MERLIN Properties Annual Report 2021

20 | Annual Report | 2021 RENTS Gross rents in the period amount to € 505,319 thousand with respect to € 503,448 thousand in FY20 FY21 FY20 YoY Offices 228,560 233,215 (2.0%) Logistics 65,950 58,848 +12.1% Shopping centers 114,894 114,374 +0.5% Net leases 85,631 86,513 (1.0%) Other 10,286 10,498 (2.0%) Total 505,319 503,448 +0.4% Offices 17.7 FY20 18.5 FY21 Logistics FY21 FY20 4.2 FY20 FY21 21.0 21.3 Shopping centers FY20 FY21 22.9 20.5 Net Leases 4.2 AVERAGE PASSING RENT (€/SQM/MONTH) GROSS RENTS BREAKDOWN