Heriot REIT Ratios and Metrics

Market cap in millions ZAR. Fiscal year is July - June.

Millions ZAR. Fiscal year is Jul - Jun.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2018
Period Ending	Apr '26 Apr 27, 2026	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021	2020 - 2018
Market Capitalization	7,343	5,108	3,831	2,937	2,937	2,937	Upgrade
Market Cap Growth	43.75%	33.34%	30.44%	-	-	-	Upgrade
Enterprise Value	13,223	11,484	9,156	5,277	4,904	4,725	Upgrade
Last Close Price	23.00	14.91	13.00	9.21	8.40	7.71	Upgrade
PE Ratio	5.62	3.70	5.76	3.05	4.82	9.38	Upgrade
PS Ratio	4.24	2.99	2.77	4.69	5.10	5.83	Upgrade
PB Ratio	0.98	0.64	0.56	0.55	0.88	0.99	Upgrade
P/OCF Ratio	9.78	11.22	10.41	11.15	11.82	11.61	Upgrade
EV/Sales Ratio	7.63	6.73	6.61	8.43	8.51	9.37	Upgrade
EV/EBITDA Ratio	13.12	11.89	11.20	13.31	14.12	14.79	Upgrade
EV/EBIT Ratio	13.48	12.23	11.45	13.54	14.22	14.88	Upgrade
Debt / Equity Ratio	0.80	0.67	0.75	0.73	0.67	0.62	Upgrade
Debt / EBITDA Ratio	5.96	5.49	6.19	9.79	6.38	5.74	Upgrade
Net Debt / Equity Ratio	0.78	0.65	0.74	0.72	0.63	0.58	Upgrade
Net Debt / EBITDA Ratio	5.77	5.37	6.10	9.67	6.03	5.40	Upgrade
Asset Turnover	0.13	0.13	0.13	0.08	0.11	0.10	Upgrade
Inventory Turnover	-	-	25.30	-	-	-	Upgrade
Quick Ratio	0.31	0.85	0.32	0.09	0.45	0.26	Upgrade
Current Ratio	0.43	1.26	0.92	0.45	0.63	0.39	Upgrade
Return on Equity (ROE)	20.68%	21.91%	14.38%	22.66%	19.54%	11.05%	Upgrade
Return on Assets (ROA)	4.58%	4.55%	4.61%	3.21%	4.05%	4.08%	Upgrade
Return on Invested Capital (ROIC)	7.26%	7.45%	7.43%	5.27%	6.67%	6.68%	Upgrade
Earnings Yield	17.80%	27.00%	17.35%	32.82%	20.76%	10.66%	Upgrade
Dividend Yield	5.75%	8.18%	8.21%	11.54%	12.15%	11.77%	Upgrade
Payout Ratio	29.76%	26.31%	40.02%	27.46%	40.77%	71.22%	Upgrade
Buyback Yield / Dilution	-10.98%	-24.84%	-0.14%	-	-	-	Upgrade
Total Shareholder Return	-5.23%	-16.66%	8.07%	11.54%	12.15%	11.77%	Upgrade

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