023)

MERLIN Properties SOCIMI (BME:MRL) First Half 2024 Results

Key Financial Results

• Revenue: €245.5m (down 9.2% from 1H 2023).
• Funds from operations (FFO): €147.8m (flat on 1H 2023).
• FFO margin: 60% (up from 55% in 1H 2023).
• FFO per share: €0.3 (up from €0.32 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

MERLIN Properties SOCIMI Earnings Insights

Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the REITs industry in Europe.

Performance of the market in Spain.

The company's shares are down 4.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for MERLIN Properties SOCIMI (1 is concerning!) that you should be aware of.

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