Heiwa Real Estate REIT Ratios and Metrics

Market cap in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Apr '26 Apr 27, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021	2020 - 2016
Market Capitalization	185,352	152,593	150,181	168,953	153,820	162,889	Upgrade
Market Cap Growth	23.30%	1.61%	-11.11%	9.84%	-5.57%	54.63%	Upgrade
Enterprise Value	299,524	254,853	249,933	258,669	234,564	238,666	Upgrade
Last Close Price	148100.00	124576.69	119917.48	132568.38	122400.42	131556.34	Upgrade
PE Ratio	17.96	16.99	18.93	23.72	24.95	26.31	Upgrade
PS Ratio	8.89	7.95	8.64	10.64	10.83	11.80	Upgrade
PB Ratio	1.39	1.22	1.26	1.50	1.47	1.71	Upgrade
P/OCF Ratio	10.78	10.48	11.93	16.18	12.16	15.64	Upgrade
EV/Sales Ratio	14.36	13.27	14.37	16.28	16.52	17.29	Upgrade
EV/EBITDA Ratio	21.80	20.57	22.56	25.85	26.37	26.83	Upgrade
EV/EBIT Ratio	25.95	24.86	27.83	32.20	33.65	34.16	Upgrade
Debt / Equity Ratio	0.96	1.00	0.96	0.97	0.93	0.93	Upgrade
Debt / EBITDA Ratio	9.34	10.16	10.29	10.98	10.88	9.93	Upgrade
Net Debt / Equity Ratio	0.86	0.89	0.86	0.86	0.79	0.86	Upgrade
Net Debt / EBITDA Ratio	8.31	9.06	9.22	9.73	9.24	9.15	Upgrade
Asset Turnover	-	0.08	0.07	0.07	0.07	0.07	Upgrade
Quick Ratio	0.75	0.78	0.70	0.76	0.96	0.49	Upgrade
Current Ratio	1.01	1.05	0.96	0.99	1.27	0.97	Upgrade
Return on Equity (ROE)	-	7.34%	6.85%	6.55%	6.17%	6.48%	Upgrade
Return on Assets (ROA)	-	2.53%	2.36%	2.27%	2.17%	2.30%	Upgrade
Return on Invested Capital (ROIC)	4.41%	4.23%	3.94%	3.79%	3.62%	3.84%	Upgrade
Earnings Yield	5.44%	5.88%	5.28%	4.22%	4.01%	3.80%	Upgrade
Dividend Yield	5.43%	6.01%	-	4.75%	4.85%	4.17%	Upgrade
Payout Ratio	88.71%	91.72%	92.16%	94.12%	94.93%	85.07%	Upgrade
Buyback Yield / Dilution	-4.37%	-3.92%	-3.26%	-5.50%	-5.22%	1.15%	Upgrade
Total Shareholder Return	1.06%	2.09%	-3.26%	-0.75%	-0.37%	5.32%	Upgrade

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