MERLIN Properties Annual Report 2023

MERLIN Properties | 23 Aggregate gross rents have increased by 6.5% on a like-for-like basis 6.5% Average MERLIN Offices 6.1% Bridge of FY22 gross rents to FY23, for MERLIN and by asset category: LIKE-FOR-LIKE INCREASE (1) Portfolio in operation for FY22 (€ 424.8m of GRI) and for FY23 (€ 452.4m of GRI) (2) Portfolio in operation for FY22 (€ 228.7m of GRI) and for FY23 (€ 242.7m of GRI) (3) Portfolio in operation for FY22 (€ 72.0m of GRI) and for FY23 (€ 75.5m of GRI) (4) Portfolio in operation for FY22 (€ 111.8m of GRI) and for FY23 (€ 120.4m of GRI) Logistics 4.8% Shopping centers 7.7% MERLIN Offices (€m) (€m) Shopping centers (€m) Logistics (€m) LfL (1) +6.5% FY23 Balance acquisitions, disposals & other Like-for-Like growth FY22 LfL (2) +6.1% LfL (3) +4.8% FY23 Balance acquisitions, disposals & other Like-for-Like growth FY22 LfL (4) +7.7% FY23 Balance acquisitions, disposals & other Like-for-Like growth FY22 475.6 (4.8) +27.6 452.8 254.8 (1.9) +14.0 242.7 FY23 Balance acquisitions, disposals & other Like-for-Like growth FY22 80.3 +3.2 +3.5 73.6 125.8 (6.6) 123.8 +8.6