MERLIN Properties Annual Report 2024

MERLIN Properties | 27 The chart of lease contracts maturity (next break) shows a balanced profile. In aggregated terms, in the following three years, the gross rents that have a break option amount to 14% in 2025, 20% in 2026 and 18% in 2027 LEASE MATURITY PROFILE 14% 20% 18% 15% 33% Total 2% 7% 5% 3% 5% 12% 7% 4% 7% 1% 4% 10% 4% 4% 25% Others Data Centers Shopping centers Logistics Offices >2029 2028 2027 2026 2025 Offices Shopping centers Logistics Gross Rents FY24 (€ m) Passing rent (€/sqm/m) Wault (yr) Total 126.8 25.0 2.3 Key metrics within the Shopping Centers division are included in the tables below: Occupancy rate FY24 FY23 Change bps Total 96.5% 96.3% +21 LTM sqm Contracted Out In Renewals Net Release spread # Contracts Total 69,262 (21,135) 21,897 47,365 762 +3.3% 144