MERLIN Properties Annual Report 2023

| 21 (1) GAV of land under development and NTA of equity method included in its respective category (offices, shopping centers, logistics and Data Centers) (2) Gross annualized rent on fully consolidated assets GROSS YIELD PER ASSET CLASS 5.1% MERLIN Average Other 4.9% Logistics 5.6% Shopping centers 6.1% Data Centers n.a. Offices 4.7% OCCUPANCY AND WAULT (YEARS) PER ASSET CLASS 3.2 MERLIN Average 96.2% MERLIN Average Other 6.6 Logistics 3.1 98.0% 92.5% Offices 3.3 Shopping centers Data Centers 2.3 11.0 n.a. 99.0% 96.2% Business performance GAV PER ASSET CLASS (1) GROSS RENTS PER ASSET CLASS (2) Other Data Centers Logistics Shopping centers O ce 16.9% 18.1% 6.2% 3.0% 55.8% Other Data Centers Logistics Shopping centers O ce 16.9% 26.4% 3.0% 0.1% 53.6% Offices Shopping centers Data centers Logistics Other