Merlin Posts Solid Results in First Semester of 2019

3 August 2019

Merlin Properties announced an operating profit of €157.2 million in the first semester of 2019, an increase of 11.6%, along with net profits of 262 million euros. The socimi had revenues of €265.2 million, an increase of 7.3%, while Ebitda reached €210.4 million, an increase of 7.4%.

Receipts from Merlin’s office business increased by 8.3% due to a rise in employment and renovations carried out by the firm on its properties. Merlin also leased a total of 8,487 m2 in the Torre Chamartín, bringing occupancy to 83%.

The socimi’s shopping centre revenues rose by 3.9%, as the total occupancy rate grew to 92.6%. Income from logistics assets rose by 6.2%, as occupancy held steady at 95.7%.

Original Story: Cinco Dias – Manu Granda

Adaptation/Translation: Richard D. K. Turner

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