MRL
🏢 Ismael Clemente, CEO and founder, aligns with shareholders and anticipates real estate trends, like data centers.
📉 The stock is undervalued, trading around 10€, while the asset value is estimated at 14-15€ per share.
📈 The company is well-managed, with high occupancy rates and a focus on high-growth sectors like data centers.
🇪🇸 Strong presence in Spain, which is currently a robust market, adds to the company’s appeal.
@Academiadeinversion:
“With Merlin, in particular, what we see is that the first and most important quality it has is that it has a management team aligned with the shareholders. The CEO of the company is Ismael Clemente, who is one of the founders of the company and has a very important shareholding. What we have always seen within this management, and we have been in Merlin for a long time, is that they have always managed to position themselves a couple of years ahead of the real estate trends. It is true that today, everyone has heard of data centers, but Merlin has been working on this for two or three years, talking about the importance of data centers, starting to get licenses and permits to build them because the returns were very attractive. They have clearly positioned themselves as the main player, almost European, with exposure to data centers in real estate. The market has been penalizing real estate companies due to rising interest rates. Merlin managed to significantly reduce its debt before this rate hike. It is a really well-managed company that has managed to position itself well in investments in suitable assets such as data centers, which are the new growth vector. The assets they currently have are very diversified. If you were to do a valuation, the value of the assets would be around €14-15 per share, and this stock is trading at €10. We are in an inflationary scenario in which these real estate assets are real assets that manage to pass on inflation, even a little more, to end customers. The occupancy levels of their assets are at record levels. It is a very well-managed company with really negative expectations just because interest rates move a few tenths up and down. I believe that people are missing that growth profile that is coming in the future with data centers. The true value of the assets, which are very good assets, is that the stock is trading at 10, and as I said, the value of the assets could be around 14-15, and to that, we should add the growth in data centers in the future.”
Watch the exact part of the YouTube video where Jorge talks about Merlin Properties here:
View the video on YouTube.
Read more articles featuring the most recent analysis of Merlin Properties (MRL) at this link: MRL stock.
