Elanor Commercial Property Fund (ECF) - Net Assets
Based on the latest financial reports, Elanor Commercial Property Fund (ECF) has net assets worth AU$279.69 Million AUD (≈ $197.90 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$492.96 Million ≈ $348.80 Million USD) and total liabilities (AU$213.27 Million ≈ $150.90 Million 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 Elanor Commercial Property Fund (ECF) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$279.69 Million |
| % of Total Assets | 56.74% |
| Annual Growth Rate | 34.96% |
| 5-Year Change | 14.88% |
| 10-Year Change | N/A |
| Growth Volatility | 64.94 |
Elanor Commercial Property Fund - Net Assets Trend (2017–2025)
This chart illustrates how Elanor Commercial Property Fund's net assets have evolved over time, based on quarterly financial data. Also explore ECF total assets for the complete picture of this company's asset base.
Annual Net Assets for Elanor Commercial Property Fund (2017–2025)
The table below shows the annual net assets of Elanor Commercial Property Fund from 2017 to 2025. For live valuation and market cap data, see market cap of Elanor Commercial Property Fund.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$279.69 Million ≈ $197.90 Million |
+5.87% |
| 2024-06-30 | AU$264.19 Million ≈ $186.93 Million |
-16.87% |
| 2023-06-30 | AU$317.80 Million ≈ $224.86 Million |
-16.31% |
| 2022-06-30 | AU$379.73 Million ≈ $268.69 Million |
+55.97% |
| 2021-06-30 | AU$243.46 Million ≈ $172.27 Million |
+2.98% |
| 2020-06-30 | AU$236.42 Million ≈ $167.28 Million |
+85.14% |
| 2019-06-30 | AU$127.70 Million ≈ $90.36 Million |
+187.38% |
| 2018-06-30 | AU$44.44 Million ≈ $31.44 Million |
+74.82% |
| 2017-06-30 | AU$25.42 Million ≈ $17.98 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Elanor Commercial Property 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 12269600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$390.12 Million | 148.02% |
| Total Equity | AU$263.56 Million | 100.00% |
Elanor Commercial Property Fund Competitors by Market Cap
The table below lists competitors of Elanor Commercial Property Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YESASIA HOLDINGS LTD
F:4CM
|
$154.12 Million |
|
Vitro S.A.B. de C.V
MX:VITROA
|
$154.19 Million |
|
Desa Deri Sanayi ve Ticaret AS
IS:DESA
|
$154.20 Million |
|
AGV Products Corp
TW:1217
|
$154.24 Million |
|
Red Planet Indonesia Tbk
JK:PSKT
|
$154.06 Million |
|
FIT Holding Co Ltd
TW:3712
|
$154.00 Million |
|
Temapol Polimer Plastik ve Insaat Sanayi Ticaret AS
IS:TMPOL
|
$153.98 Million |
|
ALM Equity AB Pfd.
ST:ALM-PREF
|
$153.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Elanor Commercial Property Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 264,187,000 to 263,561,999, a change of -625,001 (-0.2%).
- Net loss of 3,444,000 reduced equity.
- Dividend payments of 27,926,000 reduced retained earnings.
- Share repurchases of 2,731,000 reduced equity.
- New share issuances of 52,459,000 increased equity.
- Other factors decreased equity by 18,983,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-3.44 Million | -1.31% |
| Dividends Paid | AU$27.93 Million | -10.6% |
| Share Repurchases | AU$2.73 Million | -1.04% |
| Share Issuances | AU$52.46 Million | +19.9% |
| Other Changes | AU$-18.98 Million | -7.2% |
| Total Change | AU$- | -0.24% |
Book Value vs Market Value Analysis
This analysis compares Elanor Commercial Property 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: 0.76x
- 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 0.48x to 0.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | AU$1.12 | AU$0.54 | x |
| 2018-06-30 | AU$1.96 | AU$0.54 | x |
| 2019-06-30 | AU$0.41 | AU$0.54 | x |
| 2020-06-30 | AU$1.47 | AU$0.54 | x |
| 2021-06-30 | AU$1.18 | AU$0.54 | x |
| 2022-06-30 | AU$1.38 | AU$0.54 | x |
| 2023-06-30 | AU$1.00 | AU$0.54 | x |
| 2024-06-30 | AU$0.83 | AU$0.54 | x |
| 2025-06-30 | AU$0.70 | AU$0.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Elanor Commercial Property Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.90%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.87x
- Recent ROE (-1.31%) is below the historical average (4.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 5.72% | 62.44% | 0.05x | 2.03x | AU$-1.09 Million |
| 2018 | 7.96% | 63.26% | 0.06x | 2.04x | AU$-908.50K |
| 2019 | 22.31% | 73.19% | 0.10x | 3.10x | AU$10.58 Million |
| 2020 | -1.54% | -10.82% | 0.09x | 1.62x | AU$-27.29 Million |
| 2021 | 12.84% | 78.08% | 0.10x | 1.62x | AU$6.91 Million |
| 2022 | 11.57% | 93.40% | 0.08x | 1.53x | AU$5.97 Million |
| 2023 | -10.12% | -63.64% | 0.10x | 1.65x | AU$-63.96 Million |
| 2024 | -10.11% | -52.69% | 0.11x | 1.80x | AU$-53.12 Million |
| 2025 | -1.31% | -6.90% | 0.10x | 1.87x | AU$-29.80 Million |
Industry Comparison
This section compares Elanor Commercial Property Fund's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $141,048,068
- Average return on equity (ROE) among peers: -69.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Elanor Commercial Property Fund (ECF) | AU$279.69 Million | 5.72% | 0.76x | $154.07 Million |
| Acumentis Group Ltd (ACU) | $6.67 Million | 11.67% | 0.52x | $13.25 Million |
| The Agency Group Australia Ltd (AU1) | $559.95K | -668.28% | 16.48x | $9.95 Million |
| Desane Group Holdings Ltd (DGH) | $23.23 Million | 7.73% | 0.88x | $22.87 Million |
| Eildon Capital Group (EDC) | $44.59 Million | 9.18% | 0.04x | $26.72 Million |
| Eureka Group Holdings Ltd (EGH) | $154.24 Million | 8.56% | 0.78x | $172.04 Million |
| FBR Ltd (FBR) | $-467.28K | 0.00% | 0.00x | $19.71 Million |
| Garda Property Group (GDF) | $280.56 Million | 1.98% | 0.70x | $151.87 Million |
| GDI Property Group (GDI) | $760.70 Million | 2.10% | 0.31x | $232.99 Million |
| Openn Negotiation Ltd (OPN) | $-663.01K | 0.00% | 0.00x | $6.78 Million |
About Elanor Commercial Property Fund
Elanor Commercial Property Fund (ASX: ECF) is an externally managed real estate investment trust that invests in Australian commercial office assets. It was listed on the ASX in 2019 and currently owns 7 office assets with a combined valuation of $374 million.