MRPRF - Merlin Properties: The Spanish REIT With Good Performance And Upside

2024-07-09 02:37:06 ET

Summary

• Merlin Properties has seen a good rate of return in the stock market, although it has not outperformed the market.
• The company has a diverse real estate investment portfolio with high occupancy rates and solid financial fundamentals.
• Merlin Properties is focusing on expanding its data center operations to drive future growth and remains a solid investment option despite approaching fair valuation.

Dear readers/followers,

In this article, I mean to take a look at Merlin Properties ( OTCPK:MRPRF ) after 16 months of silence on the stock. This remains a relatively small position in my portfolio (unfortunately), but since I wrote about Merlin properties last, I have seen a good rate of return for the stock, even if it has not exactly - as of yet - outperformed the market. Merlin Properties is one of the largest REITs in all of Europe. The company's shares are found in Spain.

The company has an appealing blend of real estate investments coupled with an attractive development/investment pipeline, and I invested with the thesis that this mix will, over time, see outperformance mixed with an excellent yield....

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