MRL
MERLIN Properties SOCIMI SA
ACTIONABLEMethodology gates passed
Position levels
Currenttoday
EUR 14.77
Buy <=wait / entry
EUR 13.33
Trim >=take some off
EUR 15.60
Thesis breakA sustained rise in Spanish office vacancy above disclosed levels combined with ...
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Scenario-weighted conviction
| Probability | Score | Contribution | |
|---|---|---|---|
| Bull case | 32% | 100 / 100 | 32.0 |
| Base case | 49% | 62 / 100 | 30.4 |
| Bear case | 19% | 10 / 100 | 1.9 |
| Weighted conviction | 64 / 100 - OPPORTUNISTIC BUY | ||
Top risks
- Strong 1H net income of EUR 578.9 million
- Revenue growth of 11.47% to EUR 567 million in 2025
- Analyst consensus price target of 17.31 EUR