Emira Property Fund Ratios and Metrics

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

Millions ZAR. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 4, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021	2020 - 2016
Market Capitalization	6,490	5,010	4,183	4,876	4,352	4,769	Upgrade
Market Cap Growth	15.15%	19.76%	-14.21%	12.05%	-8.75%	46.89%	Upgrade
Enterprise Value	12,377	12,119	10,647	12,075	9,741	10,245	Upgrade
Last Close Price	13.50	9.38	7.05	7.39	5.79	5.57	Upgrade
PE Ratio	2.77	2.11	8.43	4.43	4.49	10.21	Upgrade
PS Ratio	3.17	2.44	1.96	2.23	2.17	2.52	Upgrade
PB Ratio	0.65	0.50	0.51	0.57	0.55	0.65	Upgrade
P/OCF Ratio	37.65	29.06	9.78	14.07	11.20	11.53	Upgrade
EV/Sales Ratio	6.04	5.91	4.99	5.52	4.87	5.41	Upgrade
EV/EBITDA Ratio	11.59	11.35	12.42	10.20	8.23	9.11	Upgrade
EV/EBIT Ratio	11.77	11.53	12.62	10.33	8.30	9.28	Upgrade
Debt / Equity Ratio	0.63	0.63	0.79	0.82	0.71	0.72	Upgrade
Debt / EBITDA Ratio	5.88	5.88	7.57	5.91	4.75	4.73	Upgrade
Asset Turnover	0.13	0.13	0.13	-	0.15	0.14	Upgrade
Quick Ratio	0.36	0.36	0.11	0.08	0.07	0.15	Upgrade
Current Ratio	0.89	0.89	1.12	0.48	0.47	0.94	Upgrade
Return on Equity (ROE)	26.08%	26.08%	6.26%	-	12.75%	6.28%	Upgrade
Return on Assets (ROA)	4.04%	4.04%	3.31%	-	5.36%	5.09%	Upgrade
Return on Capital (ROIC)	4.24%	4.24%	3.48%	-	5.61%	5.32%	Upgrade
Earnings Yield	36.66%	47.49%	11.86%	22.57%	22.26%	9.80%	Upgrade
Dividend Yield	9.18%	13.21%	16.61%	17.46%	20.69%	21.31%	Upgrade
Payout Ratio	24.15%	24.15%	95.38%	78.97%	62.36%	86.24%	Upgrade
Buyback Yield / Dilution	0.26%	0.26%	0.07%	0.16%	0.30%	1.56%	Upgrade
Total Shareholder Return	9.40%	13.47%	16.68%	17.62%	20.99%	22.87%	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.