Press Release

31/07/2020

MERLIN weathers the Covid-19 impact with resilience

– Total revenues: € 259.4 million (-2.2% YoY)
– EBITDA: € 184.1 million (-12.5% YoY)
– Operating profit (“FFO”): € 134.3 million (-14.6% YoY)
– NAV per share: €15.68 (+3.8% YoY)

09/04/2020

MERLIN Properties: AGM on June 17th, dividend of 15 cents per share and additional 17 cents delegated to the Board of Directors

• MERLIN Properties will hold its AGM on June 17th, where a complimentary dividend of 14.6 cents per share, payable in cash, will be proposed for approval. It will also be proposed a further remuneration to shareholders of 17.4 cents per share, payable in cash and to be distributed by way of share premium refund. This last distribution will be delegated to the Board of Directors, who will decide on its effective implementation in view of the evolution of the coronavirus pandemia.

• The Board of Directors have decided to reduce their compensation by 25% and has agreed with the CEO, General Corporate Manager and all members of the senior management team the initiative to waive all the variable compensation and stock plan corresponding to 2020.

• Following the positive reinforcement of MERLIN’s rating by S&P (BBB) and Moody’s (Baa2), the company has disclosed and limited its future Capex commitments to those projects currently under execution and with pre-lets in place, capable of generating additional rents in the short to medium term.

• MERLIN Properties reiterates its commitmment with tenants whose stores have been forced to close and continues working towards helping, to the extent possible, in fighting the pandemia. The company and its staff have fully funded the purchase of 4 robots for PCR massive testing of coronavirus, which are now operating in the Carlos III Health Institute, and the medical centres of La Paz, in Madrid, and Vall d’Hebron and Clinic in Barcelona.

28/02/2020

MERLIN Properties increases its operating profit by a strong 9.2%, to 313 million euros

– Gross rents: € 525.9 million (+5.2%)
– EBITDA: € 425.5 million (+5.4%)
– Gross asset value: € 12,751 million (+5.9%)
– Net asset value per share: € 15.60 (+5.4%)
– Operating profit (“FFO”): €313.3 million (+9.2%)
– Guidance to dividend in 2020: € 52 cents per share

03/02/2020

MERLIN Properties’ shares to start trading in Portugal

The company will be listed on the regulated market of Euronext Lisbon
It is the first dual listing of a Spanish company in this sector

29/11/2019

MERLIN Properties sells a portfolio of 26 office buildings for €225 million

Disposals in 2019 amount to €281 million, exceeding the divestment plan for the year

27/11/2019

MERLIN Properties successfully issues € 500 million – 15 years unsecured bonds

· MERLIN Properties has completed today a 500 million euros unsecured bond issuance, with 15 years maturity period and a coupon of 1.875%.
· This 15 year bond is the longest issuance executed by an Spanish real estate company as of today.

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)