Warehouse REIT Ratios and Metrics

Market cap in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2018 - 2020
Period Ending	Jul '25 Jul 3, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2018 - 2020
Market Capitalization	472	454	351	434	738	535	Upgrade
Market Cap Growth	29.30%	29.30%	-19.18%	-41.13%	37.78%	143.25%	Upgrade
Enterprise Value	744	740	637	782	988	655	Upgrade
Last Close Price	1.11	1.05	0.76	0.87	1.40	0.98	Upgrade
PE Ratio	11.35	10.88	10.23	-	3.86	4.35	Upgrade
PS Ratio	9.10	8.74	6.88	8.48	14.35	13.79	Upgrade
PB Ratio	0.86	0.83	0.66	0.82	1.00	0.93	Upgrade
P/OCF Ratio	13.16	12.64	11.40	12.29	26.11	22.12	Upgrade
EV/Sales Ratio	14.34	14.26	12.49	15.28	19.22	16.87	Upgrade
EV/EBITDA Ratio	21.15	21.03	18.11	23.35	27.80	26.25	Upgrade
EV/EBIT Ratio	21.25	21.13	18.19	23.48	27.94	26.39	Upgrade
Debt / Equity Ratio	0.52	0.52	0.55	0.61	0.38	0.41	Upgrade
Debt / EBITDA Ratio	8.05	8.05	8.40	9.64	7.97	9.38	Upgrade
Asset Turnover	0.06	0.06	0.06	0.05	0.05	0.06	Upgrade
Quick Ratio	1.01	1.01	0.90	1.04	1.58	2.06	Upgrade
Current Ratio	1.20	1.20	5.48	1.16	1.77	2.11	Upgrade
Return on Equity (ROE)	7.68%	7.68%	6.45%	-28.86%	29.12%	29.41%	Upgrade
Return on Assets (ROA)	2.56%	2.56%	2.50%	2.15%	2.33%	2.37%	Upgrade
Return on Capital (ROIC)	2.63%	2.63%	2.60%	2.22%	2.42%	2.46%	Upgrade
Earnings Yield	8.83%	9.19%	9.78%	-42.11%	25.92%	23.00%	Upgrade
Dividend Yield	5.76%	6.08%	8.45%	7.37%	4.57%	6.34%	Upgrade
Payout Ratio	65.19%	65.20%	79.26%	-	13.78%	12.68%	Upgrade
Buyback Yield / Dilution	-	-	-	-	-21.51%	-45.66%	Upgrade
Total Shareholder Return	5.76%	6.08%	8.45%	7.37%	-16.95%	-39.32%	Upgrade

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