Merlin Properties SOCIMI SA (XMAD:MRL)
€ 10.82 -0.42 (-3.74%) Market Cap: 5.07 Bil Enterprise Value: 9.13 Bil PE Ratio: 0 PB Ratio: 0.78 GF Score: 72/100
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Q3 2023 MERLIN Properties SOCIMI SA Earnings Call Transcript

Nov 17, 2023 / 02:00PM GMT
Release Date Price: €8.96 (+3.05%)
Operator

Good afternoon, ladies and gentlemen. Thank you for joining 9 months '23 (inaudible) update conference call. As we always do on quarterly results, our CEO, Ismael Clemente will provide you with the main highlights of the period and will thereafter open the lines for Q&A. (Operator Instructions)

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, Ines. Good afternoon, everyone. Well, we are here today to report on another solid set of results of MERLIN Properties in up to the third quarter of 2023. Many of you might remember that during the full year results presentation 2022, we commented that our expectation for the year was a relatively strong first half on significant inertia from the positive 2022 and a slightly softer second half. Probably what we didn't have the opportunity to comment was the order of magnitude of that predicted softening which has clearly been lower in impact than we expected.

While in 2022 as of today,

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