Merlin Properties SOCIMI SA 2022 AR2
The report highlights Merlin Properties' strong operational performance in 2022, achieving its highest-ever occupancy level of 95.1% and generating ’290.5 million in funds from operations (FFO). The company completed a major strategic divestment by selling its BBVA bank branch portfolio for ’1,987 million, significantly reducing its loan-to-value ratio to 32.7%. In terms of sustainability, Merlin launched its Pathway to Net Zero strategy, aiming for net-zero carbon emissions by 2030, and successfully reclassified all outstanding bonds into green bonds. Additionally, the company expanded its renewable energy capacity by installing 10.9 MW of photovoltaic panels and maintained high asset certification levels, with 93.6% of its strategic portfolio certified under LEED or BREEAM.
Company: Merlin Properties SOCIMI SA
Sector: Real estate
Country: Spain
Year: 2022
Type: AR2
Pages: 144
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Merlin Properties SOCIMI SA
Annual Report
The report highlights Merlin Properties' strong operational performance in 2022, achieving its highest-ever occupancy level of 95.1% and generating ’290.5 million in funds from operations (FFO). The company completed a major strategic divestment by selling its BBVA bank branch portfolio for ’1,987 million, significantly reducing its loan-to-value ratio to 32.7%. In terms of sustainability, Merlin launched its Pathway to Net Zero strategy, aiming for net-zero carbon emissions by 2030, and successfully reclassified all outstanding bonds into green bonds. Additionally, the company expanded its renewable energy capacity by installing 10.9 MW of photovoltaic panels and maintained high asset certification levels, with 93.6% of its strategic portfolio certified under LEED or BREEAM.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Workplace Fatalities
Net Zero Target
Employees