Tokyu REIT Ratios and Metrics

Market cap in millions JPY. Fiscal year is August - July.

Millions JPY. Fiscal year is Aug - Jul.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Apr '26 Apr 27, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021	2020 - 2016
Market Capitalization	185,064	192,489	148,302	183,887	190,241	199,528	Upgrade
Market Cap Growth	9.93%	29.80%	-19.35%	-3.34%	-4.66%	54.39%	Upgrade
Enterprise Value	281,798	296,086	245,961	285,957	279,150	298,954	Upgrade
Last Close Price	192500.00	193080.41	142255.58	168379.41	167393.56	168329.32	Upgrade
PE Ratio	18.49	20.08	16.19	16.50	16.67	26.17	Upgrade
PS Ratio	9.17	10.88	9.55	12.79	14.00	12.54	Upgrade
PB Ratio	1.48	1.56	1.19	1.50	1.59	1.73	Upgrade
P/OCF Ratio	9.30	9.90	10.76	9.41	3.58	16.96	Upgrade
EV/Sales Ratio	13.97	16.74	15.84	19.89	20.55	18.79	Upgrade
EV/EBITDA Ratio	21.72	27.77	27.85	35.91	38.43	30.57	Upgrade
EV/EBIT Ratio	25.64	34.16	35.49	46.53	50.86	38.54	Upgrade
Debt / Equity Ratio	0.84	0.86	0.90	0.85	0.78	0.91	Upgrade
Debt / EBITDA Ratio	8.13	9.99	12.63	13.12	12.80	10.80	Upgrade
Net Debt / Equity Ratio	0.77	0.83	0.89	0.81	0.75	0.91	Upgrade
Net Debt / EBITDA Ratio	7.45	9.64	12.50	12.42	12.38	10.70	Upgrade
Asset Turnover	0.08	0.07	0.06	0.06	0.06	0.07	Upgrade
Quick Ratio	0.47	0.28	0.07	0.41	0.28	0.04	Upgrade
Current Ratio	0.66	0.50	0.24	0.59	0.45	0.10	Upgrade
Return on Equity (ROE)	8.03%	7.72%	7.40%	9.20%	9.71%	-	Upgrade
Return on Assets (ROA)	2.79%	2.19%	1.76%	1.65%	1.49%	-	Upgrade
Return on Invested Capital (ROIC)	4.77%	3.72%	2.99%	2.79%	2.53%	3.62%	Upgrade
Earnings Yield	5.44%	4.98%	6.18%	6.06%	6.00%	3.82%	Upgrade
Dividend Yield	4.10%	-	5.31%	4.63%	4.75%	4.38%	Upgrade
Payout Ratio	77.11%	79.52%	80.02%	70.55%	64.85%	93.73%	Upgrade
Buyback Yield / Dilution	1.17%	0.34%	-	-	-	-	Upgrade
Total Shareholder Return	5.26%	0.34%	5.31%	4.63%	4.75%	4.38%	Upgrade

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