Merlin Properties : Caution on 2021 but the stock needs to be watched closely for Spanish recovery
>2021: stable operating performance thanks to diversification - Merlin Properties, 100% invested in the Iberian Peninsula, could continue to suffer the effects of the health crisis on the Spanish economy due to a slower vaccination campaign than in other European countries (e.g.: Spanish GDP growth outlook lowered this week to 6.0% vs 6.8% by the Bank of Spain). Against this backdrop, management remains cautious on the outlook for 2021 even though only 9.9% of its lea...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.