MERLIN Properties Annual Report 2017 / English

ı 56 ı The evolution of EPRA metrics from 31 December 2014 has been the following: EPRA Yields 31/12/14 31/12/15 31/12/16 31/12/17 5.93% 5.01% 4.61% 4.22% 5.86% 4.96% 4.51% 4.09% EPRA net initial yield EPRA topped-up yield EPRA vacancy/costs EPRA costs EPRA vacancy 3.4% 5.4% 7.4% 12.0% 14.3% 19.5% 9.8% 16.9% 31/12/14 31/12/15 31/12/16 31/12/17 31/12/14 31/12/15 31/12/16 31/12/17 EPRA NAV/share 10.49 9.85 11.23 13.25