MERLIN Properties Annual Report 2023

24 | Annual report | 2023 OCCUPANCY Stock G.L.A. of MERLIN as of 31 st December 2023 amounts to 3,174,875 sqm. Stock as of 31 st December 2022 amounted to 3,182,582 sqm, resulting in a net decrease of the stock during the period of 7,707 sqm. Occupancy rate as of 31 st December 2023 is 96.2% (1)(2) (1) Excluding buildings under complete refurbishment. Buildings excluded this period are Plaza Ruiz Picasso, Plaza Ruiz Picasso II, Atica 1, Cerro de los Gamos (II, III & V), Josefa Valcarcel 48 and PLZFA (2) Excluding vacant units acquired under refurbishment (25,142 sqm in FY23 and 2,140 sqm in FY22) (3) Data Centers occupancy is measured in terms of IT capacity, not GLA. As of 31 st December 2023, 9 MW of IT Capacity have been furnished in the assets, out of a maximum design capacity of 60 MW 31/12/2023 31/12/2022 Change YTD Bps Offices Total G.L.A. (sqm) (1) 1,157,332 1,172,874 G.L.A. occupied (sqm) 1,070,053 1,085,294 Occupancy rate (%) 92.5% 92.5% (7) Logistics Total G.L.A. (sqm) 1,463,379 1,483,786 G.L.A. occupied (sqm) 1,448,373 1,438,789 Occupancy rate (%) 99.0% 97.0% +201 Shopping centers Total G.L.A. (sqm) 431,349 461,394 G.L.A. occupied (sqm) 390,886 436,341 Occupancy rate (%) (2) 96.2% 95.0% +122 Data Centers Total G.L.A. (sqm) 62,239 - G.L.A. occupied (sqm) (3) n.a. n.a. Occupancy rate (%) n.a. n.a. n.m. Other Total G.L.A. (sqm) 60,577 64,527 G.L.A. occupied (sqm) 59,392 62,796 Occupancy rate (%) 98.0% 97.3% +72 MERLIN Total G.L.A. (sqm) 3,174,876 3,182,582 G.L.A. occupied (sqm) 2,968,703 3,023,220 Occupancy rate (%) (2) 96.2% 95.1% +110