Merlin Properties: Crudely Around 20% NAV Upside Before Tax Considerations
Source: SeekingAlpha
2025-05-22 12:18:23 ET
Summary
- Data centers are expected to deliver meaningful rent and GAV growth, with Phase I and II developments set to significantly increase their portfolio share by 2030.
- There is a 20% upside on the GAV discount, but it's not fantastic on its own. More broadly attractive is the likely cost of capital beating returns on development investments.
- Much of the new data center capacity is already pre-let, supporting confidence in future topline growth as these assets come online and start generating rents.
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Merlin Properties: Crudely Around 20% NAV Upside Before Tax Considerations
Merlin Properties Socimi SA
NASDAQ: MRPRF
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