Report
Florent Laroche-Joubert

Merlin Properties : 2023 FFO / share in line and an acceleration in data centres

>2023 FFO in line at € 0.61 / share (-2.1%) y-o-y and EPRA NTA at € 15.08 (-3.8%) - Merlin Properties has once again published a robust set of results for 2023 and in line with consensus forecasts, with: 1/ FFO / share at € 0.61 (-2.1% y-o-y) vs € 0.61 est. vs the consensus at € 0.61, 2/ EPRA NTA at € 15.08 (-3.8% y-o-y) vs the consensus at € 14.18 but 3/ also a record occupancy rate at 96.2% and growth at constant scope (cs) of 6.5%:Offices (54% of rents; +6.1% ...
Underlying
MERLIN Properties SOCIMI S.A.

Merlin Properties SOCIMI SA is a Spain-based company engaged in the operation of a real estate investment trust (REIT). The Company focuses on the acquisition, management and rental of commercial properties located in the Iberian Peninsula, primarily in Spain. The Company's activities are divided into the following segments: Office buildings, operating a portfolio of office space; High-street retail, engaged in leasing retail stores; Shopping centers, engaged in managing department stores; Logistics, operating logistics warehouses and distribution centers, and Others. The Company's other activities include property management services rendered to third parties.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Florent Laroche-Joubert

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