Heiwa Real Estate REIT Ratios and Metrics

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	Current	FY 2024	FY 2024	FY null	FY 2023	FY 2023	2018 - 2022
Period Ending	Jun '25 Jun 12, 2025	Nov '24 Nov 30, 2024	May '24 May 31, 2024	Jun '23 Jun 30, 2023	Nov '23 Nov 30, 2023	May '23 May 31, 2023	2018 - 2022
Market Capitalization	159,046	140,046	150,181	168,005	155,701	168,953	Upgrade
Market Cap Growth	-10.19%	-6.75%	-10.61%	7.90%	-7.84%	-5.83%	Upgrade
Enterprise Value	261,306	242,213	249,933	257,721	253,068	258,669	Upgrade
Last Close Price	133100.00	113766.06	122918.34	130869.60	124245.39	135885.82	Upgrade
PE Ratio	19.41	17.09	18.93	-	20.61	23.72	Upgrade
PS Ratio	8.94	7.74	8.64	-	9.32	10.64	Upgrade
PB Ratio	1.27	1.12	1.26	-	1.31	1.50	Upgrade
P/OCF Ratio	12.28	10.91	11.93	-	13.78	16.18	Upgrade
EV/Sales Ratio	14.70	13.39	14.37	-	15.15	16.28	Upgrade
EV/EBITDA Ratio	23.18	20.96	22.56	-	23.95	25.85	Upgrade
EV/EBIT Ratio	28.47	25.80	27.83	-	29.74	32.20	Upgrade
Debt / Equity Ratio	0.91	0.91	0.96	-	0.95	0.97	Upgrade
Debt / EBITDA Ratio	9.87	9.87	10.29	-	10.65	10.98	Upgrade
Asset Turnover	0.07	0.07	0.07	-	0.07	0.07	Upgrade
Quick Ratio	0.69	0.69	0.70	-	0.76	0.76	Upgrade
Current Ratio	0.93	0.93	0.96	-	1.03	0.99	Upgrade
Return on Equity (ROE)	6.73%	6.73%	6.85%	-	6.53%	6.55%	Upgrade
Return on Assets (ROA)	2.40%	2.40%	2.36%	-	2.30%	2.27%	Upgrade
Return on Capital (ROIC)	2.50%	2.50%	2.46%	-	2.40%	2.37%	Upgrade
Earnings Yield	5.05%	5.85%	5.28%	-	4.85%	4.22%	Upgrade
Dividend Yield	5.71%	-	-	-	-	4.63%	Upgrade
Payout Ratio	95.56%	94.85%	92.16%	-	92.72%	94.12%	Upgrade
Buyback Yield / Dilution	-4.68%	-3.86%	-	-	-1.63%	-2.67%	Upgrade
Total Shareholder Return	1.10%	-3.86%	-	-	-1.63%	1.96%	Upgrade

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