Ldr Capital Property Fund
LDR Capital Property Fund is an externally managed real estate investment trust that invests in Australian commercial office assets. The firm currently owns 7 office assets with a combined valuation of $374 million. LDR Capital Property Fund is based in Sydney, Australia.
Ldr Capital Property Fund (LED) - Net Assets
Latest net assets as of June 2025: AU$279.69 Million AUD
Based on the latest financial reports, Ldr Capital Property Fund (LED) has net assets worth AU$279.69 Million AUD 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) and total liabilities (AU$213.27 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$279.69 Million |
| % of Total Assets | 56.74% |
| Annual Growth Rate | -8.79% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 10.07 |
Ldr Capital Property Fund - Net Assets Trend (2022–2025)
This chart illustrates how Ldr Capital Property Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ldr Capital Property Fund (2022–2025)
The table below shows the annual net assets of Ldr Capital Property Fund from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$279.69 Million | +5.87% |
| 2024-06-30 | AU$264.19 Million | -16.87% |
| 2023-06-30 | AU$317.80 Million | -13.79% |
| 2022-06-30 | AU$368.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ldr Capital 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 1462.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$419.22 Million | 149.89% |
| Total Equity | AU$279.69 Million | 100.00% |
Ldr Capital Property Fund Competitors by Market Cap
The table below lists competitors of Ldr Capital Property Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Soechi Lines Tbk
JK:SOCI
|
$58.89 Million |
|
Motorcycle Holdings Ltd
AU:MTO
|
$58.90 Million |
|
Heungkuk Fire & Marine Insurance Co Ltd
KO:000545
|
$58.92 Million |
|
CASH CONVERTERS INTL
F:UKC
|
$58.92 Million |
|
Elanor Commercial Property Fund
AU:ECF
|
$58.89 Million |
|
Nien Hsing Textile Co Ltd
TW:1451
|
$58.85 Million |
|
Sangam (India) Limited
NSE:SANGAMIND
|
$58.83 Million |
|
Log-In Logística Intermodal S.A
SA:LOGN3
|
$58.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ldr Capital Property Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 264,187,000 to 279,691,000, a change of 15,504,000 (5.9%).
- Net loss of 5,396,000 reduced equity.
- Dividend payments of 27,926,000 reduced retained earnings.
- Share repurchases of 52,459,000 reduced equity.
- New share issuances of 52,459,000 increased equity.
- Other factors increased equity by 48,826,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-5.40 Million | -1.93% |
| Dividends Paid | AU$27.93 Million | -9.98% |
| Share Repurchases | AU$52.46 Million | -18.76% |
| Share Issuances | AU$52.46 Million | +18.76% |
| Other Changes | AU$48.83 Million | +17.46% |
| Total Change | AU$- | 5.87% |
Book Value vs Market Value Analysis
This analysis compares Ldr Capital 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: 0.85x
- 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 0.50x to 0.85x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-06-30 | AU$1.18 | AU$0.59 | x |
| 2023-06-30 | AU$0.99 | AU$0.59 | x |
| 2024-06-30 | AU$0.82 | AU$0.59 | x |
| 2025-06-30 | AU$0.69 | AU$0.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ldr Capital 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): -1.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.06%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.76x
- Recent ROE (-1.93%) is above the historical average (-2.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 11.57% | 95.16% | 0.08x | 1.53x | AU$5.97 Million |
| 2023 | -10.12% | -63.55% | 0.10x | 1.65x | AU$-63.96 Million |
| 2024 | -10.11% | -52.55% | 0.11x | 1.80x | AU$-53.12 Million |
| 2025 | -1.93% | -10.06% | 0.11x | 1.76x | AU$-33.37 Million |
Industry Comparison
This section compares Ldr Capital 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: $92,347,636
- Average return on equity (ROE) among peers: -22.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ldr Capital Property Fund (LED) | AU$279.69 Million | 11.57% | 0.76x | $58.89 Million |
| Acumentis Group Ltd (ACU) | $9.14 Million | 23.06% | 0.53x | $5.27 Million |
| The Agency Group Australia Ltd (AU1) | $3.83 Million | -15.84% | 0.04x | $1.78 Million |
| Desane Group Holdings Ltd (DGH) | $1.23 Million | -146.61% | 6.69x | $4.40 Million |
| Elanor Commercial Property Fund (ECF) | $44.44 Million | 7.96% | 1.04x | $58.89 Million |
| Eildon Capital Group (EDC) | $39.34 Million | -4.97% | 0.25x | $17.75 Million |
| Eureka Group Holdings Ltd (EGH) | $31.86 Million | 9.75% | 0.63x | $85.01 Million |
| Garda Property Group (GDF) | $101.93 Million | -6.18% | 0.42x | $82.22 Million |
| GDI Property Group (GDI) | $597.32 Million | 0.06% | 0.60x | $175.57 Million |
| Openn Negotiation Ltd (OPN) | $2.05 Million | -65.72% | 0.06x | $4.20 Million |