Analysis for Merlin Properties
Description & usage
Merlin Properties is a Spanish REIT focused on office, logistics, and retail assets in core urban markets. It benefits from scalable leasing operations and portfolio quality. Key valuation drivers are occupancy rates, rental growth, refinancing costs, and asset-rotation execution.
Basic info
- Symbol
- MRL.MC
- Type
- Stock
- Region
- Europe
- Sector
- Industrials
- Available history
- 11.1 years
- Last trading day
- 04/02/2026
Basic info
- Symbol
- MRL.MC
- Type
- Stock
- Region
- Europe
- Sector
- Industrials
- Available history
- 11.1 years
- Last trading day
- 04/02/2026
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- EZ HICP
- 2.0%
- ECB Rate
- 4.25%
- Bund 10Y
- 3.03%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core HICP
- 2.3%
- DE 2Y
- 2.62%
- EZ PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- EZ HICP
- 2.0%
- ECB Rate
- 4.25%
- Bund 10Y
- 3.03%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core HICP
- 2.3%
- DE 2Y
- 2.62%
- EZ PMI
- –
Analysis summary
Technical asset picture
Merlin Properties (MRL.MC) currently has a total score of 67 points, placing it in the strong range. The score is made up of Performance (56), Stability (73) and Trend (87). The profile is clearly uneven: Trend stands out while Performance is more neutral.
Performance scores 56 points (neutral). Key strength: 1Y return at 66.7 %. Weaker metric: 10Y return at 49.2 %. This points to a sharper upswing more recently.
Stability scores 73 points (strong). Key strength: return/volatility ratio at 2.96. Main drag: CAGR/drawdown ratio at 0.07. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 87 points (very strong). Key strength: Price is about 6.5 % above SMA50. Even the weakest metric remains solid in absolute terms: SMA200 distance at 13.4 %.
Overall, the profile has a clear strength in Trend, while Performance is the main limiter. On a metric level, return/volatility ratio stands out, while 10Y return lags.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For this asset type, the current backdrop looks mixed rather than clearly directional.
Note: Euro area PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.