Report
Florent Laroche-Joubert

Merlin Properties : Operating momentum even better than in 9M 2022

>2022 FFO in line at € 0.62 per share and EPRA NTA down 2.7% at € 15.67 - Merlin Properties has reported 2022 results that were robust on the topline and in line with consensus expectations as regards the financial performance, with (i) FFO per share of € 0.62 (+6.9% yoy) vs € 0.62 for the consensus and (ii) EPRA NTA of € 15.67 (-2.7% yoy) vs € 15.67 for the consensus. This performance reflects the sale of the bank branch portfolio to BBVA in June 2022, but also a par...
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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