GPT Group (GPT) - Net Assets
Based on the latest financial reports, GPT Group (GPT) has net assets worth AU$10.21 Billion AUD (≈ $7.22 Billion 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$15.91 Billion ≈ $11.26 Billion USD) and total liabilities (AU$5.70 Billion ≈ $4.04 Billion 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 GPT Group (GPT) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$10.21 Billion |
| % of Total Assets | 64.15% |
| Annual Growth Rate | 5.85% |
| 5-Year Change | -7.06% |
| 10-Year Change | 34.35% |
| Growth Volatility | 11.73 |
GPT Group - Net Assets Trend (1987–2024)
This chart illustrates how GPT Group's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of GPT Group for the complete picture of this company's asset base.
Annual Net Assets for GPT Group (1987–2024)
The table below shows the annual net assets of GPT Group from 1987 to 2024. For live valuation and market cap data, see GPT Group stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$10.11 Billion ≈ $7.15 Billion |
-6.10% |
| 2023-12-31 | AU$10.77 Billion ≈ $7.62 Billion |
-6.18% |
| 2022-12-31 | AU$11.48 Billion ≈ $8.12 Billion |
-1.69% |
| 2021-12-31 | AU$11.67 Billion ≈ $8.26 Billion |
+7.32% |
| 2020-12-31 | AU$10.88 Billion ≈ $7.70 Billion |
-3.97% |
| 2019-12-31 | AU$11.33 Billion ≈ $8.01 Billion |
+12.14% |
| 2018-12-31 | AU$10.10 Billion ≈ $7.15 Billion |
+10.92% |
| 2017-12-31 | AU$9.11 Billion ≈ $6.44 Billion |
+9.95% |
| 2016-12-31 | AU$8.28 Billion ≈ $5.86 Billion |
+10.06% |
| 2015-12-31 | AU$7.53 Billion ≈ $5.32 Billion |
+8.56% |
| 2014-12-31 | AU$6.93 Billion ≈ $4.90 Billion |
+3.23% |
| 2013-12-31 | AU$6.71 Billion ≈ $4.75 Billion |
-2.35% |
| 2012-12-31 | AU$6.88 Billion ≈ $4.87 Billion |
+1.32% |
| 2011-12-31 | AU$6.79 Billion ≈ $4.80 Billion |
-2.42% |
| 2010-12-31 | AU$6.95 Billion ≈ $4.92 Billion |
+4.29% |
| 2009-12-31 | AU$6.67 Billion ≈ $4.72 Billion |
-2.11% |
| 2008-12-31 | AU$6.81 Billion ≈ $4.82 Billion |
-17.88% |
| 2007-12-31 | AU$8.30 Billion ≈ $5.87 Billion |
+11.47% |
| 2006-12-31 | AU$7.44 Billion ≈ $5.27 Billion |
+16.77% |
| 2005-12-31 | AU$6.37 Billion ≈ $4.51 Billion |
+4.59% |
| 2004-12-31 | AU$6.09 Billion ≈ $4.31 Billion |
+14.63% |
| 2003-12-31 | AU$5.32 Billion ≈ $3.76 Billion |
+4.77% |
| 2002-12-31 | AU$5.07 Billion ≈ $3.59 Billion |
+4.85% |
| 2001-12-31 | AU$4.84 Billion ≈ $3.42 Billion |
+6.97% |
| 2000-12-31 | AU$4.52 Billion ≈ $3.20 Billion |
+17.32% |
| 1999-12-31 | AU$3.86 Billion ≈ $2.73 Billion |
+9.87% |
| 1998-12-31 | AU$3.51 Billion ≈ $2.48 Billion |
+10.81% |
| 1997-12-31 | AU$3.17 Billion ≈ $2.24 Billion |
+10.65% |
| 1996-12-31 | AU$2.86 Billion ≈ $2.03 Billion |
+47.61% |
| 1995-12-31 | AU$1.94 Billion ≈ $1.37 Billion |
+7.64% |
| 1994-12-31 | AU$1.80 Billion ≈ $1.27 Billion |
+13.21% |
| 1993-12-31 | AU$1.59 Billion ≈ $1.13 Billion |
+2.47% |
| 1992-12-31 | AU$1.55 Billion ≈ $1.10 Billion |
-1.82% |
| 1991-12-31 | AU$1.58 Billion ≈ $1.12 Billion |
-13.09% |
| 1990-12-31 | AU$1.82 Billion ≈ $1.29 Billion |
+7.66% |
| 1989-12-31 | AU$1.69 Billion ≈ $1.20 Billion |
+36.96% |
| 1987-12-31 | AU$1.23 Billion ≈ $873.17 Million |
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Equity Component Analysis
This analysis shows how different components contribute to GPT 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 grown by 302007.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$1.23 Billion | 12.19% |
| Common Stock | AU$8.86 Billion | 87.62% |
| Other Comprehensive Income | AU$18.70 Million | 0.18% |
| Total Equity | AU$10.11 Billion | 100.00% |
GPT Group Competitors by Market Cap
The table below lists competitors of GPT Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amlogic Shanghai Co Ltd
SHG:688099
|
$6.52 Billion |
|
Cpi Property Group SA
XETRA:O5G
|
$6.53 Billion |
|
Talkweb Information System Co Ltd
SHE:002261
|
$6.53 Billion |
|
Bank of Ayudhya PCL
BK:BAY
|
$6.53 Billion |
|
Bank of Maharashtra
NSE:MAHABANK
|
$6.52 Billion |
|
Huali Industrial Group Company Limited
SHE:300979
|
$6.51 Billion |
|
Hedef Holdings AS
IS:HEDEF
|
$6.51 Billion |
|
Samsung Securities
KO:016360
|
$6.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GPT Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,766,200,000 to 10,109,700,000, a change of -656,500,000 (-6.1%).
- Net loss of 200,700,000 reduced equity.
- Dividend payments of 469,300,000 reduced retained earnings.
- Share repurchases of 10,900,000 reduced equity.
- Other comprehensive income increased equity by 5,600,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-200.70 Million | -1.99% |
| Dividends Paid | AU$469.30 Million | -4.64% |
| Share Repurchases | AU$10.90 Million | -0.11% |
| Other Comprehensive Income | AU$5.60 Million | +0.06% |
| Other Changes | AU$18.80 Million | +0.19% |
| Total Change | AU$- | -6.10% |
Book Value vs Market Value Analysis
This analysis compares GPT 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: 0.91x
- 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 decreased from 7.32x to 0.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1987-12-31 | AU$0.66 | AU$4.81 | x |
| 1989-12-31 | AU$0.95 | AU$4.81 | x |
| 1990-12-31 | AU$1.03 | AU$4.81 | x |
| 1991-12-31 | AU$0.89 | AU$4.81 | x |
| 1992-12-31 | AU$0.88 | AU$4.81 | x |
| 1993-12-31 | AU$0.90 | AU$4.81 | x |
| 1994-12-31 | AU$1.02 | AU$4.81 | x |
| 1995-12-31 | AU$1.09 | AU$4.81 | x |
| 1996-12-31 | AU$1.61 | AU$4.81 | x |
| 1997-12-31 | AU$1.79 | AU$4.81 | x |
| 1998-12-31 | AU$1.98 | AU$4.81 | x |
| 1999-12-31 | AU$2.17 | AU$4.81 | x |
| 2000-12-31 | AU$2.55 | AU$4.81 | x |
| 2001-12-31 | AU$2.73 | AU$4.81 | x |
| 2002-12-31 | AU$2.86 | AU$4.81 | x |
| 2003-12-31 | AU$3.00 | AU$4.81 | x |
| 2004-12-31 | AU$3.44 | AU$4.81 | x |
| 2005-12-31 | AU$3.43 | AU$4.81 | x |
| 2006-12-31 | AU$4.02 | AU$4.81 | x |
| 2007-12-31 | AU$4.68 | AU$4.81 | x |
| 2008-12-31 | AU$3.84 | AU$4.81 | x |
| 2009-12-31 | AU$3.76 | AU$4.81 | x |
| 2010-12-31 | AU$3.75 | AU$4.81 | x |
| 2011-12-31 | AU$4.00 | AU$4.81 | x |
| 2012-12-31 | AU$3.86 | AU$4.81 | x |
| 2013-12-31 | AU$3.86 | AU$4.81 | x |
| 2014-12-31 | AU$3.95 | AU$4.81 | x |
| 2015-12-31 | AU$4.23 | AU$4.81 | x |
| 2016-12-31 | AU$4.60 | AU$4.81 | x |
| 2017-12-31 | AU$5.05 | AU$4.81 | x |
| 2018-12-31 | AU$5.59 | AU$4.81 | x |
| 2019-12-31 | AU$6.03 | AU$4.81 | x |
| 2020-12-31 | AU$5.58 | AU$4.81 | x |
| 2021-12-31 | AU$6.06 | AU$4.81 | x |
| 2022-12-31 | AU$5.99 | AU$4.81 | x |
| 2023-12-31 | AU$5.62 | AU$4.81 | x |
| 2024-12-31 | AU$5.28 | AU$4.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GPT Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.30%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.55x
- Recent ROE (-1.99%) is below the historical average (5.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 0.05% | 0.00% | 0.00x | 1.04x | AU$-168.22 Million |
| 1997 | 6.93% | 0.00% | 0.00x | 1.18x | AU$-97.11 Million |
| 1998 | 7.08% | 0.00% | 0.00x | 1.16x | AU$-102.34 Million |
| 1999 | 7.14% | 0.00% | 0.00x | 1.24x | AU$-110.38 Million |
| 2000 | 7.01% | 65.82% | 0.09x | 1.21x | AU$-135.36 Million |
| 2001 | 7.53% | 70.73% | 0.08x | 1.31x | AU$-119.47 Million |
| 2002 | 7.61% | 67.92% | 0.08x | 1.32x | AU$-121.26 Million |
| 2003 | 7.91% | 69.20% | 0.08x | 1.45x | AU$-111.35 Million |
| 2004 | 7.00% | 64.55% | 0.07x | 1.49x | AU$-182.94 Million |
| 2005 | 9.67% | 72.25% | 0.08x | 1.71x | AU$-20.06 Million |
| 2006 | 19.09% | 153.74% | 0.07x | 1.68x | AU$648.93 Million |
| 2007 | 14.51% | 167.81% | 0.05x | 1.68x | AU$374.38 Million |
| 2008 | -47.76% | -341.75% | 0.07x | 1.91x | AU$-3.93 Billion |
| 2009 | -16.03% | -209.83% | 0.06x | 1.37x | AU$-1.74 Billion |
| 2010 | 10.17% | 134.29% | 0.05x | 1.40x | AU$11.85 Million |
| 2011 | 3.33% | 42.24% | 0.06x | 1.26x | AU$-492.72 Million |
| 2012 | 8.65% | 99.61% | 0.06x | 1.36x | AU$-93.12 Million |
| 2013 | 8.51% | 99.74% | 0.06x | 1.40x | AU$-99.98 Million |
| 2014 | 9.31% | 98.67% | 0.06x | 1.47x | AU$-47.87 Million |
| 2015 | 11.54% | 125.78% | 0.06x | 1.46x | AU$115.59 Million |
| 2016 | 13.92% | 163.46% | 0.06x | 1.43x | AU$324.48 Million |
| 2017 | 13.94% | 179.61% | 0.05x | 1.42x | AU$358.51 Million |
| 2018 | 14.37% | 192.56% | 0.05x | 1.46x | AU$441.64 Million |
| 2019 | 7.77% | 110.29% | 0.05x | 1.40x | AU$-252.66 Million |
| 2020 | -1.96% | -29.69% | 0.05x | 1.41x | AU$-1.30 Billion |
| 2021 | 12.19% | 178.90% | 0.05x | 1.47x | AU$255.47 Million |
| 2022 | 4.09% | 57.48% | 0.05x | 1.51x | AU$-678.29 Million |
| 2023 | -2.23% | -26.66% | 0.06x | 1.51x | AU$-1.32 Billion |
| 2024 | -1.99% | -20.30% | 0.06x | 1.55x | AU$-1.21 Billion |
Industry Comparison
This section compares GPT Group's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $3,262,516,980
- Average return on equity (ROE) among peers: 3.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GPT Group (GPT) | AU$10.21 Billion | 0.05% | 0.56x | $6.52 Billion |
| Abacus Group (ABG) | $2.90 Billion | 12.73% | 0.40x | $654.45 Million |
| Charter Hall Group (CHC) | $1.20 Billion | 9.82% | 0.06x | $6.72 Billion |
| Charter Hall Long Wale REIT (CLW) | $3.26 Billion | 3.63% | 0.51x | $1.79 Billion |
| Centuria Capital Group (CNI) | $78.44 Million | -16.39% | 11.24x | $1.06 Billion |
| Fat Prophets Global Property Fund (FPP) | $20.32 Million | -15.01% | 0.08x | $14.61 Million |
| Goodman Group (GMG) | $8.62 Billion | 9.02% | 0.47x | $43.35 Billion |
| HMC Capital Ltd (HMC) | $1.88 Billion | 7.83% | 0.16x | $729.88 Million |
| Mirvac Group (MGR) | $3.17 Billion | 13.92% | 0.91x | $4.76 Billion |
| Stockland (SGP) | $8.23 Billion | 5.92% | 0.77x | $6.94 Billion |
About GPT Group
GPT is one of Australia's leading property groups, with assets under management of $34.1 billion across a portfolio of high quality retail, office and logistics assets. The GPT Group (GPT) is a stapled entity comprised of the General Property Trust (the Trust) and its controlled entities and GPT Management Holdings Limited (the Company) and its controlled entities. General Property Trust is a reg… Read more