MERLIN Properties Annual Report 2022

| 67 Outlook R&D&I activities In the absence of externalities, the three main asset classes (offices, logistics and shopping centers) are expected to maintain occupancy levels, while rents will continue to benefit from rising inflation as leases are indexed to CPI. The Group expects 2023 to be a year of transition following the sale of the BBVA portfolio. In this regard, the Group has provided the market with an estimate of its operating profit for 2023 of €0.58 per share. A complementary dividend, additional to the dividend on account of €0.20 per share distributed in December 2022, will be proposed to the Board of Directors in the following meetings, subject to approval by the AGM and to be paid in May 2023. In relation to R&D&I activities and other innovative initiatives, MERLIN is committed to offering its tenants and users the highest quality comprehensive service, beyond the asset management itself, integrating the most innovative solutions in its assets to maximize the user experience. In line with this philosophy, during the last year MERLIN has continued to focus on improving the quality of life of users in its assets. Thus, it has continued to implement Mayordomo Smart Points, consisting of a system of smart lockers that allow users to conveniently receive packages and the provision of various services that help to achieve a work-life balance. By the end of 2022, 33 MERLIN assets had such points, an increase of 18% compared to 2021. In addition, MERLIN remains committed to LOOM flexible workspaces as a solution to the hybrid work model. During the year, MERLIN has continued to promote numerous technological projects to place MERLIN at the forefront of solutions for its customers and internal management. These include the office building sensorization program, the energy consumption reading project, the photovoltaic self-consumption project and the development of different user experience apps.