MERLIN Properties Annual Report 2022

24 | Annual report | 2022 OCCUPANCY Stock G.L.A. of MERLIN as of 31 st December 2022 amounts to 3,182,582 sqm. Stock as of 31 st December 2021 amounted to 3,385,492 sqm, resulting in a net decrease of the stock during the period of 202,909 sqm. Occupancy rate as of 31 st December 2022 is 95.1% (1) (1) MERLIN policy excludes buildings under complete refurbishment. Buildings excluded this period are Plaza Ruiz Picasso, Plaza Ruiz Picasso II, Atica 1, PE Cerro Gamos, PLZFA, PE Atica XIX D and Adequa 4 & 7 (2) Excluding vacant units acquired under refurbishment (2,140 sqm in FY22 and 2,226 sqm in FY21) 31/12/2022 31/12/2021 Change YTD Bps Offices Total G.L.A. (sqm) (1) 1,172,874 1,204,049 G.L.A. occupied (sqm) 1,085,294 1,084,664 Occupancy rate (%) 92.5% 90.1% +245 Logistics Total G.L.A. (sqm) 1,483,786 1,368,078 G.L.A. occupied (sqm) 1,438,789 1,328,048 Occupancy rate (%) 97.0% 97.1% (11) Shopping centers Total G.L.A. (sqm) 461,394 461,474 G.L.A. occupied (sqm) 436,341 432,692 Occupancy rate (%) (2) 95.0% 94.2% +79 Other Total G.L.A. (sqm) 64,527 64,838 G.L.A. occupied (sqm) 62,796 63,107 Occupancy rate (%) 97.3% 97.3% (1) MERLIN Total G.L.A. (sqm) 3,182,582 3,385,492 G.L.A. occupied (sqm) 3,023,220 3,195,564 Occupancy rate (%) (2) 95.1% 94.5% +60