Australian Unity Office Fund (AOF) - Net Assets
Based on the latest financial reports, Australian Unity Office Fund (AOF) has net assets worth AU$69.79 Million AUD (≈ $49.38 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$70.61 Million ≈ $49.96 Million USD) and total liabilities (AU$815.00K ≈ $576.66K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Australian Unity Office Fund to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$69.79 Million |
| % of Total Assets | 98.85% |
| Annual Growth Rate | -5.09% |
| 5-Year Change | -83.59% |
| 10-Year Change | -73.38% |
| Growth Volatility | 27.24 |
Australian Unity Office Fund - Net Assets Trend (2011–2025)
This chart illustrates how Australian Unity Office Fund's net assets have evolved over time, based on quarterly financial data. Also explore how large is Australian Unity Office Fund's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Australian Unity Office Fund (2011–2025)
The table below shows the annual net assets of Australian Unity Office Fund from 2011 to 2025. For live valuation and market cap data, see market value of Australian Unity Office Fund.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$72.99 Million ≈ $51.64 Million |
-68.16% |
| 2024-06-30 | AU$229.23 Million ≈ $162.20 Million |
-26.91% |
| 2023-06-30 | AU$313.62 Million ≈ $221.91 Million |
-15.58% |
| 2022-06-30 | AU$371.49 Million ≈ $262.85 Million |
-16.49% |
| 2021-06-30 | AU$444.83 Million ≈ $314.75 Million |
+0.45% |
| 2020-06-30 | AU$442.83 Million ≈ $313.33 Million |
-2.46% |
| 2019-06-30 | AU$454.01 Million ≈ $321.24 Million |
+4.39% |
| 2018-06-30 | AU$434.91 Million ≈ $307.73 Million |
+38.63% |
| 2017-06-30 | AU$313.73 Million ≈ $221.98 Million |
+14.44% |
| 2016-06-30 | AU$274.15 Million ≈ $193.98 Million |
+48.37% |
| 2015-06-30 | AU$184.77 Million ≈ $130.74 Million |
+7.77% |
| 2014-06-30 | AU$171.45 Million ≈ $121.31 Million |
+18.22% |
| 2013-06-30 | AU$145.02 Million ≈ $102.61 Million |
+2.38% |
| 2012-06-30 | AU$141.65 Million ≈ $100.22 Million |
-6.62% |
| 2011-06-30 | AU$151.68 Million ≈ $107.33 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Australian Unity Office Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 30108000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$72.99 Million | 100.00% |
| Other Components | AU$301.08 Million | 412.51% |
| Total Equity | AU$72.99 Million | 100.00% |
Australian Unity Office Fund Competitors by Market Cap
The table below lists competitors of Australian Unity Office Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SKB Shutters Corporation Bhd
KLSE:7115
|
$42.49 Million |
|
Modernform Group Public Company Limited
BK:MODERN
|
$42.50 Million |
|
Azion Corporation
TWO:6148
|
$42.51 Million |
|
Coastal Corporation Limited
NSE:COASTCORP
|
$42.51 Million |
|
Woori SPAC 3
KQ:198440
|
$42.41 Million |
|
Recon Technology Ltd
NASDAQ:RCON
|
$42.38 Million |
|
Garden Stage Limited Ordinary Shares
NASDAQ:GSIW
|
$42.37 Million |
|
KCI Limited
KQ:036670
|
$42.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Australian Unity Office Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 229,232,000 to 72,987,000, a change of -156,245,000 (-68.2%).
- Net loss of 35,588,000 reduced equity.
- Dividend payments of 136,602,000 reduced retained earnings.
- Other factors increased equity by 15,945,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-35.59 Million | -48.76% |
| Dividends Paid | AU$136.60 Million | -187.16% |
| Other Changes | AU$15.95 Million | +21.85% |
| Total Change | AU$- | -68.16% |
Book Value vs Market Value Analysis
This analysis compares Australian Unity Office Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.82x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.41x to 0.82x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-06-30 | AU$0.88 | AU$0.37 | x |
| 2014-06-30 | AU$1.04 | AU$0.37 | x |
| 2015-06-30 | AU$1.12 | AU$0.37 | x |
| 2016-06-30 | AU$1.95 | AU$0.37 | x |
| 2017-06-30 | AU$2.23 | AU$0.37 | x |
| 2018-06-30 | AU$2.65 | AU$0.37 | x |
| 2019-06-30 | AU$2.79 | AU$0.37 | x |
| 2020-06-30 | AU$2.72 | AU$0.37 | x |
| 2021-06-30 | AU$2.72 | AU$0.37 | x |
| 2022-06-30 | AU$2.26 | AU$0.37 | x |
| 2023-06-30 | AU$1.91 | AU$0.37 | x |
| 2024-06-30 | AU$1.39 | AU$0.37 | x |
| 2025-06-30 | AU$0.44 | AU$0.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Australian Unity Office Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -48.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -502.30%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.08x
- Recent ROE (-48.76%) is below the historical average (0.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 11.28% | 45.15% | 0.11x | 2.25x | AU$1.85 Million |
| 2014 | 5.08% | 23.37% | 0.10x | 2.13x | AU$-8.44 Million |
| 2015 | 12.81% | 56.92% | 0.11x | 2.05x | AU$5.19 Million |
| 2016 | 6.80% | 43.56% | 0.11x | 1.48x | AU$-8.78 Million |
| 2017 | 19.33% | 168.27% | 0.08x | 1.42x | AU$29.26 Million |
| 2018 | 22.37% | 182.19% | 0.08x | 1.48x | AU$53.80 Million |
| 2019 | 9.87% | 76.11% | 0.09x | 1.49x | AU$-572.90K |
| 2020 | 2.99% | 23.01% | 0.08x | 1.53x | AU$-31.04 Million |
| 2021 | 5.23% | 45.71% | 0.08x | 1.46x | AU$-21.23 Million |
| 2022 | -13.02% | -103.66% | 0.08x | 1.49x | AU$-85.50 Million |
| 2023 | -1.42% | -14.04% | 0.09x | 1.14x | AU$-35.80 Million |
| 2024 | -26.78% | -247.79% | 0.10x | 1.10x | AU$-84.31 Million |
| 2025 | -48.76% | -502.30% | 0.09x | 1.08x | AU$-42.89 Million |
Industry Comparison
This section compares Australian Unity Office Fund's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $1,433,425,750
- Average return on equity (ROE) among peers: 13.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Australian Unity Office Fund (AOF) | AU$69.79 Million | 11.28% | 0.01x | $42.45 Million |
| Cromwell Property Group (CMW) | $49.69 Million | 23.13% | 1.26x | $759.74 Million |
| Centuria Office REIT (COF) | $235.26 Million | 3.01% | 0.40x | $382.50 Million |
| Dexus (DXS) | $4.72 Billion | 21.43% | 0.76x | $4.60 Billion |
| Growthpoint Properties Australia (GOZ) | $733.24 Million | 6.77% | 1.19x | $1.15 Billion |
About Australian Unity Office Fund
Australian Unity Office Fund (AOF) is an ASX-listed Real Estate Investment Trust (REIT). On 17 December 2024, Unitholders of the Australian Unity Office Fund (AOF) approved the disposal of AOF's main undertaking. On 22 April 2025 an update was provided on the settlement of properties and forecast guidance. The Fund is managed by Australian Unity Investment Real Estate Limited (AUIREL) as the Resp… Read more