MERLIN Properties Annual Report 2021

MERLIN Properties | 23 LEASING ACTIVITY Since the beginning of 2021, or since the acquisition date for the assets acquired during the year, until 31 st December 2021, MERLIN has signed lease agreements amounting to 552,828 sqm, out of which 398,364 sqm corresponds to new leases and 154,464 sqm to renewals TENANTS MERLIN enjoys a high quality tenant base, broadly diversified. Top 10 tenants represent a 17.8% of the gross annualized rents (plus a additional 15.9% from BBVA), while top 20 tenants represent a 26.5% of gross annualized rents (excluding BBVA) Tenant Years as tenant BBVA 13 Endesa 19 Inditex 31 Tecnicas Reunidas 16 Comunidad de Madrid 17 PWC 12 Indra 20 BPI 1 FNAC 25 Hotusa 21 In Renewals Out Net 122,965 145,974 (102,203) 20,762 1,621 33,600 (26,947) 6,653 Shopping centers 6,869 241,799 (78,067) 163,732 Logistics Offices GRI 15.9% T o p - 2 0 t e n a n t s GRI 26.5% GRI 17.8% T o p - 1 0 t e n a n t s