Bhiraj Office Leasehold Real Estate Investment Trust (BOFFICE) - Net Assets
Based on the latest financial reports, Bhiraj Office Leasehold Real Estate Investment Trust (BOFFICE) has net assets worth ฿7.11 Billion THB (≈ $221.72 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿9.67 Billion ≈ $301.52 Million USD) and total liabilities (฿2.56 Billion ≈ $79.80 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 Bhiraj Office Leasehold Real Estate Inve asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿7.11 Billion |
| % of Total Assets | 73.53% |
| Annual Growth Rate | 6.34% |
| 5-Year Change | -7.61% |
| 10-Year Change | N/A |
| Growth Volatility | 20.76 |
Bhiraj Office Leasehold Real Estate Investment Trust - Net Assets Trend (2018–2024)
This chart illustrates how Bhiraj Office Leasehold Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Also explore BOFFICE total asset value for the complete picture of this company's asset base.
Annual Net Assets for Bhiraj Office Leasehold Real Estate Investment Trust (2018–2024)
The table below shows the annual net assets of Bhiraj Office Leasehold Real Estate Investment Trust from 2018 to 2024. For live valuation and market cap data, see BOFFICE market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿7.19 Billion ≈ $224.21 Million |
+0.14% |
| 2023-12-31 | ฿7.18 Billion ≈ $223.89 Million |
-1.88% |
| 2022-12-31 | ฿7.32 Billion ≈ $228.19 Million |
-1.05% |
| 2021-12-31 | ฿7.40 Billion ≈ $230.61 Million |
-4.98% |
| 2020-12-31 | ฿7.79 Billion ≈ $242.69 Million |
+54.19% |
| 2019-12-31 | ฿5.05 Billion ≈ $157.40 Million |
+1.53% |
| 2018-12-31 | ฿4.97 Billion ≈ $155.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bhiraj Office Leasehold Real Estate Investment Trust'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 19305732900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿192.83 Million | 2.68% |
| Other Components | ฿7.00 Billion | 97.32% |
| Total Equity | ฿7.19 Billion | 100.00% |
Bhiraj Office Leasehold Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Bhiraj Office Leasehold Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Corpovael S.A.B. de C.V
MX:CADUA
|
$130.02 Million |
|
John Hancock Income Securities Closed Fund
NYSE:JHS
|
$130.09 Million |
|
ARRAIL GROUP LTD.
F:I1D
|
$130.12 Million |
|
Tile Shop Holdings Inc
NASDAQ:TTSH
|
$130.12 Million |
|
Gevelot
PA:ALGEV
|
$129.92 Million |
|
Bancroft Fund Limited
NYSE MKT:BCV
|
$129.90 Million |
|
Teo Seng Capital Bhd
KLSE:7252
|
$129.88 Million |
|
Mnc Kapital Indonesia Tbk
JK:BCAP
|
$129.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bhiraj Office Leasehold Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,182,979,791 to 7,193,356,156, a change of 10,376,365 (0.1%).
- Net income of 464,315,265 contributed positively to equity growth.
- Dividend payments of 406,493,726 reduced retained earnings.
- Share repurchases of 47,445,174 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿464.32 Million | +6.45% |
| Dividends Paid | ฿406.49 Million | -5.65% |
| Share Repurchases | ฿47.45 Million | -0.66% |
| Total Change | ฿- | 0.14% |
Book Value vs Market Value Analysis
This analysis compares Bhiraj Office Leasehold Real Estate Investment Trust'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: 0.58x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ฿9.54 | ฿5.65 | x |
| 2019-12-31 | ฿9.68 | ฿5.65 | x |
| 2020-12-31 | ฿10.55 | ฿5.65 | x |
| 2021-12-31 | ฿10.03 | ฿5.65 | x |
| 2022-12-31 | ฿9.92 | ฿5.65 | x |
| 2023-12-31 | ฿9.73 | ฿5.65 | x |
| 2024-12-31 | ฿9.75 | ฿5.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bhiraj Office Leasehold Real Estate Investment Trust 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): 6.45%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 51.89%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.35x
- Recent ROE (6.45%) is above the historical average (4.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 1.36% | 11.88% | 0.08x | 1.39x | ฿-429.85 Million |
| 2019 | 8.44% | 66.85% | 0.09x | 1.38x | ฿-78.57 Million |
| 2020 | 5.85% | 63.13% | 0.07x | 1.35x | ฿-322.98 Million |
| 2021 | 0.82% | 6.86% | 0.09x | 1.37x | ฿-679.22 Million |
| 2022 | 3.58% | 28.90% | 0.09x | 1.38x | ฿-469.75 Million |
| 2023 | 5.03% | 40.06% | 0.09x | 1.35x | ฿-357.21 Million |
| 2024 | 6.45% | 51.89% | 0.09x | 1.35x | ฿-255.02 Million |
Industry Comparison
This section compares Bhiraj Office Leasehold Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $5,553,670,188
- Average return on equity (ROE) among peers: 7.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bhiraj Office Leasehold Real Estate Investment Trust (BOFFICE) | ฿7.11 Billion | 1.36% | 0.36x | $129.94 Million |
| Golden Ventures Leasehold Real Estate Investment Trust (GVREIT) | $8.27 Billion | 2.03% | 0.37x | $171.43 Million |
| Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust (TPRIME) | $6.16 Billion | 11.19% | 0.42x | $123.72 Million |
| WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (WHABT) | $2.23 Billion | 8.03% | 0.25x | $35.89 Million |
About Bhiraj Office Leasehold Real Estate Investment Trust
Bhiraj Office Leasehold Real Estate Investment Trust operates in various business sectors.