Equites Property Fund Ratios and Metrics

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

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 4, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021	2020 - 2016
Market Capitalization	14,703	10,851	10,233	11,967	15,530	11,512	Upgrade
Market Cap Growth	31.88%	6.04%	-14.49%	-22.94%	34.91%	20.23%	Upgrade
Enterprise Value	27,184	26,519	26,155	24,405	24,102	16,636	Upgrade
Last Close Price	17.80	12.82	10.96	11.44	14.16	11.37	Upgrade
PE Ratio	10.17	11.50	8.89	-	7.64	28.25	Upgrade
PS Ratio	3.53	2.55	4.12	3.73	9.20	9.71	Upgrade
PB Ratio	0.82	0.62	0.60	0.74	0.89	0.89	Upgrade
P/OCF Ratio	13.02	11.21	9.11	8.05	19.42	13.69	Upgrade
EV/Sales Ratio	6.53	6.23	10.53	7.60	14.28	14.03	Upgrade
EV/EBITDA Ratio	13.62	13.99	14.34	13.86	17.49	17.17	Upgrade
EV/EBIT Ratio	13.69	14.03	14.39	13.87	17.52	17.20	Upgrade
Debt / Equity Ratio	0.56	0.68	0.72	0.69	0.52	0.53	Upgrade
Debt / EBITDA Ratio	5.07	6.25	6.63	6.38	6.55	7.05	Upgrade
Asset Turnover	0.13	0.14	0.09	0.11	0.07	0.07	Upgrade
Inventory Turnover	2.40	2.38	0.63	1.49	0.36	-	Upgrade
Quick Ratio	0.51	1.09	0.25	0.12	0.45	0.50	Upgrade
Current Ratio	1.70	1.88	1.13	0.82	1.11	0.81	Upgrade
Return on Equity (ROE)	11.43%	8.22%	9.17%	-0.62%	15.44%	4.30%	Upgrade
Return on Assets (ROA)	4.01%	3.89%	3.87%	3.91%	3.54%	3.35%	Upgrade
Return on Capital (ROIC)	4.32%	4.04%	4.01%	4.07%	3.71%	3.51%	Upgrade
Earnings Yield	10.82%	8.70%	11.25%	-5.34%	13.09%	3.54%	Upgrade
Dividend Yield	7.76%	10.45%	11.97%	14.83%	11.51%	13.63%	Upgrade
Payout Ratio	82.67%	134.46%	121.92%	-	60.42%	225.69%	Upgrade
Buyback Yield / Dilution	-5.65%	-3.74%	-1.86%	-11.79%	-11.25%	-17.24%	Upgrade
Total Shareholder Return	2.06%	6.71%	10.11%	3.04%	0.26%	-3.60%	Upgrade

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