Merlin Properties Socimi S.A.
ISIN
ES0105025003
Ticker
MRL
Sector
Sub-Industry
Country
Spain
Year Founded
2014
ISIN
ES0105025003
Ticker
MRL
Sector
Sub-Industry
Country
Spain
Year Founded
2014
MERLIN Properties SOCIMI, S.A. is one of the leading real estate companies listed on the Spanish Stock Exchange (IBEX-35), focused on the acquisition and management of commercial assets in the Iberian Peninsula.
The Company has elected to become a SOCIMI (Spanish REIT regime). The principal activity of the Company is the acquisition, active management, operation and selective rotation of commercial real estate assets in the segment of “Core” and “Core Plus”, mainly in Spain and to a lesser extent in Portugal. The Company is focused on the office, retail and logistics.
MERLIN Properties benefits from top qualified professionals leading the management of the portfolio, seeking to maximise the operational efficiency and return on assets.
The company aims to remunerate the shareholders through a combination of annual dividend distribution and value enhancement of the EPRA NAV of the Company.
222
Spain
| Line item in (eur) | 01.01.2019 | 02.01.2019 | 01.01.2020 | 02.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 | 01.01.2024 |
|---|---|---|---|---|---|---|---|---|
| Assets | N/A | N/A | 13,305,731,000.00 | N/A | 13,477,612,000.00 | 14,272,837,000.00 | 12,051,483,000.00 | 12,065,411,000.00 |
| Noncurrent Assets | N/A | N/A | 12,993,010,000.00 | N/A | 13,061,757,000.00 | 13,234,394,000.00 | 11,512,263,000.00 | 11,465,445,000.00 |
| Property Plant And Equipment | N/A | N/A | 11,683,000.00 | N/A | 7,106,000.00 | 9,160,000.00 | 6,323,000.00 | 7,142,000.00 |
| Investment Property | N/A | N/A | 12,169,157,000.00 | N/A | 12,139,347,000.00 | 12,297,257,000.00 | 10,714,200,000.00 | 10,639,763,000.00 |
| Other Intangible Assets | N/A | N/A | 797,000.00 | N/A | 961,000.00 | 1,594,000.00 | 1,746,000.00 | 1,570,000.00 |
| Investment Accounted For Using Equity Method | N/A | N/A | 346,973,000.00 | N/A | 434,127,000.00 | 482,784,000.00 | 500,300,000.00 | 537,288,000.00 |
| Deferred Tax Assets | N/A | N/A | 87,778,000.00 | N/A | 87,469,000.00 | 83,808,000.00 | 78,646,000.00 | 77,573,000.00 |
| Current Assets | N/A | N/A | 312,721,000.00 | N/A | 415,855,000.00 | 1,038,443,000.00 | 539,220,000.00 | 599,966,000.00 |
| Trade And Other Current Receivables | N/A | N/A | 30,263,000.00 | N/A | 33,368,000.00 | 39,625,000.00 | 49,840,000.00 | 62,598,000.00 |
| Other Current Financial Assets | N/A | N/A | 7,723,000.00 | N/A | 79,365,000.00 | 82,919,000.00 | 2,960,000.00 | 4,990,000.00 |
| Cash and cash equivalents | N/A | 169,025,000.00 | 254,016,000.00 | 254,016,000.00 | 252,022,000.00 | 866,721,000.00 | 429,449,000.00 | 461,223,000.00 |
| Current Prepayments And Other Current Assets | N/A | N/A | 20,498,000.00 | N/A | 17,664,000.00 | 10,481,000.00 | 12,463,000.00 | 20,179,000.00 |
| Equity And Liabilities | N/A | N/A | 13,305,731,000.00 | N/A | 13,477,612,000.00 | 14,272,837,000.00 | 12,051,483,000.00 | 12,065,411,000.00 |
| Equity | 6,401,836,000.00 | N/A | 6,708,700,000.00 | N/A | 6,696,267,000.00 | 7,026,922,000.00 | 6,849,224,000.00 | 6,539,038,000.00 |
| Issued Capital | N/A | N/A | 469,771,000.00 | N/A | 469,771,000.00 | 469,771,000.00 | 469,771,000.00 | 469,771,000.00 |
| Share Premium | N/A | N/A | 3,813,409,000.00 | N/A | 3,813,409,000.00 | 3,647,876,000.00 | 3,541,379,000.00 | 3,541,379,000.00 |
| Treasury Shares | N/A | N/A | 56,860,000.00 | N/A | 54,149,000.00 | 32,305,000.00 | 17,166,000.00 | 15,410,000.00 |
| Other Reserves | N/A | N/A | N/A | N/A | 2,509,875,000.00 | 2,566,276,000.00 | 3,023,630,000.00 | 2,729,403,000.00 |
| Equity Attributable To Owners Of Parent | N/A | N/A | 6,708,700,000.00 | N/A | 6,696,267,000.00 | 7,026,922,000.00 | 6,849,224,000.00 | 6,539,038,000.00 |
| Noncurrent Liabilities | N/A | N/A | 6,383,028,000.00 | N/A | 6,602,085,000.00 | 6,509,285,000.00 | 4,251,747,000.00 | 5,311,701,000.00 |
| Noncurrent Provisions | N/A | N/A | 33,708,000.00 | N/A | 18,296,000.00 | 11,210,000.00 | 12,670,000.00 | 20,181,000.00 |
| Deferred Tax Liabilities | N/A | N/A | 687,654,000.00 | N/A | 684,454,000.00 | 681,013,000.00 | 613,479,000.00 | 613,190,000.00 |
| Other Noncurrent Financial Liabilities | N/A | N/A | 120,464,000.00 | N/A | 141,436,000.00 | 158,353,000.00 | 156,398,000.00 | 171,262,000.00 |
| Noncurrent Portion Of Noncurrent Loans Received | N/A | N/A | 1,817,788,000.00 | N/A | 1,692,097,000.00 | 1,641,139,000.00 | 189,866,000.00 | 1,223,731,000.00 |
| Noncurrent Portion Of Noncurrent Bonds Issued | N/A | N/A | 3,723,414,000.00 | N/A | 4,065,802,000.00 | 4,017,570,000.00 | 3,279,334,000.00 | 3,283,337,000.00 |
| Current Liabilities | N/A | N/A | 214,003,000.00 | N/A | 179,260,000.00 | 736,630,000.00 | 950,512,000.00 | 214,672,000.00 |
| Current Provisions | N/A | N/A | 778,000.00 | N/A | 0.00 | N/A | N/A | N/A |
| Trade And Other Current Payables | N/A | N/A | 144,732,000.00 | N/A | 111,112,000.00 | 114,155,000.00 | 146,850,000.00 | 164,008,000.00 |
| Other Current Financial Liabilities | N/A | N/A | 6,576,000.00 | N/A | 7,780,000.00 | 7,864,000.00 | 9,020,000.00 | 7,369,000.00 |
| Other Current Liabilities | N/A | N/A | 7,847,000.00 | N/A | 8,342,000.00 | 7,668,000.00 | 11,566,000.00 | 10,210,000.00 |
| Current Loans Received And Current Portion Of Noncurrent Loans Received | N/A | N/A | 18,326,000.00 | N/A | 13,261,000.00 | 14,853,000.00 | 2,806,000.00 | 4,528,000.00 |
| Current Bonds Issued And Current Portion Of Noncurrent Bonds Issued | N/A | N/A | 34,631,000.00 | N/A | 36,291,000.00 | 588,155,000.00 | 775,036,000.00 | 20,966,000.00 |
| Line item in (eur) | 01.01.2019/ 01.01.2020 |
01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
01.01.2023/ 01.01.2024 |
|---|---|---|---|---|---|
| Revenue | 514,853,000.00 | 446,132,000.00 | 382,830,000.00 | 439,038,000.00 | 464,779,000.00 |
| Other Income | 2,799,000.00 | 2,640,000.00 | 4,277,000.00 | 2,650,000.00 | 4,754,000.00 |
| Employee Benefits Expense | 76,854,000.00 | 40,888,000.00 | 40,779,000.00 | 39,673,000.00 | 34,845,000.00 |
| Depreciation And Amortisation Expense | 2,123,000.00 | 1,614,000.00 | 1,858,000.00 | 1,885,000.00 | 2,075,000.00 |
| Other Expense By Nature | 64,473,000.00 | 66,936,000.00 | 68,594,000.00 | 73,818,000.00 | 73,325,000.00 |
| Profit Loss From Operating Activities | 707,331,000.00 | 240,536,000.00 | 470,642,000.00 | 88,441,000.00 | 8,907,000.00 |
| Finance Income | 664,000.00 | 3,387,000.00 | 5,421,000.00 | 3,942,000.00 | 10,106,000.00 |
| Finance Costs | 116,242,000.00 | 149,653,000.00 | 116,458,000.00 | 109,203,000.00 | 127,786,000.00 |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | 10,065,000.00 | -3,444,000.00 | 34,560,000.00 | 24,033,000.00 | 39,923,000.00 |
| Profit Loss Before Tax | 590,710,000.00 | 55,612,000.00 | 403,170,000.00 | 48,156,000.00 | -74,992,000.00 |
| Income Tax Expense Continuing Operations | 27,071,000.00 | -746,000.00 | 7,810,000.00 | 6,800,000.00 | 8,505,000.00 |
| Profit Loss From Continuing Operations | N/A | N/A | 395,360,000.00 | 41,356,000.00 | -83,497,000.00 |
| Profit Loss From Discontinued Operations | N/A | N/A | 116,857,000.00 | 221,731,000.00 | 0.00 |
| Profit (loss) | 563,639,000.00 | 56,358,000.00 | 512,217,000.00 | 263,087,000.00 | -83,497,000.00 |
| Profit Loss Attributable To Owners Of Parent | 563,639,000.00 | 56,358,000.00 | 512,217,000.00 | 263,087,000.00 | -83,497,000.00 |
| Line item in (eur) | 01.01.2020 | 02.01.2019 | 01.01.2021 | 02.01.2020 | 01.01.2022 | 01.01.2023 | 01.01.2024 |
|---|---|---|---|---|---|---|---|
| Profit (loss) | 563,639,000.00 | N/A | 56,358,000.00 | N/A | 512,217,000.00 | 263,087,000.00 | -83,497,000.00 |
| Adjustments For Reconcile Profit Loss | -159,859,000.00 | N/A | 302,811,000.00 | N/A | -114,602,000.00 | 283,772,000.00 | 436,354,000.00 |
| Adjustments For Decrease Increase In Inventories | 1,065,000.00 | N/A | -33,215,000.00 | N/A | -5,261,000.00 | -5,811,000.00 | -6,468,000.00 |
| Adjustments For Depreciation And Amortisation Expense | 2,123,000.00 | N/A | 1,614,000.00 | N/A | 1,858,000.00 | 1,885,000.00 | 2,075,000.00 |
| Adjustments For Provisions | 60,150,000.00 | N/A | 19,320,000.00 | N/A | 11,079,000.00 | 4,174,000.00 | 7,410,000.00 |
| Adjustments For Fair Value Gains Losses | 11,068,000.00 | N/A | 35,152,000.00 | N/A | -10,353,000.00 | -41,226,000.00 | 6,232,000.00 |
| Adjustments For Losses Gains On Disposal Of Noncurrent Assets | 19,062,000.00 | N/A | 14,300,000.00 | N/A | 1,867,000.00 | -11,561,000.00 | 7,023,000.00 |
| Other Adjustments To Reconcile Profit Loss | -5,669,000.00 | N/A | -1,753,000.00 | N/A | -1,000.00 | 0.00 | -127,000.00 |
| Adjustments For Reconcile Profit Loss | -159,859,000.00 | N/A | 302,811,000.00 | N/A | -114,602,000.00 | 283,772,000.00 | 436,354,000.00 |
| Cash Flows From Used In Operations | 125,399,000.00 | N/A | 126,049,000.00 | N/A | 104,505,000.00 | 100,136,000.00 | 98,320,000.00 |
| Interest Paid Classified As Operating Activities | 110,711,000.00 | N/A | 126,695,000.00 | N/A | 103,861,000.00 | 100,588,000.00 | 109,299,000.00 |
| Interest Received Classified As Operating Activities | 236,000.00 | N/A | 2,392,000.00 | N/A | 3,011,000.00 | 1,980,000.00 | 8,994,000.00 |
| Cash Flows From Used In Operating Activities | 294,860,000.00 | N/A | 134,660,000.00 | N/A | 230,466,000.00 | N/A | N/A |
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | 113,485,000.00 | N/A | 0.00 | N/A | 2,000.00 | 0.00 | 0.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | 8,945,000.00 | N/A | 2,000,000.00 | N/A | 2,332,000.00 | 644,000.00 | 1,101,000.00 |
| Purchase Of Intangible Assets Classified As Investing Activities | 972,000.00 | N/A | 568,000.00 | N/A | 1,342,000.00 | 1,071,000.00 | 906,000.00 |
| Cash Flows From Used In Investing Activities | -277,781,000.00 | N/A | -229,866,000.00 | N/A | 110,230,000.00 | N/A | N/A |
| Payments To Acquire Or Redeem Entitys Shares | 633,000.00 | N/A | 0.00 | N/A | 5,000.00 | 142,000.00 | -418,000.00 |
| Payments Of Other Equity Instruments | 45,215,000.00 | N/A | 0.00 | N/A | 140,066,000.00 | 106,497,000.00 | 0.00 |
| Proceeds From Borrowings Classified As Financing Activities | 1,051,912,000.00 | N/A | 27,261,000.00 | N/A | 417,000.00 | 81,760,000.00 | 1,021,625,000.00 |
| Repayments Of Borrowings Classified As Financing Activities | 1,244,641,000.00 | N/A | 202,278,000.00 | N/A | 710,000.00 | 851,750,000.00 | 1,623,000.00 |
| Dividends Paid Classified As Financing Activities | 187,132,000.00 | N/A | 68,518,000.00 | N/A | 70,033,000.00 | 455,429,000.00 | 207,023,000.00 |
| Cash Flows From Used In Financing Activities | 67,912,000.00 | N/A | 93,212,000.00 | N/A | 274,003,000.00 | N/A | N/A |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | 84,991,000.00 | N/A | -1,994,000.00 | N/A | 614,699,000.00 | N/A | N/A |
| Cash and cash equivalents | 254,016,000.00 | 169,025,000.00 | 252,022,000.00 | 254,016,000.00 | 866,721,000.00 | 429,449,000.00 | 461,223,000.00 |
Please note that some sums might not add up.
ES0105025003
959800L8KD863DP30X04
IBEX35
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