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MRL

MERLIN Properties SOCIMI SA

BUY 2026-08-01 Updated today EUR 15.06 Real Estate - REIT - DiversifiedAWAIT ENTRY
65

Position levels

Currenttoday
EUR 15.06
Buy <=wait / entry
EUR 13.67
Trim >=take some off
EUR 16.00
Thesis breakA material, sustained rise in disclosed Madrid and Barcelona office vacancy or a...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case33%100 / 10033.0
Base case48%62 / 10029.8
Bear case19%10 / 1001.9
Weighted conviction65 / 100 - BUY

Top risks

  • MRL EPS grew 575% QoQ from Q1 2026 to Q2 2026 and 6.58% YoY
  • MRL revenue grew 10.03% YoY from Q2 2025 to Q2 2026, outperforming peers
  • Analyst consensus Strong Buy with 12-month price target of EUR 17.50
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.