KTBST Mixed Leasehold Real Estate Investment Trust
KTBST Mixed Freehold and Leasehold Real Estate Investment Trust, a real estate investment trust, invests in various property development projects in Thailand. It has rights to lease and sub-lease land, warehouse and factory buildings, office buildings, data centers, and community malls. The company was founded in 2021 and is based in Bangkok, Thailand.
KTBST Mixed Leasehold Real Estate Investment Trust (KTBSTMR) - Net Assets
Latest net assets as of September 2025: ฿3.07 Billion THB
Based on the latest financial reports, KTBST Mixed Leasehold Real Estate Investment Trust (KTBSTMR) has net assets worth ฿3.07 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 (฿4.45 Billion) and total liabilities (฿1.38 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 | ฿3.07 Billion |
| % of Total Assets | 68.96% |
| Annual Growth Rate | 0.68% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 0.65 |
KTBST Mixed Leasehold Real Estate Investment Trust - Net Assets Trend (2021–2024)
This chart illustrates how KTBST Mixed 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 KTBST Mixed Leasehold Real Estate Investment Trust (2021–2024)
The table below shows the annual net assets of KTBST Mixed Leasehold Real Estate Investment Trust from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿3.11 Billion | +0.30% |
| 2023-12-31 | ฿3.10 Billion | +0.15% |
| 2022-12-31 | ฿3.10 Billion | +1.60% |
| 2021-12-31 | ฿3.05 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to KTBST Mixed 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 195.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿94.93 Million | 3.05% |
| Other Components | ฿3.02 Billion | 96.95% |
| Total Equity | ฿3.11 Billion | 100.00% |
KTBST Mixed Leasehold Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of KTBST Mixed Leasehold Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Instil Bio Inc.
NASDAQ:TIL
|
$27.67 Million |
|
Capita PLC
PINK:CTAGF
|
$27.67 Million |
|
JUNGDAWN Co. Ltd
KQ:208140
|
$27.69 Million |
|
HFB Financial Corp
PINK:HFBA
|
$27.69 Million |
|
Alx Oncology Holdings
NASDAQ:ALXO
|
$27.67 Million |
|
Daehan Synthet
KO:003830
|
$27.66 Million |
|
Siili Solutions Oyj
HE:SIILI
|
$27.65 Million |
|
Adveritas Ltd
AU:AV1
|
$27.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KTBST Mixed 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 3,100,519,303 to 3,109,929,649, a change of 9,410,346 (0.3%).
- Net income of 220,497,121 contributed positively to equity growth.
- Dividend payments of 211,086,776 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿220.50 Million | +7.09% |
| Dividends Paid | ฿211.09 Million | -6.79% |
| Other Changes | ฿0.88 | +0.0% |
| Total Change | ฿- | 0.30% |
Book Value vs Market Value Analysis
This analysis compares KTBST Mixed 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: 0.53x
- 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 |
|---|---|---|---|
| 2021-12-31 | ฿10.11 | ฿5.45 | x |
| 2022-12-31 | ฿10.27 | ฿5.45 | x |
| 2023-12-31 | ฿10.28 | ฿5.45 | x |
| 2024-12-31 | ฿10.31 | ฿5.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KTBST Mixed 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): 7.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 60.85%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.44x
- Recent ROE (7.09%) is above the historical average (5.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.77% | 59.09% | 0.01x | 1.19x | ฿-281.14 Million |
| 2022 | 7.81% | 71.69% | 0.08x | 1.44x | ฿-67.76 Million |
| 2023 | 6.97% | 58.70% | 0.08x | 1.44x | ฿-93.85 Million |
| 2024 | 7.09% | 60.85% | 0.08x | 1.44x | ฿-90.50 Million |
Industry Comparison
This section compares KTBST Mixed Leasehold Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $7,717,870,783
- Average return on equity (ROE) among peers: 6.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KTBST Mixed Leasehold Real Estate Investment Trust (KTBSTMR) | ฿3.07 Billion | 0.77% | 0.45x | $27.67 Million |
| CPN Retail Growth Leasehold REIT (CPNREIT) | $17.62 Billion | 13.53% | 0.09x | $675.00 Million |
| Hydrogen Freehold & Leasehold Real Estate Investment Trust (HYDROGEN) | $1.83 Billion | 8.06% | 0.49x | $11.51 Million |
| LH Shopping Centers Leasehold (LHSC) | $4.99 Billion | 0.00% | 0.34x | $267.53 Million |
| S Prime Growth Leasehold Real Estate Investment Trust (SPRIME) | $4.62 Billion | 6.66% | 0.35x | $30.69 Million |
| WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust (WHART) | $9.54 Billion | 3.98% | 0.46x | $737.43 Million |