MERLIN Properties Annual Report 2024

MERLIN Properties | 23 Key metrics within the Offices division are included in the tables below Gross Rents FY24 (€ m) Passing rent (€/sqm/m) Wault (yr) Madrid 202.9 21.5 3.4 Barcelona 49.2 21.7 3.4 Lisbon 33.2 22.5 4.6 Other 2.4 11.9 5.5 Total 287.7 21.5 3.6 (1) MERLIN policy excludes buildings under complete refurbishment. Buildings excluded this period are Liberdade 195, Alfonso XI, Plaza Ruiz Picasso extension, Torre Lisboa, PE Cerro Gamos 2, 3 & 5 and Josefa Valcarcel 48 Occupancy rate (1) FY24 FY23 Change bps Madrid 93.4% 91.5% 194 Barcelona 91.8% 93.2% (135) Lisbon 99.4% 99.9% (43) Other 100.0% 100.0% - Total 93.7% 92.8% 97 LTM sqm Contracted Out In Renewals Net Release spread # Contracts Madrid 135,730 (32,270) 72,718 63,012 40,448 +1.9% 83 Barcelona 27,999 (8,166) 8,776 19,223 610 +2.7% 28 Lisbon 16,318 (2,975) 9,273 7,045 6,298 +4.4% 8 Total 180,047 (43,411) 90,767 89,280 47,356 +2.3% 119