MERLIN Properties SOCIMI Ratios and Metrics

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 10, 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	6,568	4,725	4,089	3,644	3,753	3,240
Market Cap Growth	28.26%	15.58%	12.19%	-2.89%	15.83%	-35.67%
Enterprise Value	9,886	7,560	7,697	7,083	8,548	8,345
Last Close Price	11.67	8.07	8.15	7.02	6.42	5.35
PE Ratio	11.73	20.14	-	15.62	8.72	64.16
PS Ratio	14.03	11.23	9.34	8.87	10.71	8.17
PB Ratio	0.94	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	21.19	17.97	17.57	17.24	24.38	21.04
EV/EBITDA Ratio	27.41	23.46	22.49	22.66	32.38	27.53
EV/EBIT Ratio	27.81	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
Net Debt / Equity Ratio	0.48	0.45	0.62	0.56	0.76	0.83
Net Debt / EBITDA Ratio	9.20	8.70	10.32	10.84	16.92	16.42
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	8.53%	4.97%	-1.77%	6.40%	11.46%	1.56%
Dividend Yield	2.43%	4.10%	2.22%	5.59%	2.26%	5.02%
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	14.21%	-4.77%	2.13%	5.27%	2.95%	5.03%

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