Ismael Clemente
Chief Executive Officer
Replay available
Merlin Pptys Socimi Ord (MRPRF) Q3 2025 Earnings Call
Merlin Pptys Socimi Ord (OTC: MRPRF) Q3 2025 earnings conference call, held 2025-11-14. Replay captured from the company's public earnings webcast.
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Replay transcript excerpt
WEBVTT 00:00:01.178 -- 00:00:06.103 Good evening, everyone. Thank you for joining Merlin's 9M25 Trading Update. 00:00:06.103 -- 00:00:11.247 As we always do on Quality Results, our CEO, Ismael Clemente, will briefly 00:00:11.247 -- 00:00:15.571 walk you through the main highlights of the period, and we will then open the line for 00:00:15.571 -- 00:00:20.756 Q&A. For those of you who want to raise questions, please press star, followed by number 00:00:20.756 -- 00:00:24.960 five. With no further delay, I pass the floor to Ismael. 00:00:24.960 -- 00:00:27.220 Thank you. 00:00:29.364 -- 00:00:30.946 Thank you, Ines. 00:00:30.946 -- 00:00:35.991 Welcome to the nine-month 2025 results presentation by Merlin 00:00:35.991 -- 00:00:37.472 Properties. 00:00:37.472 -- 00:00:40.135 The quarter 00:00:40.135 -- 00:00:45.099 from 30th of June to 30th of September has been 00:00:45.099 -- 00:00:50.104 pretty productive for the company. The company has performed like a Swiss clock, 00:00:50.104 -- 00:00:53.187 particularly in the traditional asset classes. 00:00:53.187 -- 00:00:58.890 The evolution of gross rents like for like has been plus 3.4%. 00:00:58.975 -- 00:01:01.858 with relatively neutral variation in occupancy. 00:01:01.858 -- 00:01:05.602 In fact, we have lost approximately 10 basis points. 00:01:05.602 -- 00:01:07.224 6.4% 00:01:07.224 -- 00:01:12.770 FFO per share year-on-year as a result of a better contribution to 00:01:12.770 -- 00:01:17.813 the margins of the data center division, and a 5.7% 00:01:17.815 -- 00:01:23.562 increase in the MTA per share year-on-year, which together with the dividend takes 00:01:23.562 -- 00:01:27.089 the theoretical PSR to plus 8.4% 00:01:27.089 -- 00:01:28.571 in 00:01:28.571 -- 00:01:34.120 the period. The activity in offices, 00:01...