Heiwa Real Estate REIT Ratios and Metrics

Market cap in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 1, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Market Capitalization	167,080	152,593	150,181	168,953	153,820	162,889
Market Cap Growth	4.42%	1.61%	-11.11%	9.84%	-5.57%	54.63%
Enterprise Value	281,252	254,853	249,933	258,669	234,564	238,666
Last Close Price	133500.00	121026.12	116499.71	128790.04	118911.88	127806.85
PE Ratio	16.19	16.99	18.93	23.72	24.95	26.31
PS Ratio	8.01	7.95	8.64	10.64	10.83	11.80
PB Ratio	1.25	1.22	1.26	1.50	1.47	1.71
P/OCF Ratio	9.71	10.48	11.93	16.18	12.16	15.64
EV/Sales Ratio	13.48	13.27	14.37	16.28	16.52	17.29
EV/EBITDA Ratio	20.47	20.57	22.56	25.85	26.37	26.83
EV/EBIT Ratio	24.37	24.86	27.83	32.20	33.65	34.16
Debt / Equity Ratio	0.96	1.00	0.96	0.97	0.93	0.93
Debt / EBITDA Ratio	9.34	10.16	10.29	10.98	10.88	9.93
Net Debt / Equity Ratio	0.86	0.89	0.86	0.86	0.79	0.86
Net Debt / EBITDA Ratio	8.31	9.06	9.22	9.73	9.24	9.15
Asset Turnover	-	0.08	0.07	0.07	0.07	0.07
Quick Ratio	0.75	0.78	0.70	0.76	0.96	0.49
Current Ratio	1.01	1.05	0.96	0.99	1.27	0.97
Return on Equity (ROE)	-	7.34%	6.85%	6.55%	6.17%	6.48%
Return on Assets (ROA)	-	2.53%	2.36%	2.27%	2.17%	2.30%
Return on Invested Capital (ROIC)	4.41%	4.23%	3.94%	3.79%	3.62%	3.84%
Earnings Yield	6.04%	5.88%	5.28%	4.22%	4.01%	3.80%
Dividend Yield	5.90%	6.19%	-	4.88%	5.00%	4.29%
Payout Ratio	88.71%	91.72%	92.16%	94.12%	94.93%	85.07%
Buyback Yield / Dilution	-4.37%	-3.92%	-3.26%	-5.50%	-5.22%	1.15%
Total Shareholder Return	1.53%	2.27%	-3.26%	-0.61%	-0.22%	5.44%