Inés Arellano
Director
Good night, everybody. Thanks for becoming a member of MERLIN’s 9M25 buying and selling replace. As we at all times do on quarterly outcomes, our CEO, Ismael Clemente, will briefly stroll you thru the primary highlights of the interval, and we’ll then open the road for Q&A.
[Operator Instructions] With no additional delay, I cross the ground to Ismael. Thanks.
Ismael Orrego
Govt Vice-Chairman & CEO
Thanks, Ines. Welcome to the 9 months 2025 outcomes presentation by MERLIN Properties. The quarter from thirtieth of June to thirtieth of September has been fairly productive for the corporate. Firm has carried out like a Swiss clock, significantly within the conventional asset courses.
The evolution of gross rents like-for-like has been plus 3.4% with comparatively impartial variation in occupancy. In actual fact, we’ve got misplaced roughly 10 foundation factors. 6.4% FFO per share year-on-year on account of a greater contribution to the margins of the information heart division and a 5.7% improve within the NTA per share year-on-year, which along with the dividend takes the theoretical TSR to plus 8.4% within the interval.
The exercise in Workplaces, Logistics and Procuring Facilities has been robust, as commented, with greater than 700,000 sq. meters transactions through the first 9 months of the yr. The FFO elevated 6.4%. That is regardless of larger monetary bills. Please bear in mind that the bond issuance in our finances was forecast for the top of October, and we ended up doing it within the final week of August. Meaning an
