Merlin Properties: Iberian REIT Leader With Attractive Portfolio

Alirio Sendrea of Invexcel presented his in-depth investment thesis on Merlin Properties (Spain: MRL) at European Investing Summit 2022.

Thesis summary:

Merlin Properties is a diversified REIT leader in the Iberian market. The company’s quality office, logistics, and shopping center portfolio trades at a deep discount to net asset value.

Merlin is managed by a talented team that has credible plans to deliver value-accretive developments in logistics and data centers over the medium term.

Listen to this session:

slide presentation audio recording

About the instructor:

Alirio Sendrea, CFA is Head of Research at Invexcel, a multi‐family office based in Spain. He is a generalist investor in European Equities with 17-years of experience in Financial Services, Shipping, Information Services, Alcoholic Beverages and Business Services, working with entrepreneurial families and leading global companies.

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