General presentation of Merlin Properties
It is obvious that a good knowledge of Merlin Properties is essential if you want to speculate on this stock with a good basis. That is why we are now offering you a detailed presentation of this group with data on its activities and its main sources of income.
The Merlin Properties group SOCIMI SA is a Spanish company specialised in real estate investment. Specifically, it is a SIIC or a Real Estate Investment Company listed on the Stock Exchange. As such, it buys, actively manages, invests in and selectively rotates commercial property assets in Spain and Portugal. However, it is mainly in Spain that the group generates its revenues, with almost 91% of its rents collected at national level. Portugal generates only 9% of rental income.
To better understand the activities of the Merlin Properties group, it is possible to break them down into different types of assets according to the share of income they generate and in this way:
- Rental income from offices represents 46.5% of the group's total rental income.
- Revenues from shopping centres represent 23.8% of total revenues.
- Next comes net rental income, which represents 16.9% of total rental income.
- The logistics sites generate 10.1% of the group's rental income.
- Finally, the remaining 2.8% of the revenue comes from ancillary rental activities.
Currently, or in 2020, Merlin Properties' portfolio of assets is worth €12.2 billion and generates over €500 million in rental income each year.
It is also important to mention that the company aims to remunerate its shareholders through a combination of an annual dividend distribution and the valuation of the company's EPRA NAV.