MERLIN Properties Annual Report 2024

MERLIN Properties | 19 Aggregate gross rents have increased by 3.4% on a like-for-like basis Bridge of FY23 gross rents to FY24, for MERLIN and by asset category: LIKE-FOR-LIKE INCREASE (1) Portfolio in operation for FY23 (€ 453.5m of GRI) and for FY24 (€ 468.8m of GRI) (2) Portfolio in operation for FY23 (€ 253.4m of GRI) and for FY24 (€ 263.2m of GRI) (3) Portfolio in operation for FY23 (€ 76.7m of GRI) and for FY24 (€ 78.9m of GRI) (4) Portfolio in operation for FY23 (€ 123.3m of GRI) and for FY24 (€ 126.6m of GRI) LfL (1) FY24 Balance acquisitions, disposals & other Like-for-Like growth FY23 LfL (2) +3.9% 287.7 +9.9 +9.8 268.0 FY24 Balance acquisitions, disposals & other Like-for-Like growth FY23 +2.7% 126.8 (2.7) +3.3 126.3 FY24 Balance acquisitions, disposals & other Like-for-Like growth FY23 LfL (4) +2.8% 83.7 +1.2 +2.2 80.3 FY24 Balance acquisitions, disposals & other Like-for-Like growth FY23 LfL (3) MERLIN Offices (€m) (€m) Shopping centers (€m) Logistics (€m) +3.4% 500.4 +9.5 +15.3 475.6 3.4% MERLIN Average 2.7% 2.8% 3.9% Shopping centers Logistics Offices