Siri Prime Office Property Fd (SIRI) - Net Assets

Latest as of September 2025: ฿50.92 Billion THB ≈ $1.59 Billion USD

Based on the latest financial reports, Siri Prime Office Property Fd (SIRI) has net assets worth ฿50.92 Billion THB (≈ $1.59 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿148.43 Billion ≈ $4.63 Billion USD) and total liabilities (฿97.51 Billion ≈ $3.04 Billion 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 asset resilience ratio of Siri Prime Office Property Fd to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿50.92 Billion
% of Total Assets	34.3%
Annual Growth Rate	19.48%
5-Year Change	24.98%
10-Year Change	80.12%
Growth Volatility	90.63

Siri Prime Office Property Fd - Net Assets Trend (2000–2024)

This chart illustrates how Siri Prime Office Property Fd's net assets have evolved over time, based on quarterly financial data. Also explore Siri Prime Office Property Fd asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Siri Prime Office Property Fd (2000–2024)

The table below shows the annual net assets of Siri Prime Office Property Fd from 2000 to 2024. For live valuation and market cap data, see SIRI market cap.

Year	Net Assets	Change
2024-12-31	฿48.99 Billion ≈ $1.53 Billion	+3.34%
2023-12-31	฿47.41 Billion ≈ $1.48 Billion	+7.65%
2022-12-31	฿44.04 Billion ≈ $1.37 Billion	+7.50%
2021-12-31	฿40.97 Billion ≈ $1.28 Billion	+4.51%
2020-12-31	฿39.20 Billion ≈ $1.22 Billion	+22.97%
2019-12-31	฿31.87 Billion ≈ $993.51 Million	+3.31%
2018-12-31	฿30.85 Billion ≈ $961.64 Million	+1.23%
2017-12-31	฿30.48 Billion ≈ $949.97 Million	+8.48%
2016-12-31	฿28.10 Billion ≈ $875.73 Million	+3.30%
2015-12-31	฿27.20 Billion ≈ $847.75 Million	+9.60%
2014-12-31	฿24.82 Billion ≈ $773.50 Million	+45.40%
2013-12-31	฿17.07 Billion ≈ $531.98 Million	+15.04%
2012-12-31	฿14.84 Billion ≈ $462.42 Million	+30.39%
2011-12-31	฿11.38 Billion ≈ $354.63 Million	+20.43%
2010-12-31	฿9.45 Billion ≈ $294.48 Million	-6.68%
2009-12-31	฿10.12 Billion ≈ $315.56 Million	+13.06%
2008-12-31	฿8.95 Billion ≈ $279.11 Million	+7.29%
2007-12-31	฿8.35 Billion ≈ $260.15 Million	+7.24%
2006-12-31	฿7.78 Billion ≈ $242.59 Million	+0.51%
2005-12-31	฿7.74 Billion ≈ $241.35 Million	+8.63%
2004-12-31	฿7.13 Billion ≈ $222.18 Million	+78.00%
2003-12-31	฿4.00 Billion ≈ $124.82 Million	+21.78%
2002-12-31	฿3.29 Billion ≈ $102.49 Million	+457.54%
2001-12-31	฿589.79 Million ≈ $18.38 Million	-13.74%
2000-12-31	฿683.71 Million ≈ $21.31 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Siri Prime Office Property Fd'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 2215411263705.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	฿19.92 Billion	41.35%
Common Stock	฿18.51 Billion	38.43%
Other Comprehensive Income	฿2.03 Billion	4.22%
Other Components	฿7.71 Billion	16.00%
Total Equity	฿48.18 Billion	100.00%

Siri Prime Office Property Fd Competitors by Market Cap

The table below lists competitors of Siri Prime Office Property Fd ranked by their market capitalization.

Company	Market Cap
Heilongjiang Publishing & Media Co Ltd SHG:605577	$760.92 Million
Linewell Software Co Ltd SHG:603636	$760.93 Million
Beijing Jingpin Tezhuang Technology Co. Ltd. A SHG:688084	$760.93 Million
GHT Co Ltd Class A SHE:300711	$760.95 Million
Resurs Holding AB ST:RESURS	$760.84 Million
MeiraGTx Holdings PLC NASDAQ:MGTX	$760.71 Million
CJ ENM CO. Ltd KQ:035760	$760.56 Million
BOROSIL RENEWABLES LIMITED NSE:BORORENEW	$760.32 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Siri Prime Office Property Fd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 40,975,569,821 to 48,177,925,325, a change of 7,202,355,504 (17.6%).
Net income of 5,252,915,556 contributed positively to equity growth.
Dividend payments of 3,288,664,931 reduced retained earnings.
New share issuances of 754,149,000 increased equity.
Other comprehensive income decreased equity by 357,254,308.
Other factors increased equity by 4,841,210,187.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿5.25 Billion	+10.9%
Dividends Paid	฿3.29 Billion	-6.83%
Share Issuances	฿754.15 Million	+1.57%
Other Comprehensive Income	฿-357.25 Million	-0.74%
Other Changes	฿4.84 Billion	+10.05%
Total Change	฿-	17.58%

Book Value vs Market Value Analysis

This analysis compares Siri Prime Office Property Fd'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: 0.50x
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 decreased from 3.06x to 0.50x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2000-12-31	฿0.46	฿1.40	x
2001-12-31	฿0.38	฿1.40	x
2002-12-31	฿0.68	฿1.40	x
2003-12-31	฿0.80	฿1.40	x
2004-12-31	฿0.96	฿1.40	x
2005-12-31	฿0.96	฿1.40	x
2006-12-31	฿0.96	฿1.40	x
2007-12-31	฿1.03	฿1.40	x
2008-12-31	฿1.29	฿1.40	x
2009-12-31	฿1.46	฿1.40	x
2010-12-31	฿1.15	฿1.40	x
2011-12-31	฿1.31	฿1.40	x
2012-12-31	฿1.37	฿1.40	x
2013-12-31	฿1.30	฿1.40	x
2014-12-31	฿2.29	฿1.40	x
2015-12-31	฿1.91	฿1.40	x
2016-12-31	฿1.97	฿1.40	x
2017-12-31	฿2.13	฿1.40	x
2018-12-31	฿2.08	฿1.40	x
2019-12-31	฿2.18	฿1.40	x
2020-12-31	฿2.57	฿1.40	x
2021-12-31	฿2.60	฿1.40	x
2022-12-31	฿2.83	฿1.40	x
2023-12-31	฿2.47	฿1.40	x
2024-12-31	฿2.77	฿1.40	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Siri Prime Office Property Fd 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): 10.90%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.90%
• Asset Turnover: 0.25x
• Equity Multiplier: 3.10x
Recent ROE (10.90%) is below the historical average (13.13%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	109.55%	412.05%	0.09x	2.84x	฿678.45 Million
2001	-15.04%	-16.80%	0.30x	3.00x	฿-147.85 Million
2002	1.53%	3.76%	0.16x	2.54x	฿-273.18 Million
2003	14.84%	15.20%	0.27x	3.64x	฿189.05 Million
2004	7.00%	7.50%	0.34x	2.70x	฿-214.00 Million
2005	11.60%	8.59%	0.57x	2.35x	฿124.30 Million
2006	5.19%	3.52%	0.63x	2.33x	฿-374.05 Million
2007	8.48%	5.10%	0.66x	2.52x	฿-126.69 Million
2008	10.23%	6.04%	0.65x	2.62x	฿20.40 Million
2009	15.87%	9.19%	0.69x	2.50x	฿594.48 Million
2010	2.01%	1.01%	0.60x	3.30x	฿-755.01 Million
2011	17.71%	9.76%	0.57x	3.19x	฿877.36 Million
2012	20.35%	10.04%	0.65x	3.11x	฿1.54 Billion
2013	11.31%	6.66%	0.48x	3.52x	฿222.93 Million
2014	13.67%	11.93%	0.39x	2.95x	฿911.64 Million
2015	12.89%	9.37%	0.54x	2.55x	฿786.16 Million
2016	12.03%	9.90%	0.47x	2.59x	฿570.89 Million
2017	9.26%	9.03%	0.39x	2.63x	฿-226.02 Million
2018	6.63%	7.67%	0.28x	3.09x	฿-1.04 Billion
2019	7.73%	9.60%	0.23x	3.50x	฿-701.90 Million
2020	4.48%	4.84%	0.31x	3.01x	฿-2.06 Billion
2021	5.14%	6.82%	0.25x	2.97x	฿-1.91 Billion
2022	10.09%	12.51%	0.27x	3.00x	฿36.59 Million
2023	14.79%	16.14%	0.25x	3.59x	฿1.96 Billion
2024	10.90%	13.90%	0.25x	3.10x	฿435.12 Million

Industry Comparison

This section compares Siri Prime Office Property Fd's net assets metrics with peer companies in the Real Estate - Development industry.

Industry Context

Industry: Real Estate - Development
Average net assets among peers: $12,160,492,474
Average return on equity (ROE) among peers: -0.70%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Siri Prime Office Property Fd (SIRI)	฿50.92 Billion	109.55%	1.92x	$760.88 Million
Areeya Property Public Company Limited (A)	$3.33 Billion	0.92%	3.29x	$147.84 Million
Amata Corporation Public Company Limited (AMATA)	$18.75 Billion	5.88%	1.14x	$738.40 Million
Amata Corporation Public Company Limited (AMATA-R)	$24.41 Billion	9.59%	0.95x	$605.77 Million
Ananda Development Public Company Limited (ANAN)	$18.47 Billion	3.81%	1.64x	$45.45 Million
AP (Thailand) Public Company Limited (AP)	$43.64 Billion	11.50%	0.95x	$843.27 Million
Baan Rock Garden Public Company Limited (BROCK)	$1.24 Billion	0.67%	0.02x	$40.57 Million
Country Group Development Public Company Limited (CGD)	$4.45 Billion	-5.66%	2.70x	$30.92 Million
Chewathai Public Company Limited (CHEWA)	$1.14 Billion	-36.18%	2.64x	$6.76 Million
Charn Issara Development Public Company Limited (CI)	$1.25 Billion	-1.42%	1.89x	$10.31 Million
Eastern Star Real Estate Public Company Limited (ESTAR)	$4.92 Billion	3.84%	0.47x	$37.57 Million

About Siri Prime Office Property Fd

BK:SIRI Thailand Real Estate - Development

Market Cap

$760.88 Million

฿24.41 Billion THB

Market Cap Rank

#10410 Global

#92 in Thailand

Share Price

฿1.40

Change (1 day)

+0.72%

52-Week Range

฿1.15 - ฿1.58

All Time High

฿1.93