MERLIN Properties Annual Report 2024

Cover	1
Index	3
Letter from the Chairman	4
01. Organization and structure	8
02. Business performance	16
03. Investments, divestments and Capex	28
04. Portfolio valuation	32
05. Financial statements	36
06. EPRA Summary	44
07. Stock Exchange evolution	52
08. Dividends policy	56
09. Treasury shares	60
10. Outlook / R+D information	62
11. Sustainability	64
12. Staff	100
Appendixes	126
Alternative performance measures	127
Reconciliation of the alternative performance measures	130
List of assets	132
Back cover	138

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