Ram Essential Services Property Fund (REP) - Net Assets
Based on the latest financial reports, Ram Essential Services Property Fund (REP) has net assets worth AU$398.11 Million AUD (≈ $281.68 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$690.66 Million ≈ $488.68 Million USD) and total liabilities (AU$292.55 Million ≈ $207.00 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 Ram Essential Services Property Fund tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$398.11 Million |
| % of Total Assets | 57.64% |
| Annual Growth Rate | -10.25% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1.41 |
Ram Essential Services Property Fund - Net Assets Trend (2022–2025)
This chart illustrates how Ram Essential Services Property Fund's net assets have evolved over time, based on quarterly financial data. See Ram Essential Services Property Fund (REP) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ram Essential Services Property Fund (2022–2025)
The table below shows the annual net assets of Ram Essential Services Property Fund from 2022 to 2025. For live valuation and market cap data, see REP stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$398.11 Million ≈ $281.68 Million |
-10.44% |
| 2024-06-30 | AU$444.49 Million ≈ $314.51 Million |
-11.85% |
| 2023-06-30 | AU$504.27 Million ≈ $356.80 Million |
-8.42% |
| 2022-06-30 | AU$550.66 Million ≈ $389.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ram Essential Services 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 216.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$240.04 Million | 120.86% |
| Total Equity | AU$198.62 Million | 100.00% |
Ram Essential Services Property Fund Competitors by Market Cap
The table below lists competitors of Ram Essential Services Property Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sangsin Energy Display Precision Co.Ltd
KQ:091580
|
$161.32 Million |
|
Texaf SA
BR:TEXF
|
$161.33 Million |
|
Lucara Diamond Corp
TO:LUC
|
$161.36 Million |
|
Tianjin Capital Environmental Protection Group Company Limited
F:TIA
|
$161.38 Million |
|
Froch Enterprise Co Ltd
TW:2030
|
$161.28 Million |
|
Digia Oyj
HE:DIGIA
|
$161.23 Million |
|
Bank Artha Graha Internasional
JK:INPC
|
$161.16 Million |
|
KORE Group Holdings Inc
NYSE:KORE
|
$161.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ram Essential Services Property Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 220,427,000 to 198,618,000, a change of -21,809,000 (-9.9%).
- Net loss of 5,531,000 reduced equity.
- Dividend payments of 26,065,000 reduced retained earnings.
- Share repurchases of 6,479,000 reduced equity.
- Other factors increased equity by 16,266,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-5.53 Million | -2.78% |
| Dividends Paid | AU$26.07 Million | -13.12% |
| Share Repurchases | AU$6.48 Million | -3.26% |
| Other Changes | AU$16.27 Million | +8.19% |
| Total Change | AU$- | -9.89% |
Book Value vs Market Value Analysis
This analysis compares Ram Essential Services 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: 0.57x
- 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 0.42x to 0.57x 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$1.08 | AU$0.46 | x |
| 2023-06-30 | AU$0.96 | AU$0.46 | x |
| 2024-06-30 | AU$0.86 | AU$0.46 | x |
| 2025-06-30 | AU$0.79 | AU$0.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ram Essential Services 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): -2.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.56%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 3.48x
- Recent ROE (-2.78%) is below the historical average (0.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 15.06% | 116.50% | 0.04x | 2.95x | AU$14.29 Million |
| 2023 | -6.25% | -27.81% | 0.07x | 3.26x | AU$-40.72 Million |
| 2024 | -5.15% | -20.40% | 0.07x | 3.41x | AU$-33.40 Million |
| 2025 | -2.78% | -9.56% | 0.08x | 3.48x | AU$-25.39 Million |
Industry Comparison
This section compares Ram Essential Services Property Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $393,641,219
- Average return on equity (ROE) among peers: -7.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ram Essential Services Property Fund (REP) | AU$398.11 Million | 15.06% | 0.73x | $161.31 Million |
| Acorn Capital Investment Fund Ltd (ACQ) | $52.17 Million | 4.80% | 0.04x | $57.41 Million |
| Australian Ethical Investment Ltd (AEF) | $15.31 Million | 33.19% | 0.51x | $347.14 Million |
| Australian Foundation Investment Company Ltd (AFI) | $2.48 Billion | 4.15% | 0.01x | $5.57 Billion |
| Alternative Investment Trust (AIQ) | $0.00 | 0.00% | 0.00x | $33.69 Million |
| Argo Global Listed Infrastructure Ltd (ALI) | $293.69 Million | 2.65% | 0.01x | $313.74 Million |
| Amcil Ltd (AMH) | $335.34 Million | 2.02% | 0.15x | $201.36 Million |
| Associate Global Partners Ltd (APL) | $7.25 Million | -140.95% | 0.39x | $10.18 Million |
| Ariadne Australia Ltd (ARA) | $178.26 Million | 2.41% | 0.11x | $66.00 Million |
| ARC Funds Ltd (ARC) | $5.12 Million | 13.17% | 0.23x | $3.91 Million |
| Argo Investments Ltd (ARG) | $569.85 Million | -0.86% | 0.06x | $4.68 Billion |
About Ram Essential Services Property Fund
RAM Essential Services Property Fund (REP) is a stapled real estate investment trust listed on the ASX. REP consists of a geographically diversified and defensive portfolio of medical and essential retailbased properties, underpinned by a high-quality tenant profile including leading national supermarkets and private hospital operators, and offers growth opportunities through significant value-ad… Read more