1.0MERLIN Propertieshttps://ir.merlinproperties.com/en/Merlin Propertieshttps://ir.merlinproperties.com/en/author/adminmerlin/Prominent start of year for MERLIN Properties, with uplift in both rents and occupancy rates across all asset categories - MERLIN Propertiesrich600338<blockquote class="wp-embedded-content" data-secret="nIf9ahfLVE"><a href="https://ir.merlinproperties.com/en/4071/">Prominent start of year for MERLIN Properties, with uplift in both rents and occupancy rates across all asset categories</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://ir.merlinproperties.com/en/4071/embed/#?secret=nIf9ahfLVE" width="600" height="338" title="“Prominent start of year for MERLIN Properties, with uplift in both rents and occupancy rates across all asset categories” — MERLIN Properties" data-secret="nIf9ahfLVE" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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- Gross rents: € 115.3 million (+50% vs 1Q 2016) - Recurring EBITDA: € 99.4 million (+48% vs 1Q 2016) - Recurring FFO: € 74.2 million (+52% vs 1Q 2016) - Gross asset value: € 10.0 billion (without quarterly revaluations) - Net asset value per share: € 11.36 (+14.1% vs 1Q 2016) - 1Q17 Office Release spread: +3.6% • During the first quarter of the year, MERLIN has contracted more than 275,000 sqm, with positive increases in rents in all asset classes. • Annualized gross rents amount to € 463 million with an occupancy rate of 92.3% (+1% vs 31/12/16). • Most relevant acquisitions in the period are Torre Glòries in Barcelona and MERLIN-Cabanillas logistic park, 100% occupied at opening. Additionally, the Company continues executing the 5 year capex program launched at the end of 2016.