MCE - Delayed Quote EUR

MERLIN Properties SOCIMI, S.A. (MRL.MC)

10.76

-0.14

(-1.28%)

As of 3:34:02 PM GMT+1. Market Open.

Merlin Properties SOCIMI SA (MRPRF) Q3 2024 Earnings Call Highlights: Strong FFO Growth Amidst ...

Merlin Properties SOCIMI SA (MRPRF) reports robust financial performance with a 7% FFO increase, while navigating potential regulatory changes.

GuruFocus.com 2 months ago

MRL.MC
-1.28%
Spain's Merlin Properties bets on AI boom to drive revenue growth

Spanish real estate group Merlin Properties expects its fledgling data centre business to account for about 40% of its revenue by 2030 as it taps into a boom in artificial intelligence, CEO Ismael Clemente told Reuters. Data centres made up less than 1% of Merlin's revenue in the first half of this year, which mainly came from offices, shopping malls and logistics. But Clemente estimated that its data centre division would bring in around 394 million euros ($437.42 million) in gross rents, or about 40% of the total, by the end of the decade.

Reuters 3 months ago

MRL.MC
-1.28%

Performance Overview

Return	MRL.MC	IBEX 35...
YTD	+6.53%	+3.31%
1-Year	+17.58%	+19.25%
3-Year	+33.35%	+35.33%