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Annual Report 2015
MERLIN shares closed on 31 December 2015
at € 11.55, an increase of 44.2% versus 31
December 2014 closing price. The share has
outperformed in the same period the IBEX-
35 (-7.2%), Euro Stoxx 600 (+6.8%) and the
sectorial EPRA reference index (+15.1%)
Average daily trading volume during the
period has been € 21.5 million. During 2015
the average daily trading volume significantly
increased
6
7
8
9
10
11
12
13
MERLIN Properties
MERLIN Properties
Ibex 35 Stoxx 600 Epra Index
January 2015
April 2015
July 2015
+44.2%
+15.1%
+6.8%
-7.2%
October 2015
MERLIN share price performance vs IBEX 35 / EPRA Index / Euro Stoxx 600
Average daily trading value (€ m)
21.5m
MERLIN
average
34
Q4’15
27
Q3’15
19
Q2’15
11
Q1’15