S Prime Growth Leasehold Real Estate Investment Trust
S Prime Growth Leasehold Real Estate Investment Trust operates as a real estate investment trust in Thailand. It invests in office buildings. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. S Prime Growth Leasehold R… Read more
S Prime Growth Leasehold Real Estate Investment Trust (SPRIME) - Net Assets
Latest net assets as of December 2025: ฿4.66 Billion THB
Based on the latest financial reports, S Prime Growth Leasehold Real Estate Investment Trust (SPRIME) has net assets worth ฿4.66 Billion THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿6.16 Billion) and total liabilities (฿1.50 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 | ฿4.66 Billion |
| % of Total Assets | 75.64% |
| Annual Growth Rate | 1.98% |
| 5-Year Change | 2.78% |
| 10-Year Change | N/A |
| Growth Volatility | 1.94 |
S Prime Growth Leasehold Real Estate Investment Trust - Net Assets Trend (2019–2025)
This chart illustrates how S Prime Growth 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 S Prime Growth Leasehold Real Estate Investment Trust (2019–2025)
The table below shows the annual net assets of S Prime Growth Leasehold Real Estate Investment Trust from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿4.66 Billion | +1.40% |
| 2024-12-31 | ฿4.60 Billion | -0.40% |
| 2023-12-31 | ฿4.62 Billion | +0.88% |
| 2022-12-31 | ฿4.58 Billion | +0.88% |
| 2021-12-31 | ฿4.54 Billion | +4.18% |
| 2020-12-31 | ฿4.35 Billion | +5.03% |
| 2019-12-31 | ฿4.14 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to S Prime Growth 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 71380940800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿469.82 Million | 10.08% |
| Other Components | ฿4.19 Billion | 89.92% |
| Total Equity | ฿4.66 Billion | 100.00% |
S Prime Growth Leasehold Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of S Prime Growth Leasehold Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Toho Titanium Co Ltd
OTCQX:TTNMF
|
$30.69 Million |
|
Heritage Global Inc
NASDAQ:HGBL
|
$30.71 Million |
|
EvoAir Holdings Inc.
PINK:EVOH
|
$30.71 Million |
|
Wysiwyg Studios Co. Ltd
KQ:299900
|
$30.71 Million |
|
SMC Investment Trading JSC
VN:SMC
|
$30.68 Million |
|
TUBOS REUNIDOS A EO -02
F:TU1
|
$30.67 Million |
|
QES Group Bhd
KLSE:0196
|
$30.66 Million |
|
LOOP INDUSTRIES DL-001
F:3L9
|
$30.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in S Prime Growth Leasehold Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,596,868,042 to 4,661,225,576, a change of 64,357,534 (1.4%).
- Net income of 254,226,284 contributed positively to equity growth.
- Dividend payments of 189,868,750 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿254.23 Million | +5.45% |
| Dividends Paid | ฿189.87 Million | -4.07% |
| Total Change | ฿- | 1.40% |
Book Value vs Market Value Analysis
This analysis compares S Prime Growth 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: 0.33x
- 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 |
|---|---|---|---|
| 2019-12-31 | ฿9.28 | ฿3.46 | x |
| 2020-12-31 | ฿9.74 | ฿3.46 | x |
| 2021-12-31 | ฿10.15 | ฿3.46 | x |
| 2022-12-31 | ฿10.24 | ฿3.46 | x |
| 2023-12-31 | ฿10.33 | ฿3.46 | x |
| 2024-12-31 | ฿10.29 | ฿3.46 | x |
| 2025-12-31 | ฿10.43 | ฿3.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently S Prime Growth 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): 5.45%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 55.84%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.32x
- Recent ROE (5.45%) is below the historical average (5.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -3.70% | -29.67% | 0.09x | 1.34x | ฿-567.96 Million |
| 2020 | 10.97% | 92.85% | 0.09x | 1.33x | ฿42.22 Million |
| 2021 | 9.74% | 91.33% | 0.08x | 1.31x | ฿-11.75 Million |
| 2022 | 6.91% | 62.36% | 0.08x | 1.36x | ฿-141.50 Million |
| 2023 | 6.66% | 56.40% | 0.09x | 1.35x | ฿-154.15 Million |
| 2024 | 4.60% | 42.53% | 0.08x | 1.34x | ฿-248.03 Million |
| 2025 | 5.45% | 55.84% | 0.07x | 1.32x | ฿-211.90 Million |
Industry Comparison
This section compares S Prime Growth 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: $7,413,995,407
- Average return on equity (ROE) among peers: 6.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| S Prime Growth Leasehold Real Estate Investment Trust (SPRIME) | ฿4.66 Billion | -3.70% | 0.32x | $30.69 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 |
| KTBST Mixed Leasehold Real Estate Investment Trust (KTBSTMR) | $3.10 Billion | 7.81% | 0.44x | $27.67 Million |
| LH Shopping Centers Leasehold (LHSC) | $4.99 Billion | 0.00% | 0.34x | $267.53 Million |
| WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust (WHART) | $9.54 Billion | 3.98% | 0.46x | $737.43 Million |