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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan '26 Jan 30, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	7,041	5,714	4,712	4,109	4,468	3,616
Market Cap Growth	17.77%	21.28%	14.67%	-8.04%	23.56%	-39.16%
Enterprise Value	10,856	9,142	8,870	7,985	10,178	9,315
Last Close Price	12.29	9.65	9.38	7.85	7.56	5.94
PE Ratio	10.97	20.14	-	15.62	8.72	64.16
PS Ratio	13.12	11.23	9.34	8.87	10.71	8.17
PB Ratio	0.88	0.76	0.72	0.60	0.64	0.54
P/OCF Ratio	-	18.04	20.67	18.50	27.50	26.85
EV/Sales Ratio	20.24	17.97	17.57	17.24	24.38	21.04
EV/EBITDA Ratio	26.17	23.46	22.49	22.66	32.38	27.53
EV/EBIT Ratio	26.56	23.72	22.61	22.78	32.58	27.66
Debt / Equity Ratio	0.65	0.66	0.69	0.62	0.89	0.87
Debt / EBITDA Ratio	12.51	12.68	11.49	12.06	19.94	17.16
Asset Turnover	0.04	0.04	0.04	0.04	0.03	0.03
Quick Ratio	5.23	1.92	2.44	0.50	1.34	1.59
Current Ratio	5.50	2.01	2.77	0.56	1.41	2.28
Return on Equity (ROE)	8.27%	4.04%	-1.25%	0.60%	5.76%	0.84%
Return on Assets (ROA)	1.86%	1.89%	2.03%	1.66%	1.41%	1.57%
Return on Invested Capital (ROIC)	3.09%	3.14%	3.54%	2.47%	2.38%	2.71%
Earnings Yield	9.11%	4.97%	-1.77%	6.40%	11.46%	1.56%
Dividend Yield	3.00%	4.15%	2.22%	5.63%	2.28%	5.05%
Payout Ratio	-	37.06%	-	39.63%	13.67%	121.58%
Buyback Yield / Dilution	11.79%	-8.87%	-0.09%	-0.32%	0.69%	0.01%
Total Shareholder Return	14.79%	-4.72%	2.13%	5.31%	2.98%	5.06%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.