Merlin Properties SOCIMI SA MRL

Morningstar Rating

Concerns Regarding CoreWeave Exposure and Royal Decree Overly Discounted for Merlin

Business Strategy and Outlook

Merlin Properties is aggressively scaling its data center portfolio to be the primary revenue driver; data centers are forecast to account for 65% of gross rental income by 2032. This strategy leverages Iberia’s relative advantages over legacy European hubs: land and energy abundance and subsea cable connectivity. Meanwhile, the group maintains its position in traditional asset classes (offices, logistics, and shopping centers).

Sponsor Center