Merlin Properties SOCIMI SA (MRL) - Total Assets
Based on the latest financial reports, Merlin Properties SOCIMI SA (MRL) holds total assets worth €13.96 Billion EUR (≈ $16.32 Billion USD) as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore Merlin Properties SOCIMI SA (MRL) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Merlin Properties SOCIMI SA - Total Assets Trend (2021–2025)
This chart illustrates how Merlin Properties SOCIMI SA's total assets have evolved over time, based on quarterly financial data. See MRL net assets for net asset value and shareholders' equity analysis.
Merlin Properties SOCIMI SA - Asset Composition Analysis
Current Asset Composition (December 2025)
Merlin Properties SOCIMI SA's total assets of €13.96 Billion consist of 9.7% current assets and 90.3% non-current assets.
| Asset Category | Amount (EUR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | €0.00 | 8.5% |
| Accounts Receivable | €48.44 Million | 0.3% |
| Inventory | €55.63 Million | 0.4% |
| Property, Plant & Equipment | €0.00 | 0.0% |
| Intangible Assets | €4.49 Million | 0.0% |
| Goodwill | €0.00 | 0.0% |
Asset Composition Trend (2021–2025)
This chart illustrates how Merlin Properties SOCIMI SA's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see market cap of Merlin Properties SOCIMI SA.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Merlin Properties SOCIMI SA's current assets represent 9.7% of total assets in 2025, an increase from 7.3% in 2021.
- Cash Position: Cash and equivalents constituted 8.5% of total assets in 2025, up from 6.0% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is inventory at 0.4% of total assets.
Merlin Properties SOCIMI SA Competitors by Total Assets
Key competitors of Merlin Properties SOCIMI SA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
SL Green Realty Corp
NYSE:SLG
|
USA | $11.08 Billion |
|
Allied Properties Real Estate Investment Trust
TO:AP-UN
|
Canada | CA$9.02 Billion |
|
alstria office REIT-AG
XETRA:AOX
|
Germany | €4.47 Billion |
|
Hanwha REIT Co. Ltd.
KO:451800
|
Korea | ₩1.54 Trillion |
|
Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust
BK:TPRIME
|
Thailand | ฿9.16 Billion |
|
Empire State Realty OP LP ES
NYSE:ESBA
|
USA | $4.41 Billion |
|
Dexus
AU:DXS
|
Australia | AU$15.31 Billion |
|
Growthpoint Properties Australia
AU:GOZ
|
Australia | AU$4.47 Billion |
Merlin Properties SOCIMI SA - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 5.52 | 2.23 | 2.23 |
| Quick Ratio | 5.52 | 2.23 | 2.23 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | €1.26 Billion | €1.01 Billion | €1.01 Billion |
Merlin Properties SOCIMI SA - Advanced Valuation Insights
This section examines the relationship between Merlin Properties SOCIMI SA's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.03 |
| Latest Market Cap to Assets Ratio | 0.59 |
| Asset Growth Rate (YoY) | 6.0% |
| Total Assets | €14.27 Billion |
| Market Capitalization | $8.35 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Merlin Properties SOCIMI SA's assets below their book value (0.59x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Merlin Properties SOCIMI SA's assets grew by 6.0% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Merlin Properties SOCIMI SA (2021–2025)
The table below shows the annual total assets of Merlin Properties SOCIMI SA from 2021 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | €14.27 Billion ≈ $16.68 Billion |
+6.01% |
| 2024-12-31 | €13.46 Billion ≈ $15.74 Billion |
+11.55% |
| 2023-12-31 | €12.07 Billion ≈ $14.11 Billion |
+0.12% |
| 2022-12-31 | €12.05 Billion ≈ $14.09 Billion |
-15.56% |
| 2021-12-31 | €14.27 Billion ≈ $16.69 Billion |
-- |
About Merlin Properties SOCIMI SA
MERLIN Properties SOCIMI, S.A. (MC:MRL) is the largest real estate and infrastructure company trading on the Spanish Stock Exchange. Specialized in the development, acquisition and management of commercial property in the lberian region. MERLIN Properties mainly invests in offices, shopping centers, logistics facilities and data centers, within the Core and Core Plus segments, forming part of the… Read more