Impact Growth REIT
Impact Growth Real Estate Investment Trust is a real estate investment trust established under the Trust for Transaction in Capital Market Act, B.E.2550 in accordance with the Trust Deed signed between RMI Company Limited as the Trust Settlor and Kasikorn Asset Management Company Limited as the Trustee. On 22 September 2014, the Trust was established as a specific closed-end real estate investmen… Read more
Impact Growth REIT (IMPACT) - Net Assets
Latest net assets as of September 2025: ฿16.48 Billion THB
Based on the latest financial reports, Impact Growth REIT (IMPACT) has net assets worth ฿16.48 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 (฿20.98 Billion) and total liabilities (฿4.50 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 | ฿16.48 Billion |
| % of Total Assets | 78.57% |
| Annual Growth Rate | 0.31% |
| 5-Year Change | 3.12% |
| 10-Year Change | 2.47% |
| Growth Volatility | 0.67 |
Impact Growth REIT - Net Assets Trend (2015–2025)
This chart illustrates how Impact Growth REIT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Impact Growth REIT (2015–2025)
The table below shows the annual net assets of Impact Growth REIT from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ฿16.51 Billion | +1.29% |
| 2024-03-31 | ฿16.29 Billion | -0.03% |
| 2023-03-31 | ฿16.30 Billion | +1.29% |
| 2022-03-31 | ฿16.09 Billion | +0.54% |
| 2021-03-31 | ฿16.01 Billion | -0.63% |
| 2020-03-31 | ฿16.11 Billion | -0.50% |
| 2019-03-31 | ฿16.19 Billion | +0.45% |
| 2018-03-31 | ฿16.12 Billion | +0.57% |
| 2017-03-31 | ฿16.02 Billion | -0.52% |
| 2016-03-31 | ฿16.11 Billion | +0.64% |
| 2015-03-31 | ฿16.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Impact Growth REIT'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 171.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿790.71 Million | 4.79% |
| Other Components | ฿15.71 Billion | 95.21% |
| Total Equity | ฿16.51 Billion | 100.00% |
Impact Growth REIT Competitors by Market Cap
The table below lists competitors of Impact Growth REIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
8x8, Inc.
LSE:0IFS
|
$197.43 Million |
|
GR Engineering Services Ltd
AU:GNG
|
$197.43 Million |
|
Tibet Tourism Co Ltd
SHG:600749
|
$197.51 Million |
|
Vine Hill Capital Investment Corp. Class A Ordinary Shares
NASDAQ:VCIC
|
$197.52 Million |
|
Aeris Resources Ltd
AU:AIS
|
$197.35 Million |
|
Network18 Media & Investments Limited
NSE:NETWORK18
|
$197.31 Million |
|
Taiwan Hopax Chemsistry MFG Co Ltd
TWO:6509
|
$197.30 Million |
|
Cresco Labs Inc
OTCQX:CRLBF
|
$197.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Impact Growth REIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 16,294,561,840 to 16,505,212,761, a change of 210,650,921 (1.3%).
- Net income of 1,100,054,506 contributed positively to equity growth.
- Dividend payments of 889,403,585 reduced retained earnings.
- Other comprehensive income decreased equity by 16,294,561,840.
- Other factors increased equity by 16,294,561,840.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿1.10 Billion | +6.66% |
| Dividends Paid | ฿889.40 Million | -5.39% |
| Other Comprehensive Income | ฿-16.29 Billion | -98.72% |
| Other Changes | ฿16.29 Billion | +98.72% |
| Total Change | ฿- | 1.29% |
Book Value vs Market Value Analysis
This analysis compares Impact Growth REIT'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: 0.98x
- 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 |
|---|---|---|---|
| 2015-03-31 | ฿10.80 | ฿10.90 | x |
| 2016-03-31 | ฿10.87 | ฿10.90 | x |
| 2017-03-31 | ฿10.81 | ฿10.90 | x |
| 2018-03-31 | ฿10.87 | ฿10.90 | x |
| 2019-03-31 | ฿10.92 | ฿10.90 | x |
| 2020-03-31 | ฿10.87 | ฿10.90 | x |
| 2021-03-31 | ฿10.80 | ฿10.90 | x |
| 2022-03-31 | ฿10.85 | ฿10.90 | x |
| 2023-03-31 | ฿10.99 | ฿10.90 | x |
| 2024-03-31 | ฿10.99 | ฿10.90 | x |
| 2025-03-31 | ฿11.13 | ฿10.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Impact Growth REIT 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): 6.66%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 52.39%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.27x
- Recent ROE (6.66%) is above the historical average (6.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 7.89% | 56.70% | 0.11x | 1.27x | ฿-336.98 Million |
| 2016 | 7.40% | 56.39% | 0.10x | 1.27x | ฿-418.42 Million |
| 2017 | 6.23% | 52.49% | 0.09x | 1.28x | ฿-603.81 Million |
| 2018 | 7.47% | 54.31% | 0.11x | 1.28x | ฿-408.13 Million |
| 2019 | 8.14% | 54.14% | 0.12x | 1.28x | ฿-301.25 Million |
| 2020 | 7.68% | 54.22% | 0.11x | 1.27x | ฿-372.91 Million |
| 2021 | 2.79% | 41.09% | 0.05x | 1.27x | ฿-1.15 Billion |
| 2022 | 1.00% | 24.51% | 0.03x | 1.27x | ฿-1.45 Billion |
| 2023 | 5.91% | 54.46% | 0.09x | 1.26x | ฿-666.86 Million |
| 2024 | 5.24% | 49.49% | 0.08x | 1.27x | ฿-775.21 Million |
| 2025 | 6.66% | 52.39% | 0.10x | 1.27x | ฿-550.47 Million |
Industry Comparison
This section compares Impact Growth REIT's net assets metrics with peer companies in the REIT - Specialty industry.
Industry Context
- Industry: REIT - Specialty
- Average net assets among peers: $5,300,541,562
- Average return on equity (ROE) among peers: 7.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Impact Growth REIT (IMPACT) | ฿16.48 Billion | 7.89% | 0.27x | $197.41 Million |
| BA Airport Leasehold Real Estate Investment Trust (BAREIT) | $10.20 Billion | 8.18% | 0.42x | $201.93 Million |
| INET Leasehold REIT (INETREIT) | $3.77 Billion | 7.83% | 0.25x | $3.37K |
| Quality Hospitality Leasehold Property Fund (QHOP) | $1.94 Billion | 6.53% | 0.00x | $817.98 |