Merlin Properties rises after H1 earnings beat, guidance upgrade

MERLIN Properties SOCIMI

31/07/2025 08:32

** Shares in Merlin Properties MRL.MC rise around 4% after the Spanish real estate group posted its H1 results above consensus and upgraded its guidance

** Results are good and H1 EBITDA came 6% above consensus, Sabadell says

** Jefferies notes that like-for-like asset values went up 3.2% compared to end-2024, driven by a strong +38.2% increase in Data Centers division

** "The Group raised its 2025 FFOps guidance by +3.7% to 0.56 euros (vs. 'around 0.54 euros')," the brokerage says, adding that data centre expansion is on track

** The stock is on track for its best days since April

 (Reporting by Javi West Larrañaga)

 ((javier.west@thomsonreuters.com; +34 918 35 61 12))