Neuberger Real Estate Securities Income Fund Inc Financial Ratios — NRO

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Return on Common Equity (%)	- -	- -	- -	7.79	0.08	6.11	4.15	-3.52	23.67	-30.85	38.27	-34.23	-0.82	37.13	-3.18
Return on Assets (%)	4.85	14.97	7.07	11.31	0.11	7.41	3.62	-2.48	17	-23.37	30.2	-25.94	-0.6	28.36	-2.43
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	12.11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	94.86	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	94.86	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	234.41	101.21	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	92.67	97.65	91.01	94.86	14.92	92.11	87.57	116.75	97.83	101.46	98.75	101.59	425.18	98.5	128.25
Profit Margin (%)	92.67	97.65	91.01	94.86	14.92	92.11	87.57	116.75	97.83	101.46	98.75	101.59	425.18	98.5	128.25
Net Income to Common Margin (%)	97.57	97.63	91.01	94.86	14.92	92.11	87.57	116.75	97.83	101.46	98.75	101.59	425.18	98.5	128.25
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	78.38	23.75	46.97	26.85	4,072.43	64.77	318.51	-278.9	36.9	-31.88	22.29	-25.22	-1,433.48	28.92	-347.98
Sustainable Growth Rate (%)	- -	- -	- -	5.7	-3.07	2.15	-9.07	-13.34	14.94	-40.69	29.74	-42.86	-12.54	26.39	-14.25

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Total Debt	100	80	80	100	100	100	125	100	100	45	70	60	50	50	70
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	100	80	80	100	100	100	125	100	100	45	70	60	50	50	70
Total Debt/EBITDA	- -	- -	- -	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	-0.07	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	-0.07	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-120.67	-108.66	155.13	136.58	141.27	101.78	70.46	70.47	73.05	80.24	77.93	72.71	73.79	78.51	74.51
Long-Term Debt/Equity (%)	38.88	27.7	26.32	29.37	31.17	30.07	45.44	41.63	35.87	24.39	28.11	37.24	35.18	26.98	33.92
Long-Term Debt/Capital (%)	-29.5	-22.95	11.11	13.48	13.68	17.65	30.6	29.4	26.4	19.6	21.94	27.13	26.03	21.25	25.33
Long-Term Debt/Total Assets (%)	27.48	20.28	19.4	21.28	22.39	21.81	31.07	29.34	26.2	19.57	21.91	27.07	25.96	21.18	25.27
Total Debt/Equity (%)	38.88	27.7	26.32	29.37	31.17	30.07	45.44	41.63	35.87	24.39	28.11	37.24	35.18	26.98	33.92
Total Debt/Capital (%)	-29.5	-22.95	11.11	13.48	13.68	17.65	30.6	29.4	26.4	19.6	21.94	27.13	26.03	21.25	25.33
Total Debt/Total Assets (%)	27.48	20.28	19.4	21.28	22.39	21.81	31.07	29.34	26.2	19.57	21.91	27.07	25.96	21.18	25.27
Net Debt to Equity	- -	- -	- -	-1.03	- -	- -	-0.51	-0.03	- -	- -	- -	- -	- -	-0.06	- -
Net Debt/Capital (%)	- -	- -	- -	-0.47	- -	- -	-0.35	-0.02	- -	- -	- -	- -	- -	-0.05	- -
EBITDA	- -	- -	- -	50	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	50	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	50	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-120.67	-108.66	155.13	136.58	141.27	101.78	70.46	70.47	73.05	80.24	77.93	72.71	73.79	78.51	74.51
Long-Term Debt/Equity (%)	38.88	27.7	26.32	29.37	31.17	30.07	45.44	41.63	35.87	24.39	28.11	37.24	35.18	26.98	33.92
Long-Term Debt/Capital (%)	-29.5	-22.95	11.11	13.48	13.68	17.65	30.6	29.4	26.4	19.6	21.94	27.13	26.03	21.25	25.33
Long-Term Debt/Total Assets (%)	27.48	20.28	19.4	21.28	22.39	21.81	31.07	29.34	26.2	19.57	21.91	27.07	25.96	21.18	25.27
Total Debt/Equity (%)	38.88	27.7	26.32	29.37	31.17	30.07	45.44	41.63	35.87	24.39	28.11	37.24	35.18	26.98	33.92
Total Debt/Capital (%)	-29.5	-22.95	11.11	13.48	13.68	17.65	30.6	29.4	26.4	19.6	21.94	27.13	26.03	21.25	25.33
Total Debt/Total Assets (%)	27.48	20.28	19.4	21.28	22.39	21.81	31.07	29.34	26.2	19.57	21.91	27.07	25.96	21.18	25.27
CFO/Total Liabilities	50.98	20.35	12.42	-2.4	13.16	17.26	58.67	49.08	21.96	171.16	-9.23	45.8	55.02	34.88	-67.16
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	-1.63	-1.37	0.07	0.47	0.01	0.08	0.04	-0.14	0.25	-0.63	0.37	-0.63	-0.42	0.25	-0.09

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Accounts Receivable Turnover

- -

Days Sales Outstanding

- -

Inventory Turnover

- -

Days Inventory Outstanding

- -

Accounts Payable Turnover

- -

Accounts Payable Turnover Days

- -

Cash Conversion Cycle

- -

Inventory to Cash Days

- -

Inventories

- -

Raw Materials

- -

Work In Process

- -

Finished Goods

- -

Other Inventory

- -

Enterprise Value (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	- -	- -	- -	4	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	100	80	80	100	100	100	125	100	100	45	70	60	50	50	70
Enterprise Value	100	80	80	96	100	100	124	100	100	45	70	60	50	50	70
Total Capital	-339	-349	720	742	731	567	408	340	379	230	319	221	192	235	276
Total Debt/Capital (%)	-29.5	-22.95	11.11	13.48	13.68	17.65	30.6	29.4	26.4	19.6	21.94	27.13	26.03	21.25	25.33
Total Debt / EV	1	1	1	1.04	1	1	1.01	1	1	1	1	1	1	1	1
EV/Sales	4.99	1.38	2.55	1.83	30.28	2.75	6.95	- -	1.59	- -	0.83	- -	- -	0.81	- -
EV/EBITDA	- -	- -	- -	1.93	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	1.93	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	1.84	3.72	5.94	- -	6.04	4.6	1.66	2.02	4.43	0.58	- -	2.17	1.8	2.82	- -
EV/Free Cash Flow to Firm	1.84	3.72	5.94	- -	6.04	4.6	1.66	2.02	4.43	0.58	- -	2.17	1.8	2.82	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	100	80	80	96	100	100	124	100	100	45	70	60	50	50	70
EV per Share	1.67	1.4	1.4	1.68	1.99	1.78	2.56	2.12	2.07	0.93	1.44	1.24	1.03	1.03	- -
TTM Sales	20	58	31	53	3	36	18	-8	63	-70	84	-69	- -	62	-5
TTM EBITDA	- -	- -	- -	50	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	50	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	54	21	13	-3	17	22	75	49	23	78	-7	28	28	18	-47
TTM Free Cash Flow to Firm	54	21	13	-3	17	22	75	49	23	78	-7	28	28	18	-47

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	1.93	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	100	80	80	96	100	100	124	100	100	45	70	60	50	50	70
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	4.99	1.38	2.55	1.83	30.28	2.75	6.95	- -	1.59	- -	0.83	- -	- -	0.81	- -
EV/EBITDA	- -	- -	- -	1.93	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	4.99	1.38	2.55	1.83	30.28	2.75	6.95	- -	1.59	- -	0.83	- -	- -	0.81	- -
EV/Sales High	4.99	1.38	2.55	1.83	30.28	2.75	6.95	- -	1.59	- -	0.83	- -	- -	0.81	- -
EV/Sales Low	4.99	1.38	2.55	1.83	30.28	2.75	6.95	- -	1.59	- -	0.83	- -	- -	0.81	- -
EV/EBITDA Average	- -	- -	- -	1.93	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	1.93	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	1.93	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	1.93	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	1.93	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	1.93	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value Average	100	80	80	96	100	100	124	100	100	45	70	60	50	50	70
Enterprise Value High	100	80	80	96	100	100	124	100	100	45	70	60	50	50	70
Enterprise Value Low	100	80	80	96	100	100	124	100	100	45	70	60	50	50	70

Shares Outstanding	60	57	57	57	57	57	48	48	48	48	49	49	49	49	63
Diluted Weighted Avg Shares	60	57	57	57	50	56	48	47	48	48	48	49	49	49	- -
Basic Weighted Avg Shares	60	57	57	57	50	56	48	47	48	48	48	49	49	49	- -
Revenue per Share	0.33	1.02	0.55	0.92	0.07	0.65	0.37	-0.17	1.3	-1.46	1.73	-1.42	-0.01	1.27	- -
EBITDA per Share	- -	- -	- -	0.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	0.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.33	0.99	0.5	0.87	0.01	0.6	0.32	-0.2	1.27	-1.48	1.71	-1.45	-0.03	1.25	- -
Basic EPS from Cont Ops	0.31	0.99	0.5	0.87	0.01	0.6	0.32	-0.2	1.27	-1.48	1.71	-1.45	-0.03	1.25	- -
Diluted EPS, GAAP	0.33	0.99	0.5	0.87	0.01	0.6	0.32	-0.2	1.27	-1.48	1.71	-1.45	-0.03	1.25	- -
Diluted EPS from Cont Ops	0.31	0.99	0.5	0.87	0.01	0.6	0.32	-0.2	1.27	-1.48	1.71	-1.45	-0.03	1.25	- -
Dividend per Share	0.24	0.24	0.23	0.23	0.4	0.39	1.03	0.55	0.47	0.47	0.38	0.36	0.37	0.36	- -
Cash Flow per Share	0.91	0.38	0.24	-0.05	0.33	0.39	1.55	1.05	0.47	1.61	-0.13	0.57	0.57	0.36	- -
Free Cash Flow per Basic Share	0.91	0.38	0.24	-0.05	0.33	0.39	1.55	1.05	0.47	1.61	-0.13	0.57	0.57	0.36	- -
Cash & Equivalents per Share	- -	- -	- -	0.06	- -	- -	0.03	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	-7.31	-7.51	11.19	11.19	12.53	8.31	5.87	5.09	5.77	3.81	5.14	3.32	2.93	3.82	- -
Tangible Book Value per Share	4.28	5.06	5.32	5.94	6.37	5.92	5.7	5.09	5.77	3.81	5.14	3.32	2.93	3.82	- -

Neuberger Real Estate Securities Income Fund Inc

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