Merlin hires Javier Echave. Merlin Properties stock sits 24.43 percent below its high

Published on 10/09/2026 at 12:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue hit EUR 308.00 million, up 11.70 percent year over year. Merlin Properties stock was EUR 12.03 on October 9, 2026 versus EUR 12.14.

Key points in brief

Merlin Properties appointed Javier Echave as chief financial officer on September 16, 2026.
First-half 2026 revenue reached EUR 308.00 million, up 11.70 percent year over year.
Merlin Properties stock was EUR 12.03 at Lang & Schwarz on October 9, 2026, down 0.91 percent versus the prior close.
The company raised its 2026 FFO outlook to EUR 340.00 million, while data centers reached 160 MW leased or pre-leased capacity.

Merlin Properties, ES0105025003, Illustration mit AI erstellt.

Merlin Properties (ISIN ES0105025003) was trading at EUR 12.03 at Lang & Schwarz on October 9, 2026 at 12:35 p.m. CEST, putting the stock 24.43 percent below its 52-week high of EUR 15.92. The latest corporate move came on September 16, 2026, when EjePrime reported that Javier Echave would become Merlin Properties' chief financial officer in October.

Three milestones shape the story

On July 28, 2026, Merlin Properties reported first-half recurring profit of EUR 180.00 million, up 8.00 percent year over year, while its asset portfolio exceeded EUR 13.50 billion, according to EjePrime.

On September 10, 2026, chief executive Ismael Clemente bought 10,000 shares for EUR 129,900 at EUR 12.99 per share, as reported by Observatorio Inmobiliario.

On September 16, 2026, the CFO appointment added a management change to the results picture. The same EjePrime report said first-half revenue reached EUR 308.00 million, up 11.70 percent, while net income rose 13.00 percent to EUR 579.00 million.

What does the data center plan add?

Data centers are the main growth lever in the current operating profile. By June 2026, Merlin had 160 MW of capacity leased or pre-leased and had lifted its full-year FFO outlook to EUR 340.00 million, or EUR 0.55 per share, according to Observatorio Inmobiliario. The increase in recurring profit and the higher FFO outlook provide a quantified counterweight to the stock's decline from its June high.

Dates investors can track

Echave is scheduled to assume the CFO role in October 2026, while the next quarterly reporting date is listed as November 12, 2026, on MyPortfolio. Those dates put management execution and the next operating update ahead of the next major company-specific checkpoint.

Stock remains below its yearly high

Merlin Properties was trading at EUR 12.03 at Lang & Schwarz on October 9, 2026 at 12:35 p.m. CEST, down 0.91 percent versus the Lang & Schwarz prior close of EUR 12.14 on October 8, 2026. Its 52-week range was EUR 11.72 to EUR 15.92, leaving the price 24.43 percent below the high.

The further course of trading is shown by the continuously updated real-time quote of Merlin Properties stock.