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Merlin Properties Obtained an Operating Profit of €290.5 Million in 2022, Up By 6.4%

For the current financial year, the Socimi Merlin Properties's forecast operating profit amounts to 58 euro cents per share.

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Merlin Properties closed 2022 with revenues of 460.7 million euros, including gross rental income of 452.8 million euros (+7.9% compared to the previous year); an EBITDA of 334.7 million euros (+14.7% YoY); and an operating profit of 290.5 million euros (+6.4%), equivalent to 62 cents per share, as reported by the Socimi.

The gross value of the assets owned by Merlin Properties reached 11.3 billion euros at the end of 2022, absorbing a significant expansion of yields with a moderate impact on valuations thanks to an extraordinary operating performance driven by rental growth and a higher occupancy rate. For its part, the net value of the Socimi’s assets amounted to 7.363 billion euros (15.67 euros per share) at year end, representing a year-on-year decrease of 2.7%.

Read the full article in Spanish.

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