MERLIN Properties SOCIMI Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 3, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	9,491	6,996	5,714	4,712	4,109	4,468
Market Cap Growth	59.95%	22.43%	21.28%	14.67%	-8.04%	23.56%
Enterprise Value	13,043	10,811	9,142	8,870	7,985	10,178
Last Close Price	15.33	12.25	9.68	9.24	7.72	7.60
PE Ratio	11.35	8.90	20.14	-	15.62	8.72
PS Ratio	16.34	12.34	11.23	9.34	8.87	10.71
PB Ratio	1.06	0.87	0.76	0.72	0.60	0.64
P/OCF Ratio	-	16.83	18.04	20.67	18.50	27.50
EV/Sales Ratio	22.45	19.07	17.97	17.57	17.24	24.38
EV/EBITDA Ratio	30.08	25.29	23.46	22.49	22.66	32.38
EV/EBIT Ratio	30.44	25.59	23.73	22.61	22.78	32.58
Debt / Equity Ratio	0.59	0.63	0.66	0.69	0.62	0.89
Debt / EBITDA Ratio	12.22	11.86	12.69	11.49	12.06	19.94
Net Debt / Equity Ratio	0.40	0.48	0.45	0.62	0.56	0.76
Net Debt / EBITDA Ratio	8.19	9.02	8.70	10.32	10.84	16.92
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.03
Quick Ratio	1.65	1.11	1.92	2.44	0.50	1.34
Current Ratio	1.72	1.18	2.01	2.77	0.56	1.41
Return on Equity (ROE)	9.43%	10.09%	4.04%	-1.25%	0.60%	5.76%
Return on Assets (ROA)	1.87%	1.91%	1.89%	2.03%	1.66%	1.41%
Return on Invested Capital (ROIC)	3.02%	3.19%	3.14%	3.54%	2.47%	2.38%
Earnings Yield	8.21%	11.24%	4.97%	-1.77%	6.40%	11.46%
Dividend Yield	2.74%	3.43%	4.13%	2.25%	5.73%	2.27%
Payout Ratio	-	15.69%	37.06%	-	39.63%	13.67%
Buyback Yield / Dilution	-8.14%	-10.37%	-8.87%	-0.09%	-0.32%	0.69%
Total Shareholder Return	-5.31%	-6.94%	-4.74%	2.16%	5.41%	2.97%