MERLIN Properties SOCIMI, S.A.

Factors to consider:

• Company pays dividends (semi-annually): last record date 2026-05-08, amount 0.02$ (Y0.27%)
• Earnings for 18 months up through Q2 (+1 year) are close to our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2024-12-31 to 2026-12-31

• 2024-12-31 to 2025-12-31 estimated range: [8.66$, 12.08$]
• 2025-12-31 to 2026-12-31 estimated range: [8.03$, 11.41$]

Financial Metrics affecting the MRPRF estimates:

• Positive: with PPE of 16.7 at the end of fiscal year the price was neutral
• Positive: Operating profit margin, % of 75.93 > 33.79
• Positive: 4.90 < Operating cash flow per share per price, % of 5.81
• Positive: 49.86 < Shareholder equity ratio, % of 55.73 <= 58.56
• Positive: 11.51 < Industry operating cash flow per share per price (median), % of 12.41
• Negative: Industry earnings per price (median), % of 0.12 <= 2.08
• Positive: 1.88 < Return on assets ratio (scaled to [-100,100]) of 2.15
• Positive: -7.11 < Investing cash flow per share per price, % of -5.40
• Positive: 14.78 < Industry operating profit margin (median), % of 23.81