Hankyu Hanshin REIT Ratios and Metrics

Market cap in millions JPY. Fiscal year is December - November.

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Mar '26 Mar 9, 2026	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021	2020 - 2016
Market Capitalization	105,948	120,895	82,034	98,232	106,157	109,981	Upgrade
Market Cap Growth	16.60%	47.37%	-16.49%	-7.47%	-3.48%	31.29%	Upgrade
Enterprise Value	187,441	203,365	163,515	173,625	176,645	180,832	Upgrade
Last Close Price	152400.00	173900.00	113168.32	129010.12	133635.24	133061.70	Upgrade
PE Ratio	22.10	25.22	19.17	23.17	25.35	26.74	Upgrade
PS Ratio	8.20	9.36	6.75	8.38	9.38	9.65	Upgrade
PB Ratio	1.22	1.39	0.95	1.13	1.23	1.27	Upgrade
P/OCF Ratio	4.56	5.21	12.85	15.65	7.90	15.46	Upgrade
EV/Sales Ratio	14.51	15.74	13.45	14.81	15.61	15.87	Upgrade
EV/EBITDA Ratio	24.45	26.53	23.36	25.31	26.33	26.51	Upgrade
EV/EBIT Ratio	33.49	36.34	32.55	35.42	37.06	38.20	Upgrade
Debt / Equity Ratio	1.00	1.00	1.00	0.93	0.87	0.88	Upgrade
Debt / EBITDA Ratio	11.32	11.32	12.44	11.71	11.29	11.11	Upgrade
Net Debt / Equity Ratio	0.94	0.94	0.94	0.86	0.82	0.81	Upgrade
Net Debt / EBITDA Ratio	10.63	10.63	11.64	10.87	10.60	10.28	Upgrade
Asset Turnover	0.07	0.07	0.07	0.07	0.07	0.07	Upgrade
Inventory Turnover	-	-	-	-	4023.03	3276.72	Upgrade
Quick Ratio	0.58	0.58	0.48	0.65	0.52	0.47	Upgrade
Current Ratio	1.24	1.24	0.98	1.28	1.14	0.95	Upgrade
Return on Equity (ROE)	5.52%	5.52%	4.93%	4.89%	4.83%	4.75%	Upgrade
Return on Assets (ROA)	1.91%	1.91%	1.75%	1.77%	1.74%	1.73%	Upgrade
Return on Invested Capital (ROIC)	3.22%	3.22%	2.94%	2.97%	2.93%	2.91%	Upgrade
Earnings Yield	4.52%	3.96%	5.22%	4.32%	3.94%	3.74%	Upgrade
Dividend Yield	4.32%	-	5.46%	-	4.47%	4.45%	Upgrade
Payout Ratio	93.84%	93.84%	98.80%	99.34%	97.45%	101.65%	Upgrade
Total Shareholder Return	4.32%	-	5.46%	-	4.47%	4.45%	Upgrade

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