Press Release

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

15/11/2018

Excellent quarter for MERLIN Properties, with rental and occupancy growth accelerating in all asset categories

– Gross rents: € 371.0 million (+5.3% YoY)
– Recurring EBITDA: € 296.4 million (-0.4% YoY)
– Gross asset value: € 12.25 billion (without quarterly revaluations)
– Net asset value per share: € 14.33 (+19.2% vs 9M 2017)
– Release spread accelerating: +6.8% in office, +4.1% in shopping centers and +9.2% in logistics
– Occupancy: 93.4% (+128 bps vs 30/06/2018)
• During the first nine months of the year, MERLIN has contracted more than 650,000 sqm, with positive increases in rents in all asset classes. Significant hike in occupancy
• The three plans of the Company, Landmark I, Flagship and Best II continue progressing, with relevant advances in Torre Glòries, Adequa, Arturo Soria and Larios
• Investment activity in the period has taken place in Portugal, with the acquisitions of Almada shopping center and Zen Tower office building, both in Lisbon, and in logistics, with acquisitions in A-2 and A-4 hubs, as well as in Vitoria and Valencia

17/09/2018

MERLIN Properties agrees to sell its stake in Testa Residencial for €321.2 million

● The price implies an equity valuation of €1,895 million
● It accomplishes the divestment target included in its business plan and maximizes the value for its shareholders

11/09/2018

MERLIN Properties continúa incrementando su huella logística exponencialmente a nivel nacional

• MERLIN Properties ha adquirido dos complejos logísticos en rentabilidad situados en Cabanillas (Guadalajara) y Júndiz (Vitoria) y ha iniciado las obras de construcción de dos naves logísticas ubicadas en Cabanillas.
• Por otra parte, la compañía ha firmado un proyecto llave en mano en Ribarroja (Valencia) así como un proyecto built-to-suit y un proyecto especulativo en ZAL-Sevilla.
• El importe comprometido de inversión asciende a 78,6 millones de euros, añadiendo unas rentas anuales estimadas a la cartera de activos por importe agregado de 6,0 millones de euros con un yield sobre coste del 7,6%.

• Las nuevas adquisiciones, que representan una S.B.A. agregada de 138.103 m2, reafirman la apuesta de MERLIN Properties por los activos logístico e incrementan su huella de forma exponencial en puntos estratégicos de la Península Ibérica.