NTT UD REIT Investment Ratios and Metrics

Market cap in millions JPY. Fiscal year is November - October.

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 26, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021	Oct '20 Oct 31, 2020	2015 - 2019
Market Capitalization	203,351	161,838	174,784	204,078	199,393	151,059	Upgrade
Market Cap Growth	16.87%	-7.41%	-14.35%	2.35%	32.00%	-29.24%	Upgrade
Enterprise Value	345,156	305,809	295,174	322,712	322,197	257,326	Upgrade
Last Close Price	138500.00	106657.19	115840.07	128661.19	127828.82	92625.23	Upgrade
PE Ratio	22.97	18.87	17.40	21.28	20.41	19.79	Upgrade
PS Ratio	7.94	6.81	7.13	8.79	8.98	8.07	Upgrade
PB Ratio	-	1.09	1.25	1.48	1.59	1.21	Upgrade
P/OCF Ratio	10.64	13.24	8.41	7.83	10.04	12.32	Upgrade
EV/Sales Ratio	13.48	12.86	12.03	13.91	14.51	13.75	Upgrade
EV/EBITDA Ratio	24.15	23.18	20.94	23.57	23.54	22.70	Upgrade
EV/EBIT Ratio	31.99	31.24	26.96	30.71	30.27	30.46	Upgrade
Debt / Equity Ratio	-	1.00	0.88	0.92	1.01	0.90	Upgrade
Debt / EBITDA Ratio	-	11.29	8.66	9.20	9.24	9.95	Upgrade
Asset Turnover	-	0.08	0.09	0.09	0.09	0.08	Upgrade
Quick Ratio	-	0.31	0.36	0.27	0.28	0.20	Upgrade
Current Ratio	-	0.94	1.00	0.75	0.79	0.88	Upgrade
Return on Equity (ROE)	-	5.96%	7.26%	7.29%	7.80%	6.11%	Upgrade
Return on Assets (ROA)	-	2.09%	2.48%	2.41%	2.58%	2.13%	Upgrade
Return on Capital (ROIC)	-	2.19%	2.61%	2.55%	2.72%	2.23%	Upgrade
Earnings Yield	4.38%	5.30%	5.75%	4.70%	4.90%	5.05%	Upgrade
Dividend Yield	4.53%	5.43%	-	5.32%	5.60%	6.26%	Upgrade
Payout Ratio	96.21%	102.13%	83.70%	102.22%	-	97.65%	Upgrade
Buyback Yield / Dilution	0.23%	-5.72%	-0.02%	-6.40%	-	-	Upgrade
Total Shareholder Return	4.76%	-0.29%	-0.02%	-1.09%	5.60%	6.26%	Upgrade

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