MERLIN Properties Annual Report 2024

MERLIN Properties | 25 Occupancy rate FY24 FY23 Change bps Madrid 99.7% 98.6% +109 Barcelona 95.8% 98.6% (288) Other 100.0% 100.0% - Total 99.4% 99.0% +44 LTM sqm Contracted Out In Renewals Net Release spread # Contracts Madrid 69,186 (5,560) 63,374 5,812 57,814 - 2 Barcelona 10,645 (12,421) 8,614 2,031 (3,807) +5.0% 1 Other 24,778 (24,778) 24,778 - - - - Total 104,609 (42,759) 96,766 7,843 54,007 +1.4% 3 Gross Rents FY24 (€ m) Passing rent (€/sqm/m) Wault (yr) Madrid 55.4 4.5 3.5 Barcelona 11.9 7.7 2.2 Other 16.4 4.9 2.2 Total 83.7 4.8 3.0 Key metrics within the Logistics division are included in the tables below