BVMF:HBRE3 Ratios and Metrics

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 16, 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	337	475	307	623	465	908
Market Cap Growth	-5.70%	54.78%	-50.81%	33.95%	-48.75%	-
Enterprise Value	2,763	2,766	2,479	2,344	1,720	1,656
Last Close Price	3.27	3.44	2.23	4.54	3.37	6.58
PE Ratio	12.27	17.26	6.44	4.73	7.38	5.82
PS Ratio	0.64	0.90	1.90	4.62	3.83	10.97
PB Ratio	0.12	0.18	0.10	0.23	0.19	0.39
P/OCF Ratio	3.09	4.36	-	-	5.18	5.22
EV/Sales Ratio	5.26	5.26	15.32	17.38	14.15	20.00
EV/EBITDA Ratio	17.10	17.12	30.32	45.76	25.93	28.99
EV/EBIT Ratio	17.88	17.90	32.11	47.59	26.29	29.31
Debt / Equity Ratio	0.62	0.62	0.52	0.46	0.47	0.45
Debt / EBITDA Ratio	10.42	10.42	18.67	24.32	17.63	18.69
Net Debt / Equity Ratio	0.57	0.57	0.47	0.39	0.35	0.24
Net Debt / EBITDA Ratio	9.54	9.54	16.80	20.64	13.02	10.05
Asset Turnover	0.10	0.10	0.03	0.03	0.03	0.03
Quick Ratio	1.26	1.26	0.66	0.93	1.09	2.22
Current Ratio	1.78	1.78	1.64	1.65	1.20	2.38
Return on Equity (ROE)	3.42%	3.42%	4.77%	10.27%	4.99%	9.72%
Return on Assets (ROA)	1.90%	1.90%	0.99%	0.69%	1.02%	1.11%
Return on Invested Capital (ROIC)	2.20%	2.18%	1.63%	1.03%	1.52%	1.71%
Earnings Yield	8.17%	5.79%	15.54%	21.14%	13.54%	17.20%
Dividend Yield	35.64%	33.83%	-	-	-	-
Payout Ratio	5.82%	5.82%	1.34%	-	-	-
Buyback Yield / Dilution	-	-	-	0.00%	0.00%	-58.78%
Total Shareholder Return	35.64%	33.83%	-	-	-	-58.78%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.