Merlin Properties stock: 3M25 gross rents reached EUR 132.50 million

Merlin Properties reported higher first-quarter 2025 rents and EBITDA in a company release dated May 13, 2025. Occupancy remained stable at 96.7%.

Merlin Properties reported total revenue of EUR 138.0 million for the first quarter of 2025, including gross rents of EUR 132.5 million. The company published the results on May 13, 2025.

Operating performance

Gross rents increased 6.7% from the same period a year earlier, while EBITDA rose 8.9% to EUR 102.0 million. Funds from operations reached EUR 84.2 million, up 16.9% year over year, according to the company release.

Portfolio and data centers

Occupancy stood at 96.7%. Merlin Properties said like-for-like rental growth was 2.7% and reported 45.2 megawatts of data-center capacity that was let or pre-let. The release also described plans to expand its data-center footprint in Madrid.