MERLIN Properties SOCIMI Ratios and Metrics

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Mar '26 Mar 6, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Market Capitalization	8,003	6,996	5,714	4,712	4,109	4,468	Upgrade
Market Cap Growth	34.25%	22.43%	21.28%	14.67%	-8.04%	23.56%	Upgrade
Enterprise Value	11,860	10,811	9,142	8,870	7,985	10,178	Upgrade
Last Close Price	14.17	12.40	9.73	9.44	7.92	7.66	Upgrade
PE Ratio	10.18	8.90	20.14	-	15.62	8.72	Upgrade
PS Ratio	14.12	12.34	11.23	9.34	8.87	10.71	Upgrade
PB Ratio	0.99	0.87	0.76	0.72	0.60	0.64	Upgrade
P/OCF Ratio	19.26	16.83	18.04	20.67	18.50	27.50	Upgrade
EV/Sales Ratio	20.92	19.07	17.97	17.57	17.24	24.38	Upgrade
EV/EBITDA Ratio	27.74	25.29	23.46	22.49	22.66	32.38	Upgrade
EV/EBIT Ratio	28.07	25.59	23.73	22.61	22.78	32.58	Upgrade
Debt / Equity Ratio	0.63	0.63	0.66	0.69	0.62	0.89	Upgrade
Debt / EBITDA Ratio	11.86	11.86	12.69	11.49	12.06	19.94	Upgrade
Net Debt / Equity Ratio	0.48	0.48	0.45	0.62	0.56	0.76	Upgrade
Net Debt / EBITDA Ratio	9.02	9.02	8.70	10.32	10.84	16.92	Upgrade
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.03	Upgrade
Quick Ratio	1.11	1.11	1.92	2.44	0.50	1.34	Upgrade
Current Ratio	1.18	1.18	2.01	2.77	0.56	1.41	Upgrade
Return on Equity (ROE)	10.09%	10.09%	4.04%	-1.25%	0.60%	5.76%	Upgrade
Return on Assets (ROA)	1.91%	1.91%	1.89%	2.03%	1.66%	1.41%	Upgrade
Return on Invested Capital (ROIC)	3.10%	3.19%	3.14%	3.54%	2.47%	2.38%	Upgrade
Earnings Yield	9.82%	11.24%	4.97%	-1.77%	6.40%	11.46%	Upgrade
Dividend Yield	2.67%	-	4.11%	2.21%	5.58%	2.25%	Upgrade
Payout Ratio	15.69%	15.69%	37.06%	-	39.63%	13.67%	Upgrade
Buyback Yield / Dilution	-10.37%	-10.37%	-8.87%	-0.09%	-0.32%	0.69%	Upgrade
Total Shareholder Return	-7.70%	-10.37%	-4.76%	2.11%	5.26%	2.95%	Upgrade

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