Added to YB: 2026-09-28
Pitch date: 2026-09-24
MRL.MC [neutral]
MERLIN Properties SOCIMI, S.A.
+0.08%
current return
Author Info
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Company Info
MERLIN Properties SOCIMI, S.A. is one of the largest real estate and infrastructure companies listed on the Spanish Stock Exchange.
Market Cap
EUR 7.7B
Pitch Price
EUR 12.25
Price Target
N/A
Dividend
3.36%
EV/EBITDA
26.20
P/E
8.48
EV/Sales
18.89
Sector
Diversified REITs
Category
special_situation
Merlin Properties (MRL Spain): Portugal provides a data centre fallback
MRL.MC (update): Merlin Properties’ broader data-centre strategy remains intact despite draft Spanish rules requiring new facilities above 1 MW to source at least 80% of their electricity from newly developed renewables, matched hourly. Around 30% of its planned 724 MW across phases I-III could be affected under the original wording, but roughly 1 GW of potential Lisbon capacity provides a fallback. The unresolved risk is slower deployment and lower returns on some projects if Spain retains stringent requirements.
Read full article (2 min)