Apartment Income REIT Ratios and Metrics

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 7, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	27,102	17,339	-	-	-
Enterprise Value	26,318	16,662	-	-	-
Last Close Price	102.00	66.00	-	-	-
PS Ratio	19.01	12.16	-	-	-
PB Ratio	16.27	10.41	-	-	-
P/TBV Ratio	16.58	10.61	-	-	-
P/FCF Ratio	200.34	128.17	-	-	-
P/OCF Ratio	146.95	94.01	-	-	-
EV/Sales Ratio	18.46	11.69	-	-	-
EV/EBITDA Ratio	84.71	54.25	-	-	-
EV/EBIT Ratio	103.84	65.74	-	-	-
EV/FCF Ratio	194.54	123.17	-	-	-
Debt / Equity Ratio	0.28	0.28	-3.78	-2.36	-2.33
Debt / EBITDA Ratio	1.48	1.48	5.88	9.14	10.83
Debt / FCF Ratio	3.40	3.40	8.89	-	-
Asset Turnover	0.84	0.84	1.07	0.70	-
Inventory Turnover	29.82	29.82	15.59	8.24	-
Quick Ratio	3.17	3.17	4.81	8.29	1.92
Current Ratio	3.54	3.54	5.38	9.07	2.09
Return on Equity (ROE)	-277.65%	-277.65%	-	-	-
Return on Assets (ROA)	9.38%	9.38%	11.79%	6.71%	-
Return on Capital (ROIC)	9.86%	9.86%	12.37%	7.61%	-
Return on Capital Employed (ROCE)	15.20%	15.20%	19.80%	11.30%	10.30%
Earnings Yield	-6.57%	-10.26%	-	-	-
FCF Yield	0.50%	0.78%	-	-	-
Buyback Yield / Dilution	21.18%	21.18%	-142.05%	-	-

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