Merlin Properties Reports Strong 9M24 Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 16 2024
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Source: Business Insider
Q3 Earnings Report: Merlin Properties reported a 5.0% increase in total revenues to €383.6 million and a significant rise in net earnings to €225.4 million for the first nine months of 2024, driven by growth in its data centers and logistics sectors.
Future Outlook: The company is optimistic about expanding its asset base and has successfully executed a €921 million capital increase to fund new developments, while also receiving a debt rating upgrade from Moody’s to Baa1.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
