MERLIN Properties Annual Report 2018 / English

ı 25 ı Annual Report 20 18 Gross rents have increased by 3.1% on a like-for-like basis. Per asset category the like-for-like evolution is shown below: 3.1% Average MERLIN Offices 1.2% Shopping centers 4.1% Logistics 6.3% High Street Retail 4.0% Other 12.4% LIKE-FOR-LIKE INCREASE Bridge of FY17 gross rents to FY18, for MERLIN and by asset category: FY 2018 224.4 Balance acquisitions, disposals, other +4.4 Like-for-Like growth +2.5 LfL (2) +1.2% FY 2017 217.5 (+5.3% if Huawei and Renault are excluded) 103.6 FY 2018 Balance acquisitions, disposals, other 7.1 +3.7 Like-for-Like growth LfL (3) +4.1% FY 2017 92.8 FY 2018 50.3 Balance acquisitions, disposals, other 6.8 Like-for-Like growth +2.2 LfL (4) +6.3% FY 2017 41.3 FY 2018 499.7 Balance acquisitions, disposals, other +16.7 Like-for-Like growth +13.6 LfL (1) +3.1% FY 2017 469.4 MERLIN Offices Logistics Shopping centers (€m) (€m) (€m) (€m) (1) Portfolio in operation for FY17 (€443.4m of GRI) and for FY18 (€ 457.0m of GRI) (2) Office portfolio in operation for FY17 (€ 215.8m of GRI) and for FY18 (€ 218.3m of GRI) (3) Shopping centers portfolio in operation for FY17 (€ 89.2m of GRI) and for FY18 (€ 92.9m of GRI) (4) Logistics portfolio in operation for FY17 (€ 35.1m of GRI) and for FY18 (€ 37.3m of GRI)