MERLIN reported revenue and EBITDA growth of 11.7%
The growth was driven by the Data Centers division, with 160 MW leased and progress on the MEGA Plan. Offices, logistics, and shopping centers also improved.
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Iberian listed commercial real estate owner and manager
merlinproperties.comLast updated
In short: MERLIN reported a significant profit increase and high occupancy rates while expanding its data center division and capital base.
The growth was driven by the Data Centers division, with 160 MW leased and progress on the MEGA Plan. Offices, logistics, and shopping centers also improved.
The Zaragoza-WIND project will invest 1.225 million euros in Botorrita, achieving 87% native renewable self-consumption.
Strong operational performance and high occupancy in data centers, offices, logistics and shopping centers.
EBITDA rose 11.4% to €113.6 million and FFO reached €87.4 million.
Morgan Stanley raises its valuation of Merlin after the results; the stock corrects, but analysts maintain a favorable tone.
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