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    MRL   ES0105025003

MERLIN PROPERTIES SOCIMI, S.A.

(MRL)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 07/27 04:14:06 am
9.384 EUR   -0.70%
05/14MERLIN PROPERTIES SOCIMI, S.A. : 1st quarter results
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05/13MERLIN PROPERTIES SOCIMI S A : begins the year in line with its forecast
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05/13MERLIN PROPERTIES SOCIMI S A : 3M 2021 Executive Summary
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Spain's Merlin enters data race with eco-friendly centres project

04/06/2021 | 12:17pm EDT

MADRID, April 6 (Reuters) - Spain's Merlin said on Tuesday it planned to build four carbon-neutral data centres across Spain and Portugal as it seeks to diversify from its coronavirus-hit real estate business and cater to data-intensive companies such as Netflix.

The data centres will be built in partnership with tech infrastructure specialist Edged Energy on plots of land within Merlin's existing logistics portfolio in Madrid, Barcelona, Bilbao, and the Portuguese capital of Lisbon.

The companies will also install over 100MW of electric vehicle charging stations alongside the data centres for logistics clients looking to convert their freight fleet to electric trucks as pressure mounts to cut carbon emissions.

As the pandemic accelerates the digitisation of activity and increases dependence on both logistics and data processing, the need for large, reliable data centres closer to population hubs - which often boast dense fibre optic networks - has grown.

"You can’t service Spanish 5G markets from the availability zones in the Netherlands or U.S.," said Merlin co-founder David Brush. "Docusign, Dropbox, Salesforce, Netflix – all those customer uses drive demand for data centres, with COVID accelerating the need."

With ultra-fast 5G mobile data looming, the world's data infrastructure should be more widespread to avoid serious lags in online activity - and become less energy-intensive, Edged Energy founder Jakob Carnemark told Reuters.

Edged Energy, a subsidiary of renewable technologies company Endeavour, will build the data centres linked to local renewable energy grids, and consuming no water - an unusual feature in a field known for guzzling water to cool its servers.

"Our focus is to make data centres better stewards of water and energy, and provide resiliency services for the grid as it adopts more variable energy sources," Carnemark said, adding that Spain - with its access to submarine fibre optic cables and entry points into Europe, Africa, the Middle East and the United States - was becoming an ideal location for servicing data. (Reporting by Clara-Laeila Laudette; editing by Supantha Mukherjee and Emelia Sithole-Matarise)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX -1.04% 510.81 Delayed Quote.-2.41%
DROPBOX, INC. -0.23% 30.84 Delayed Quote.38.98%
MERLIN PROPERTIES SOCIMI, S.A. -0.42% 9.41 Delayed Quote.21.47%
NETFLIX, INC. 0.21% 516.49 Delayed Quote.-4.48%
S&P AFRICA 40 INDEX -1.14% 165.08 Delayed Quote.-4.07%
All news about MERLIN PROPERTIES SOCIMI, S.A.
05/14MERLIN PROPERTIES SOCIMI, S.A. : 1st quarter results
CO
05/13MERLIN PROPERTIES SOCIMI S A : begins the year in line with its forecast
PU
05/13MERLIN PROPERTIES SOCIMI S A : 3M 2021 Executive Summary
PU
05/13Merlin Properties Socimi, S.A. Reports Earnings Results for the First Quarter..
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04/08MERLIN PROPERTIES SOCIMI S A : – April 2021 Liquidity contract report
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04/08MERLIN PROPERTIES SOCIMI S A : and Edged Energy partner to Build Four Ultra-Effi..
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04/08Distrito Castellana Norte, S.A. announced that it expects to receive €20.2068..
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04/06Spain's Merlin enters data race with eco-friendly centres project
RE
04/06Merlin Properties Socimi, S.A. and Edged Energy Partner to Build Four Ultra-E..
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03/25MERLIN PROPERTIES SOCIMI S A : 2020 Individual Annual Accounts
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Financials
Sales 2021 506 M 597 M 597 M
Net income 2021 -143 M -168 M -168 M
Net Debt 2021 5 567 M 6 563 M 6 563 M
P/E ratio 2021 -77,9x
Yield 2021 3,69%
Capitalization 4 394 M 5 189 M 5 180 M
EV / Sales 2021 19,7x
EV / Sales 2022 19,0x
Nbr of Employees 220
Free-Float 67,5%
Chart MERLIN PROPERTIES SOCIMI, S.A.
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Merlin Properties SOCIMI, S.A. Technical Analysis Chart | MRL | ES0105025003 | MarketScreener
Technical analysis trends MERLIN PROPERTIES SOCIMI, S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 9,45 €
Average target price 9,58 €
Spread / Average Target 1,38%
EPS Revisions
Managers and Directors
Ismael Clemente Orrego Vice Chairman & Chief Executive Officer
Fernando Lacadena Azpeitia Chief Financial Officer
Francisco Javier García-Carranza Benjumea Non-Executive Chairman
Miguel Ollero Barrera Chief Operating Officer, Executive Director & MD
David Brush Chief Investment Officer
Sector and Competitors