MERLIN Properties Annual Report 2022

MERLIN Properties | 23 Aggregate gross rents have increased by 7.3% on a like-for-like basis 7.3% Average MERLIN Offices 6.0% Bridge of FY21 gross rents to FY22, for MERLIN and by asset category: LIKE-FOR-LIKE INCREASE (1) Portfolio in operation for FY21 (€ 397.8m of GRI) and for FY22 (€ 427.0m of GRI) (2) Portfolio in operation for FY21 (€ 209.1m of GRI) and for FY22 (€ 221.6m of GRI) (3) Portfolio in operation for FY21 (€ 63.8m of GRI) and for FY22 (€ 69.3m of GRI) (4) Portfolio in operation for FY21 (€ 114.9m of GRI) and for FY22 (€ 123.6m of GRI) Logistics 8.6% Shopping centers 7.5% MERLIN Offices (€m) (€m) Shopping centers (€m) Logistics (€m) LfL (1) +7.3% 452.8 +3.9 +29.2 419.7 FY22 Balance acquisitions, disposals & other Like-for-Like growth FY21 242.7 +1.6 +12.5 228.6 FY22 Balance acquisitions, disposals & other Like-for-Like growth LfL (2) +6.0% FY21 73.6 +2.2 +5.5 65.9 LfL (3) +8.6% FY22 Balance acquisitions, disposals & other Like-for-Like growth FY21 123.8 +0.2 +8.7 114.9 LfL (4) +7.5% FY22 Balance acquisitions, disposals & other Like-for-Like growth FY21