Press Release

13/11/2019

MERLIN reports excellent business performance in all divisions driving operating profit to double-digit growth

– Gross rents: € 394.9 million (+6.4% YoY)
– EBITDA: € 317.0 million (+6.3% YoY)
– Operating profit (“FFO“) : €237.0 million (+11.5% YoY)
– Gross asset value: € 12.4 billion (without quarterly revaluations)
– Net asset value per share: € 15.27 (+6.5% vs YoY)

09/09/2019

MERLIN Properties further expands its Lisbon office portfolio with the acquisition of Nestlé headquarters

• MERLIN Properties has completed the acquisition of Nestlé’s HQ in Lisbon for a total amount of €12.5 million
• The office building, located in a consolidated and dynamic office area within Lisbon’s “western corridor”, adds 12,260 sqm GLA to the Lisbon portfolio of MERLIN Properties and enjoys full occupancy

30/07/2019

Strong growth in the operating profit during the first half

• Operating profit exceeds € 157 million (equivalent to € 33 cents per share), a strong 11.6% increase year on year.
• Excellent business performance, with increases in the occupancy rate, LfL rents and positive release spreads in all asset categories.
• MERLIN announces the acquisition of a land plot to develop a 93,000 sqm extension of the successful Cabanillas Park I which will become the largest logistics park in Madrid with 320,000 sqm.

20/05/2019

MERLIN completes its refinancing with an ESG Indexed Loan

• The Sustainability-Linked Facility is the largest in European Real Estate sector to date and the second largest ever in Spain across all industries

• MERLIN’s continued management of its debt positions over the last six months report LfL savings of € 8.2 million per annum

13/05/2019

Excellent start of the year for MERLIN Properties

– Gross rents: € 131.7 million (+8.7% vs 3M 2018)
– EBITDA: € 105.0 million (+7.7% vs 3M 2018)
– FFO: € 79.0 million (+12.5% vs 3M 2018)
– Net asset value per share: € 14.94 (+10.8% vs 3M 2018)

28/02/2019

MERLIN Properties maintains operating cash flow and increases the dividend

Provides guidance towards 52 cents of dividend per share in 2019 (+4%)

– Gross rents: € 499.7 million (+7%)
– Recurring EBITDA: € 403.7 million (+3%)
– Gross asset value: € 12,041 million (+7%)
– EPRA net asset value per share: € 14.81 (+12%)
– Loan to Value: 40.7% (reduction of 287 bps in the period)
– Guidance to dividend in 2019: € 52 cents per share (+4%)

17/01/2019

MERLIN Properties further expands its Lisbon prime office portfolio with two new buildings in Parque das Naçoes

• MERLIN Properties has completed the acquisition of Art and Torre Fernando Magalhaes (“TFM”) in Lisbon for a total amount of €112.2 million
• The office buildings, located in the Expo area, add 29,985 sqm GLA to the Lisbon portfolio of MERLIN Properties and enjoy virtually full occupancy