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MRL

MERLIN Properties SOCIMI SA

OPPORTUNISTIC BUY 2026-08-08 Data 35 days old EUR 14.77 Real Estate - REIT - DiversifiedAWAIT ENTRY
ACTIONABLEMethodology gates passed
64

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

ProbabilityScoreContribution
Bull case32%100 / 10032.0
Base case49%62 / 10030.4
Bear case19%10 / 1001.9
Weighted conviction64 / 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
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