Garda Property Group
Garda Property Group (ASX: GDF) (Garda) is an industrial real estate investor, developer and active manager with investments predominately in Brisbane. As at 30 June 2024, Garda had $509 million of investments between industrial properties (83%) and commercial office properties (17%).
Garda Property Group (GDF) - Net Assets
Latest net assets as of December 2025: AU$321.19 Million AUD
Based on the latest financial reports, Garda Property Group (GDF) has net assets worth AU$321.19 Million AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$433.47 Million) and total liabilities (AU$112.27 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$321.19 Million |
| % of Total Assets | 74.1% |
| Annual Growth Rate | 14.86% |
| 5-Year Change | 6.69% |
| 10-Year Change | 193.24% |
| Growth Volatility | 47.16 |
Garda Property Group - Net Assets Trend (2011–2025)
This chart illustrates how Garda Property Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Garda Property Group (2011–2025)
The table below shows the annual net assets of Garda Property Group from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$322.16 Million | -5.95% |
| 2024-06-30 | AU$342.56 Million | -16.12% |
| 2023-06-30 | AU$408.37 Million | -4.62% |
| 2022-06-30 | AU$428.14 Million | +41.78% |
| 2021-06-30 | AU$301.97 Million | +7.63% |
| 2020-06-30 | AU$280.56 Million | +16.59% |
| 2019-06-30 | AU$240.64 Million | +18.78% |
| 2018-06-30 | AU$202.59 Million | +10.76% |
| 2017-06-30 | AU$182.91 Million | +66.49% |
| 2016-06-30 | AU$109.86 Million | +7.78% |
| 2015-06-30 | AU$101.93 Million | +171.86% |
| 2014-06-30 | AU$37.49 Million | -22.46% |
| 2013-06-30 | AU$48.35 Million | +7.17% |
| 2012-06-30 | AU$45.12 Million | -2.59% |
| 2011-06-30 | AU$46.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Garda Property Group'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 2518900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$342.88 Million | 106.43% |
| Other Comprehensive Income | AU$4.47 Million | 1.39% |
| Total Equity | AU$322.16 Million | 100.00% |
Garda Property Group Competitors by Market Cap
The table below lists competitors of Garda Property Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RTX A/S
CO:RTX
|
$82.60 Million |
|
Apogee Optocom Co Ltd
TW:6426
|
$82.64 Million |
|
CHEERWIN GRP. -0000002
F:1RQ
|
$82.65 Million |
|
Orion Minerals Ltd
AU:ORN
|
$82.67 Million |
|
Puravankara Limited
NSE:PURVA
|
$82.55 Million |
|
Cogstate Limited
OTCQX:COGZF
|
$82.54 Million |
|
Leifheit AG
LSE:0F2Z
|
$82.54 Million |
|
Allianz Ayudhya Capital Public Company Limited
BK:AYUD
|
$82.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Garda Property Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 342,557,000 to 322,163,000, a change of -20,394,000 (-6.0%).
- Net loss of 6,111,000 reduced equity.
- Dividend payments of 14,068,000 reduced retained earnings.
- Share repurchases of 7,000 reduced equity.
- Other comprehensive income increased equity by 264,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-6.11 Million | -1.9% |
| Dividends Paid | AU$14.07 Million | -4.37% |
| Share Repurchases | AU$7.00K | -0.0% |
| Other Comprehensive Income | AU$264.00K | +0.08% |
| Other Changes | AU$-472.00K | -0.15% |
| Total Change | AU$- | -5.95% |
Book Value vs Market Value Analysis
This analysis compares Garda Property Group'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: 0.72x
- 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 0.55x to 0.72x 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$2.11 | AU$1.15 | x |
| 2014-06-30 | AU$1.59 | AU$1.15 | x |
| 2015-06-30 | AU$4.30 | AU$1.15 | x |
| 2016-06-30 | AU$1.11 | AU$1.15 | x |
| 2017-06-30 | AU$0.65 | AU$1.15 | x |
| 2018-06-30 | AU$0.85 | AU$1.15 | x |
| 2019-06-30 | AU$1.42 | AU$1.15 | x |
| 2020-06-30 | AU$1.35 | AU$1.15 | x |
| 2021-06-30 | AU$1.36 | AU$1.15 | x |
| 2022-06-30 | AU$1.92 | AU$1.15 | x |
| 2023-06-30 | AU$1.96 | AU$1.15 | x |
| 2024-06-30 | AU$1.66 | AU$1.15 | x |
| 2025-06-30 | AU$1.61 | AU$1.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Garda Property Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -24.22%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.86x
- Recent ROE (-1.90%) is below the historical average (4.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 1.92% | 4.15% | 0.12x | 3.83x | AU$-3.67 Million |
| 2014 | -30.34% | -55.61% | 0.12x | 4.55x | AU$-13.87 Million |
| 2015 | -6.31% | -36.15% | 0.12x | 1.44x | AU$-16.29 Million |
| 2016 | 16.85% | 104.43% | 0.11x | 1.48x | AU$7.27 Million |
| 2017 | 14.81% | 100.93% | 0.10x | 1.48x | AU$6.53 Million |
| 2018 | 13.58% | 125.40% | 0.07x | 1.63x | AU$6.37 Million |
| 2019 | 13.26% | 113.48% | 0.07x | 1.64x | AU$7.07 Million |
| 2020 | 1.98% | 18.70% | 0.06x | 1.70x | AU$-22.49 Million |
| 2021 | 11.82% | 116.22% | 0.06x | 1.72x | AU$5.49 Million |
| 2022 | 32.82% | 416.18% | 0.05x | 1.62x | AU$97.70 Million |
| 2023 | -1.21% | -15.62% | 0.05x | 1.58x | AU$-45.77 Million |
| 2024 | -12.53% | -139.05% | 0.05x | 1.65x | AU$-77.18 Million |
| 2025 | -1.90% | -24.22% | 0.04x | 1.86x | AU$-38.33 Million |
Industry Comparison
This section compares Garda Property Group's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $168,969,755
- Average return on equity (ROE) among peers: -15.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Garda Property Group (GDF) | AU$321.19 Million | 1.92% | 0.35x | $82.58 Million |
| Acumentis Group Ltd (ACU) | $8.49 Million | 20.67% | 0.85x | $5.27 Million |
| The Agency Group Australia Ltd (AU1) | $4.30 Million | -14.18% | 0.02x | $1.78 Million |
| Desane Group Holdings Ltd (DGH) | $30.55 Million | 16.59% | 0.74x | $4.40 Million |
| Elanor Commercial Property Fund (ECF) | $264.19 Million | -10.11% | 0.80x | $56.88 Million |
| Eildon Capital Group (EDC) | $54.72 Million | 4.10% | 0.08x | $17.75 Million |
| Eureka Group Holdings Ltd (EGH) | $74.70 Million | -0.37% | 0.78x | $85.01 Million |
| GDI Property Group (GDI) | $764.96 Million | 2.18% | 0.48x | $178.47 Million |
| Ldr Capital Property Fund (LED) | $317.80 Million | -10.12% | 0.65x | $56.88 Million |
| Openn Negotiation Ltd (OPN) | $1.01 Million | -146.29% | 0.16x | $4.20 Million |