The Share
The share and share capital
As of 31 December 2020, the share capital of MERLIN Properties SOCIMI, S.A. amounted to € 469,770,750, represented by 469,770,750 fully subscribed and paid shares with a nominal value of 1 euro each, all of which are of the same class and confer the holders thereof the same rights. All the shares are quoted on the four national stock exchanges: Madrid, Barcelona, Bilbao, Valencia and Lisbon. The Company’s Reuters and Bloomberg code is MRL.MC and MRL:SM, respectively.
Share capital evolution
| Date | Transaction | # shares after transaction |
| 25 March 2014 | Incorporation | 60.000 |
| 30 June 2014 | Capital increase | 125.000.000 |
| 14 July2014 | Capital increase | 4.152.001 |
| 8 May 2015 | Capital increase | 64.605.999 |
| 7 August 2015 | Capital increase | 129.212.000 |
| 28 October 2016 | Capital increase | 146.740.750 |
| Current number of shares | 469.770.750 |
Main Shareholders and BoD Members
Treasury Stock
The treasury stock situation as of 31 December 2020 is described below:
| Directs | Indirects | |
| Shares | 4,836,503 | – |
| % | 1.0295% | – |
The last communication provided and reported by CNMV is dated as of 20 November 2018, in accordance to the RD 1366/2007.
Dividends
| Type | Payment date |
Ex dividend date |
Record date |
Concept | Gross amount per share |
| Final 2021 | May 27 2022 | May 16 2022 | May 17 2022 | Dividend | 0.022669335 |
| Final 2021 | May 27 2022 | May 16 2022 | May 17 2022 | Share premium distribution | 0.22745 |
| On account 2021 | December 3 2021 | November 19 2021 | November 22 2021 | Dividend | 0.15 |
| Final 2020 | May 19 2021 | May 6 2021 | May 7 2021 | Share premium distribution | 0.30 |
| Final 2019 | July 8 2020 | June 25 2020 | June 26 2020 | Dividend | 0.14741659 |
| On account 2019 | October 28 2019 | October 18 2019 | October 21 2019 | Dividend | 0.20 |
| Final 2018 | May 7 2019 | April 29 2019 | April 30 2019 | Dividend | 0.20270039 |
| Final 2018 | May 7 2019 | April 29 2019 | April 30 2019 | Share premium distribution | 0.09729961 |
| On account 2018 | October 25 2018 | October 17 2018 | October 18 2018 | Dividend | 0.20 |
| Final 2017 | May 25 2018 | May 16 2018 | May 17 2018 | Dividend | 0.02053654 |
| Final 2017 | May 25 2018 | May 16 2018 | May 17 2018 | Share premium distribution | 0.23946346 |
| On account 2017 | October 25 2017 | October 17 2017 | October 18 2017 | Dividend | 0.20 |
| Final 2016 | May 18 2017 | April 25 2017 | April 26 2017 | Dividend | 0.10071014 |
| Final 2016 | May 18 2017 | April 25 2017 | April 26 2017 | Share premium distribution | 0.09928767 |
| On account 2016 | October 25 2016 | October 18 2016 | October 19 2016 | Dividend | 0.185 |
| On account 2016 | October 25 2016 | September 13 2016 | September 15 2016 | Share premium distribution | 0.02 |
| Final 2015 | April 27 2016 | April 7 2016 | April 6 2016 | Dividend | 0.005692 |
| Final 2015 | April 27 2016 | April 7 2016 | April 6 2016 | Share premium distribution | 0.102608 |
| On account 2015 | October 28 2015 | October 15 2015 | October 14 2015 | Dividend | 0.0775 |
Share price
Analysts Recommendations
| Broker | Report date | Recommendation | Target Price |
| Barclays | 16/05/2022 | Buy | 11.60 |
| Kepler Cheuvreux | 27/04/2022 | Buy | 12.70 |
| Bank of America | 26/04/2022 | Neutral | 11.80 |
| Exane BNP Paribas | 26/04/2022 | Buy | 13.00 |
| Renta 4 | 22/04/2022 | Buy | 13.10 |
| JB Capital Markets | 22/04/2022 | Buy | 13.50 |
| Intermoney | 22/04/2022 | Buy | 13.00 |
| Oddo BHF | 04/04/2022 | Buy | 12.60 |
| Goldman Sachs | 31/03/2022 | Sell | 8.90 |
| GVC Gaesco | 14/03/2022 | Buy | 13.33 |
| Morgan Stanley | 02/03/2022 | Buy | 12.00 |
| JP Morgan | 24/02/2022 | Buy | 12.75 |
| UBS | 07/02/2022 | Buy | 11.50 |
| Kempen & Co | 24/01/2022 | Buy | 11.50 |
| BPI | 24/01/2022 | Buy | 11.60 |
| Bankinter | 20/12/2021 | Sell | 10.00 |
| Société Générale | 22/11/2021 | Buy | 11.90 |
| Alantra | 15/11/2021 | Buy | 12.20 |
| Bestinver | 21/09/2021 | Buy | 11.30 |
| Citi | 24/06/2021 | Sell | 6.80 |
| Sabadell | 16/06/2021 | Buy | 11.33 |
| Santander | 11/06/2020 | Buy | 9.60 |
| Green Street Advisors | Not Publicly Disclosed | Not Publicly Disclosed | Not Publicly Disclosed |
