)
Edge
Extra Everything: The Story of Chipotle
Chipotle's story from a single restaurant to a nationwide chain, through crisis and turnaround, built on one of the strongest models in the industry.
MERLIN Properties SOCIMI
MERLIN Properties SOCIMI (MRL) investor relations material
MERLIN Properties SOCIMI AGM 2026 presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2026 presentation summary29 Apr, 2026
2025 operating performance
Portfolio occupancy declined by 116 bps vs FY24, with offices at 94.2%, logistics at 96.4%, and shopping centers at 97.0%.
Like-for-like rental growth reached 3.5%, with release spreads of 4.8% overall; shopping centers led with 6.7%.
Office market adapted to hybrid work, with 275,453 sqm contracted and 3.5% LfL rental growth.
Logistics portfolio managed 2.7m sqm at 96.4% occupancy, 1.5% LfL rental growth, and 5.8% release spread.
Shopping centers saw 4.7% LfL rental growth, 6.7% release spread, and 6.6% tenant sales growth.
2025 financial performance
Revenues reached €565m (+9.3% YoY), NOI margin at 89.2%, and EBITDA margin at 76.7%.
FFO was €327m, AFFO €305m, IFRS net profit €786m, and EPRA NTA €8,660m.
Portfolio GAV stood at €12,630m with a gross yield of 4.9%; offices comprised €6,591m of GAV.
Total capex for 2025 was €635m, with €447m focused on data centers.
Net financial debt was €3,743m, LTV at 28.9%, average maturity 4.4 years, and 100% fixed rate.
Value creation initiatives
Major refurbishments include Alfonso XI (11,188 sqm, €16.6m capex, 9.6% YoC) and Liberdade 201 in Lisbon (17,897 sqm, €44.2m capex, 5.6% YoC).
Adequa 4 & 7 business park (47,440 sqm, €138.4m capex, 10.4% YoC) fully pre-let.
Logistics pipeline includes 279k sqm committed (to be delivered by 2H27) and 183k sqm non-committed, with expected stabilized GRI of €16.6m and €11.2m, respectively.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from MERLIN Properties SOCIMI
- Record results with robust data center growth, high occupancy, and stable 2026 outlook.MRL
H2 20257 Apr 2026 - Phase III adds 412 MW, tripling revenue and boosting capacity to 730 MW by 2032.MRLCMD 202612 Mar 2026
- Strong 6M24 growth, high occupancy, and S&P credit upgrade to BBB+ support outlook.MRLH1 20243 Feb 2026
- Strong FFO and rent growth, high occupancy, and major new leases drive expansion.MRLQ3 2024 TU14 Jan 2026
- Record occupancy, rental growth, and data center expansion drive robust 2024 results.MRLH2 202415 Dec 2025
- Strong FFO, earnings, and data center growth with high occupancy and stable dividends.MRLQ1 2025 TU20 Nov 2025
- Net earnings up 158.8% on strong rent growth, high occupancy, and data center expansion.MRLQ3 2025 TU17 Nov 2025
- FFO and net profit surged on rental growth, data center gains, and raised 2025 guidance.MRLQ2 202516 Nov 2025
Next MERLIN Properties SOCIMI earnings date
Q1 202614 May, 2026
MERLIN Properties SOCIMI
Next MERLIN Properties SOCIMI earnings date
Q1 202614 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
Explore our global coverage