MERLIN Properties Annual Report 2020 / English

20 | Annual Report | 2020 RENTS Gross rents in the period amount to € 503,448 thousand with respect to € 525,918 thousand in FY19. FY20 FY19 YoY Offices 233,215 243,431 (4.2%) Logistics 58,848 53,796 +9.4% Shopping centers 114,374 127,300 (10.2%) Net leases 86,513 86,962 (0.5%) Other 10,498 14,429 (27.2%) Total 503,448 525,918 (4.3%) GROSS RENTS BREAKDOWN Offices 17.7 17.5 FY19 FY20 FY19 FY20 21.3 21.4 Shopping centers FY19 FY20 20.5 19.9 Net Leases Logistics FY19 FY20 4.2 4.2 AVERAGE PASSING RENT (€/SQM/MONTH)