Dusit Thani Freehold and Leasehold Real Estate Investment Trust
Dusit Thani Freehold and Leasehold Real Estate Investment Trust is a real estate investment trust. The firm focuses on investing in high potential freehold or leasehold properties especially in hotel properties, as well as investing in other assets that favor hotel-related business, such as meeting and convention room, restaurants, fitness center, spa, swimming pool, tennis court etc. The firm is… Read more
Dusit Thani Freehold and Leasehold Real Estate Investment Trust (DREIT) - Net Assets
Latest net assets as of September 2025: ฿5.71 Billion THB
Based on the latest financial reports, Dusit Thani Freehold and Leasehold Real Estate Investment Trust (DREIT) has net assets worth ฿5.71 Billion THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿7.88 Billion) and total liabilities (฿2.17 Billion). 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 | ฿5.71 Billion |
| % of Total Assets | 72.49% |
| Annual Growth Rate | 2.37% |
| 5-Year Change | 7.37% |
| 10-Year Change | 37.59% |
| Growth Volatility | 12.73 |
Dusit Thani Freehold and Leasehold Real Estate Investment Trust - Net Assets Trend (2011–2024)
This chart illustrates how Dusit Thani Freehold and Leasehold Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dusit Thani Freehold and Leasehold Real Estate Investment Trust (2011–2024)
The table below shows the annual net assets of Dusit Thani Freehold and Leasehold Real Estate Investment Trust from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿5.88 Billion | +5.13% |
| 2023-12-31 | ฿5.59 Billion | -2.95% |
| 2022-12-31 | ฿5.76 Billion | +1.25% |
| 2021-12-31 | ฿5.69 Billion | +3.95% |
| 2020-12-31 | ฿5.48 Billion | +1.40% |
| 2019-12-31 | ฿5.40 Billion | +44.87% |
| 2018-12-31 | ฿3.73 Billion | +1.51% |
| 2017-12-31 | ฿3.67 Billion | -12.10% |
| 2016-12-31 | ฿4.18 Billion | -2.25% |
| 2015-12-31 | ฿4.27 Billion | -2.18% |
| 2014-12-31 | ฿4.37 Billion | +0.13% |
| 2013-12-31 | ฿4.36 Billion | +0.05% |
| 2012-12-31 | ฿4.36 Billion | +0.52% |
| 2011-12-31 | ฿4.34 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dusit Thani Freehold and 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 124.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿549.75 Million | 9.35% |
| Other Components | ฿5.33 Billion | 90.65% |
| Total Equity | ฿5.88 Billion | 100.00% |
Dusit Thani Freehold and Leasehold Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Dusit Thani Freehold and Leasehold Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Munsin Garment
TWO:2916
|
$43.53 Million |
|
Catalyst Bancorp Inc
NASDAQ:CLST
|
$43.54 Million |
|
Defiance Silver Corp
OTCQX:DNCVF
|
$43.55 Million |
|
Trek Metals Ltd
AU:TKM
|
$43.55 Million |
|
Premier Technology Public Company Limited
BK:PT
|
$43.53 Million |
|
Rhinebeck Bancorp Inc
NASDAQ:RBKB
|
$43.52 Million |
|
Siebert Financial Corp
NASDAQ:SIEB
|
$43.51 Million |
|
First Seacoast Bancorp
NASDAQ:FSEA
|
$43.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dusit Thani Freehold and 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 5,594,123,681 to 5,880,831,578, a change of 286,707,897 (5.1%).
- Net income of 590,768,196 contributed positively to equity growth.
- Dividend payments of 286,213,941 reduced retained earnings.
- Other comprehensive income decreased equity by 40,021,920.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿590.77 Million | +10.05% |
| Dividends Paid | ฿286.21 Million | -4.87% |
| Other Comprehensive Income | ฿-40.02 Million | -0.68% |
| Other Changes | ฿22.18 Million | +0.38% |
| Total Change | ฿- | 5.13% |
Book Value vs Market Value Analysis
This analysis compares Dusit Thani Freehold and 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.
- The price-to-book ratio has increased from 0.46x to 0.58x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | ฿10.35 | ฿4.78 | x |
| 2012-12-31 | ฿10.40 | ฿4.78 | x |
| 2013-12-31 | ฿10.41 | ฿4.78 | x |
| 2014-12-31 | ฿10.42 | ฿4.78 | x |
| 2015-12-31 | ฿10.19 | ฿4.78 | x |
| 2016-12-31 | ฿9.96 | ฿4.78 | x |
| 2017-12-31 | ฿0.00 | ฿4.78 | x |
| 2018-12-31 | ฿8.89 | ฿4.78 | x |
| 2019-12-31 | ฿7.59 | ฿4.78 | x |
| 2020-12-31 | ฿7.70 | ฿4.78 | x |
| 2021-12-31 | ฿8.00 | ฿4.78 | x |
| 2022-12-31 | ฿8.10 | ฿4.78 | x |
| 2023-12-31 | ฿7.86 | ฿4.78 | x |
| 2024-12-31 | ฿8.27 | ฿4.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dusit Thani Freehold and 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): 10.05%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 106.48%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.37x
- Recent ROE (10.05%) is above the historical average (5.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 9.11% | 97.65% | 0.09x | 1.00x | ฿-38.58 Million |
| 2012 | 8.17% | 92.04% | 0.09x | 1.01x | ฿-80.02 Million |
| 2013 | 6.76% | 76.70% | 0.09x | 1.01x | ฿-141.37 Million |
| 2014 | 7.03% | 78.95% | 0.09x | 1.00x | ฿-129.89 Million |
| 2015 | 4.19% | 67.64% | 0.06x | 1.01x | ฿-248.52 Million |
| 2016 | 2.20% | 38.08% | 0.06x | 1.01x | ฿-325.69 Million |
| 2017 | 0.45% | 85.79% | 0.00x | 1.18x | ฿-350.74 Million |
| 2018 | 4.83% | 79.32% | 0.05x | 1.18x | ฿-192.61 Million |
| 2019 | 2.26% | 42.57% | 0.04x | 1.29x | ฿-418.18 Million |
| 2020 | 5.85% | 75.48% | 0.06x | 1.37x | ฿-227.15 Million |
| 2021 | 6.97% | 80.10% | 0.06x | 1.37x | ฿-172.22 Million |
| 2022 | 5.53% | 70.36% | 0.06x | 1.37x | ฿-257.73 Million |
| 2023 | 4.83% | 52.78% | 0.07x | 1.38x | ฿-289.17 Million |
| 2024 | 10.05% | 106.48% | 0.07x | 1.37x | ฿2.69 Million |
Industry Comparison
This section compares Dusit Thani Freehold and Leasehold Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Hotel & Motel industry.
Industry Context
- Industry: REIT - Hotel & Motel
- Average net assets among peers: $3,803,710,472
- Average return on equity (ROE) among peers: 7.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dusit Thani Freehold and Leasehold Real Estate Investment Trust (DREIT) | ฿5.71 Billion | 9.11% | 0.38x | $43.53 Million |
| Grande Hospitality Real Estate Investment Trust (GAHREIT) | $1.86 Billion | 5.73% | 0.05x | $14.89 Million |
| Grande Royal Orchid Hospitality Real Estate Investment Trust with Buy-Back Condition (GROREIT) | $3.35 Billion | 7.70% | 0.48x | $53.22 Million |
| LH Hotel Leasehold Real Estate Investment Trust (LHHOTEL) | $6.64 Billion | 12.05% | 0.24x | $277.39 Million |
| Sri panwa Hospitality Real Estate Investment Trust (SRIPANWA) | $3.37 Billion | 3.40% | 0.29x | $20.93 Million |