Empiric Student Property 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	Jan '26 Jan 26, 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	532	554	572	508	519	452
Market Cap Growth	-3.78%	-3.08%	12.61%	-2.07%	14.83%	-23.18%
Enterprise Value	865	908	896	861	857	806
Last Close Price	0.80	0.80	0.87	0.75	0.74	0.63
PE Ratio	18.17	16.12	10.71	7.50	17.77	-
PS Ratio	6.22	6.59	7.11	6.96	9.26	7.60
PB Ratio	0.66	0.69	0.78	0.73	0.80	0.71
P/OCF Ratio	12.86	12.89	13.09	11.65	12.24	26.03
EV/Sales Ratio	10.11	10.79	11.13	11.79	15.31	13.55
EV/EBITDA Ratio	20.55	20.88	21.48	23.91	37.92	29.79
EV/EBIT Ratio	22.59	21.03	21.69	24.18	38.44	29.89
Debt / Equity Ratio	0.46	0.46	0.49	0.55	0.57	0.61
Debt / EBITDA Ratio	8.82	8.54	8.58	10.77	16.46	14.25
Asset Turnover	0.07	0.07	0.07	0.07	0.05	0.06
Quick Ratio	1.41	1.48	0.38	1.03	0.44	1.22
Current Ratio	1.67	1.74	0.61	1.32	0.75	1.34
Return on Equity (ROE)	3.72%	4.48%	7.44%	10.04%	4.56%	-3.69%
Return on Assets (ROA)	1.99%	2.27%	2.25%	2.01%	1.31%	1.59%
Earnings Yield	5.43%	6.20%	9.34%	13.33%	5.63%	-5.31%
Dividend Yield	4.63%	4.63%	4.01%	3.69%	4.22%	-
Payout Ratio	87.54%	65.41%	37.83%	24.67%	46.58%	-
Buyback Yield / Dilution	-7.74%	-2.27%	-0.13%	-	-0.67%	0.16%
Total Shareholder Return	-3.12%	2.36%	3.88%	3.69%	3.55%	0.16%

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