Heriot REIT Ratios and Metrics

Market cap in millions ZAR. Fiscal year is July - June.

Millions ZAR. Fiscal year is Jul - Jun.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2018 - 2020
Period Ending	Dec '25 Dec 18, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021	2018 - 2020
Market Capitalization	6,708	5,108	3,831	2,937	2,937	2,937	Upgrade
Market Cap Growth	75.09%	33.34%	30.44%	-	-	-	Upgrade
Enterprise Value	13,180	11,484	9,156	5,277	4,904	4,725	Upgrade
Last Close Price	21.01	15.35	13.39	9.49	8.65	7.93	Upgrade
PE Ratio	4.86	3.70	5.76	3.05	4.82	9.38	Upgrade
PS Ratio	3.93	2.99	2.77	4.69	5.10	5.83	Upgrade
PB Ratio	0.84	0.64	0.56	0.55	0.88	0.99	Upgrade
P/OCF Ratio	14.73	11.22	10.41	11.15	11.82	11.61	Upgrade
EV/Sales Ratio	7.72	6.73	6.61	8.43	8.51	9.37	Upgrade
EV/EBITDA Ratio	13.64	11.89	11.20	13.31	14.12	14.79	Upgrade
EV/EBIT Ratio	14.04	12.23	11.45	13.54	14.22	14.88	Upgrade
Debt / Equity Ratio	0.67	0.67	0.75	0.73	0.67	0.62	Upgrade
Debt / EBITDA Ratio	5.49	5.49	6.19	9.79	6.38	5.74	Upgrade
Asset Turnover	0.13	0.13	0.13	0.08	0.11	0.10	Upgrade
Inventory Turnover	-	-	25.30	-	-	-	Upgrade
Quick Ratio	0.85	0.85	0.32	0.09	0.45	0.26	Upgrade
Current Ratio	1.26	1.26	0.92	0.45	0.63	0.39	Upgrade
Return on Equity (ROE)	21.91%	21.91%	14.38%	22.66%	19.54%	11.05%	Upgrade
Return on Assets (ROA)	4.55%	4.55%	4.61%	3.21%	4.05%	4.08%	Upgrade
Return on Capital (ROIC)	4.67%	4.67%	4.75%	3.31%	4.17%	4.20%	Upgrade
Earnings Yield	20.56%	27.00%	17.35%	32.82%	20.76%	10.66%	Upgrade
Dividend Yield	6.19%	7.94%	7.97%	11.21%	11.80%	11.43%	Upgrade
Payout Ratio	26.31%	26.31%	40.02%	27.46%	40.77%	71.22%	Upgrade
Buyback Yield / Dilution	-24.84%	-24.84%	-0.14%	-	-	-	Upgrade
Total Shareholder Return	-18.64%	-16.89%	7.83%	11.21%	11.80%	11.43%	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.