Report
Florent Laroche-Joubert

Merlin Properties : Prudence en 2021 mais titre à surveiller de près lors de la reprise espagnole

>2021 : stabilité de la performance opérationnelle grâce à la diversification - La foncière, investie à 100% en Ibérie, pourrait subir encore cette année les effets de la crise sanitaire sur l’économie espagnole en raison d’une campagne de vaccination plus lente que dans d’autres pays européens (ex : croissance du PIB espagnol en 2021 abaissée cette semaine à 6.0% vs 6.8% par la Banque d’Espagne). Dans ce contexte, le management reste prudent sur ses perspectives 2021...
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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