Empiric Student Property Ratios and Metrics

Market cap in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '25 Dec 5, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Market Capitalization	495	554	572	508	519	452	Upgrade
Market Cap Growth	-13.13%	-3.08%	12.61%	-2.07%	14.83%	-23.18%	Upgrade
Enterprise Value	828	908	896	861	857	806	Upgrade
Last Close Price	0.74	0.80	0.87	0.75	0.74	0.63	Upgrade
PE Ratio	16.92	16.12	10.71	7.50	17.77	-	Upgrade
PS Ratio	5.78	6.59	7.11	6.96	9.26	7.60	Upgrade
PB Ratio	0.61	0.69	0.78	0.73	0.80	0.71	Upgrade
P/OCF Ratio	11.95	12.89	13.09	11.65	12.24	26.03	Upgrade
EV/Sales Ratio	9.67	10.79	11.13	11.79	15.31	13.55	Upgrade
EV/EBITDA Ratio	19.66	20.88	21.48	23.91	37.92	29.79	Upgrade
EV/EBIT Ratio	21.61	21.03	21.69	24.18	38.44	29.89	Upgrade
Debt / Equity Ratio	0.46	0.46	0.49	0.55	0.57	0.61	Upgrade
Debt / EBITDA Ratio	8.82	8.54	8.58	10.77	16.46	14.25	Upgrade
Asset Turnover	0.07	0.07	0.07	0.07	0.05	0.06	Upgrade
Quick Ratio	1.41	1.48	0.38	1.03	0.44	1.22	Upgrade
Current Ratio	1.67	1.74	0.61	1.32	0.75	1.34	Upgrade
Return on Equity (ROE)	3.72%	4.48%	7.44%	10.04%	4.56%	-3.69%	Upgrade
Return on Assets (ROA)	1.99%	2.27%	2.25%	2.01%	1.31%	1.59%	Upgrade
Return on Capital (ROIC)	2.06%	2.38%	2.37%	2.11%	1.37%	1.66%	Upgrade
Earnings Yield	5.84%	6.20%	9.34%	13.33%	5.63%	-5.31%	Upgrade
Dividend Yield	4.97%	4.63%	4.01%	3.69%	4.22%	-	Upgrade
Payout Ratio	87.54%	65.41%	37.83%	24.67%	46.58%	-	Upgrade
Buyback Yield / Dilution	-7.74%	-2.27%	-0.13%	-	-0.67%	0.16%	Upgrade
Total Shareholder Return	-2.73%	2.36%	3.88%	3.69%	3.55%	0.16%	Upgrade

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