SBR tangible book value per share history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

Sabine Royalty Trust Common Stock Tangible Book Value Per Share — Annual fiscal periods
Period ending	Tangible Book Value Per Share
Dec 31, 2025	0.4697
Dec 31, 2024	0.5972
Dec 31, 2023	0.5871
Dec 31, 2022	0.7826
Dec 31, 2021	1.0227
Dec 31, 2020	0.2735
Dec 31, 2019	0.3874
Dec 31, 2018	0.3887
Dec 31, 2017	0.3151
Dec 31, 2016	0.3034
Dec 31, 2015	0.3553
Dec 31, 2014	0.3111
Dec 31, 2013	0.3865
Dec 31, 2012	0.279
Dec 31, 2011	0.3947
Dec 31, 2010	0.3489
Dec 31, 2009	0.3564
Dec 31, 2008	0.462
Dec 31, 2007	0.3994
Dec 31, 2006	0.3428
Dec 31, 2005	0.4833
Dec 31, 2004	0.3102
Dec 31, 2003	0.3224
Dec 31, 2002	0.3157
Dec 31, 2001	0.3894
Dec 31, 2000	0.3294
Dec 31, 1999	0.3567
Dec 31, 1998	0.2949
Dec 31, 1997	0.4047
Dec 31, 1996	0.4047
Dec 31, 1995	0.3704
Dec 31, 1994	0.4207
Dec 31, 1993	0.5087
Dec 31, 1992	0.6036
Dec 31, 1991	0.6465
Dec 31, 1990	0.7485
Dec 31, 1989	0.7586
Dec 31, 1988	0.8545
Dec 31, 1987	1.0004
Dec 31, 1986	1.0862
Dec 31, 1985	1.2821