MERLIN Properties Annual Report 2021

MERLIN Properties | 21 Aggregate gross rents have increased by 0.2% on a like-for-like basis 0.2% Average MERLIN Offices (1.2%) Net leases (0.2%) Bridge of FY20 gross rents to FY21, for MERLIN and by asset category: LIKE-FOR-LIKE INCREASE MERLIN Offices (€m) (€m) (1) Portfolio in operation for FY20 (€ 481.4m of GRI) and for FY21 (€ 482.1m of GRI) (2) Portfolio in operation for FY20 (€ 218.1m of GRI) and for FY21 (€ 215.4m of GRI) (3) Portfolio in operation for FY20 (€ 55.0m of GRI) and for FY21 (€ 55.9m of GRI) (4) Portfolio in operation for FY20 (€ 112.0m of GRI) and for FY21 (€ 114.9m of GRI) 505.3 + 1.2 +0.7 LfL (1) +0.2% 503.4 FY21 FY20 Balance acquisitions, disposals & other Like-for-Like growth Shopping centers (€m) 114.9 (2.4) +2.9 114.4 FY21 FY20 Balance acquisitions, disposals & other Like-for-Like growth LfL (4) 2.6% 228.6 (1.9) (2.7) 233.2 FY21 FY20 Balance acquisitions, disposals & other Like-for-Like growth LfL (2) (1.2%) Logistics 1.6% Shopping centers 2.6% Logistics (€m) 65.9 +6.2 +0.9 58.8 FY21 FY20 Balance acquisitions, disposals & other Like-for-Like growth LfL (3) +1.6%