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Merlin Properties Announces its Results for H1 2022

The company has closed the first half of 2022 with total revenues of 226.6 million euros.

TorreGlories Merlin
Torre Glòries, in Barcelona, one of Merlin Properties’ largest assets.

Merlin Properties, a real estate company listed on the Spanish Stock Exchange that specialises in the acquisition and management of tertiary assets in the Iberian Peninsula, has closed the first half of 2022 with total revenues of 226.6 million euros, including gross rents of 222.6 million euros; an EBITDA of 165.8 million euros; an operating profit of 157.5 million euros (equivalent to 34 cents per share) and an accounting profit of 491.6 million euros.

In particular, Merlin invests in offices, shopping centres and logistics platforms in the core and core plus segments. The company owns properties with a gross asset value (GAV) of 11.39 billion euros, up slightly in LfL like-for-like terms (+1.2%) versus 2021, driven by the logistics segment. In this way, its net asset value is 8.035 billion euros (equivalent to 17.10 euros per share), which represents an increase of 10% compared to the same period in 2021.

Read the full article in Spanish.

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