Merlin Properties SOCIMI SA (WBO:MERL)
€ 10.32 0.19 (1.88%) Market Cap: 5.78 Bil Enterprise Value: 9.20 Bil PE Ratio: 44.15 PB Ratio: 0.77 GF Score: 71/100
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Q3 2021 MERLIN Properties SOCIMI SA Earnings Call Transcript

Nov 12, 2021 / 02:00PM GMT
Release Date Price: €9.75 (+1.84%)
Operator

We remind you that we will not be using additional materials in today's call other than the executive summary that we published last night. Our CEO, Ismael Clemente, will walk you through the main highlights and then we will open the line for Q&A. Miguel Ollero, our COO, is also here with us for any questions that you may have. With no further delay, I pass the floor to Ismael. Thank you.

Ismael Clemente Orrego
MERLIN Properties SOCIMI, S.A. - Executive Vice-Chairman & CEO

Thank you, Jimenez. Good afternoon, everyone.

Operationally, the quarter has been a relatively short one given August, but the outcome has been very positive overall. And we also have good visibility on the fourth quarter and year 2022. The top line of the company is clearly improving, following COVID. Of course, we have a dragging effect of the first half that will only flatten a little bit towards year-end. But in this quarter, we are printing a negative like-for-like rental growth of minus 1.2%, recovering 1 point from the situation in June.

Our revenue figures

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