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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Merlin Properties SOCIMI, S.A.    MRL   ES0105025003

MERLIN PROPERTIES SOCIMI, S.A.

(MRL)
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Merlin Properties buoyed by Brookfield bid report

08/04/2020 | 06:25am EST

Shares in Spain's Merlin Properties rose as much as 13% in early Tuesday trading after the Expansion newspaper reported that Canadian fund Brookfield was considering a takeover bid.

Merlin, which manages a portfolio of offices and commercial real estate across Spain and Portugal, declined to comment on the report.

At 0914 GMT its shares were trading 11% up at 7.69 euros a share.

Brookfield also declined to comment.

According to Expansion, Brookfield had been interested in acquiring Merlin before the COVID-19 pandemic and has stepped up its plans since the real estate group's market valuation has plunged.

Banco Sabadell said in an analyst note that it sees "significant potential" in the company, which has been trading at a 55% discount to its June net asset value.

But the bank said it remained cautious on the possibility of any deal and that potential suitors might struggle to win over Merlin's shareholders.

Banco Santander owns about 22% stake of Merlin while BlackRock owns 3.1%, Refinitiv data shows.

(Reporting by Nathan Allen and Joanna Jonczyk-Gwizdala; editing by Louise Heavens, Barbara Lewis and David Goodman)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BANCO DE SABADELL, S.A. -1.82% 0.3618 Delayed Quote.4.10%
BANCO SANTANDER, S.A. -3.95% 2.4325 Delayed Quote.-0.22%
BLACKROCK, INC. -3.33% 697.79 Delayed Quote.-3.29%
MERLIN PROPERTIES SOCIMI, S.A. 3.80% 7.92 Delayed Quote.-1.93%
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Financials
Sales 2020 480 M 581 M 581 M
Net income 2020 -18,0 M -21,8 M -21,8 M
Net Debt 2020 5 537 M 6 705 M 6 705 M
P/E ratio 2020 -54,8x
Yield 2020 5,08%
Capitalization 3 681 M 4 453 M 4 458 M
EV / Sales 2020 19,2x
EV / Sales 2021 17,9x
Nbr of Employees 218
Free-Float 70,4%
Chart MERLIN PROPERTIES SOCIMI, S.A.
Duration : Period :
Merlin Properties SOCIMI, S.A. Technical Analysis Chart | MRL | ES0105025003 | MarketScreener
Technical analysis trends MERLIN PROPERTIES SOCIMI, S.A.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 8,99 €
Last Close Price 7,63 €
Spread / Highest target 57,3%
Spread / Average Target 17,8%
Spread / Lowest Target -22,7%
EPS Revisions
Managers and Directors
NameTitle
Ismael Clemente Orrego Vice Chairman & Chief Executive Officer
Francisco Javier García-Carranza Benjumea Non-Executive Chairman
Miguel Ollero Barrera Chief Operating Officer, Executive Director & MD
Fernando Lacadena Azpeitia Financial Director
Ana Maria García Fau Independent Director
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