Sub Sri Thai Real Estate Investment Trust
Sub Sri Thai Real Estate Investment Trust is a real estate investment trust externally managed by SST REIT Management Company Limited. The firm policy is to invest in main assets that are immovable property or lease rights of immovable property (including sub-lease right to of immovable property) and assets that are the fixtures or accessories of such immovable property, including constructions a… Read more
Sub Sri Thai Real Estate Investment Trust (SSTRT) - Net Assets
Latest net assets as of December 2025: ฿1.57 Billion THB
Based on the latest financial reports, Sub Sri Thai Real Estate Investment Trust (SSTRT) has net assets worth ฿1.57 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 (฿1.71 Billion) and total liabilities (฿144.41 Million). 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 | ฿1.57 Billion |
| % of Total Assets | 91.56% |
| Annual Growth Rate | 5.79% |
| 5-Year Change | 23.11% |
| 10-Year Change | 82.41% |
| Growth Volatility | 28.5 |
Sub Sri Thai Real Estate Investment Trust - Net Assets Trend (2014–2025)
This chart illustrates how Sub Sri Thai 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 Sub Sri Thai Real Estate Investment Trust (2014–2025)
The table below shows the annual net assets of Sub Sri Thai Real Estate Investment Trust from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿1.57 Billion | +1.42% |
| 2024-12-31 | ฿1.54 Billion | +1.12% |
| 2023-12-31 | ฿1.53 Billion | +2.64% |
| 2022-12-31 | ฿1.49 Billion | +16.96% |
| 2021-12-31 | ฿1.27 Billion | +0.14% |
| 2020-12-31 | ฿1.27 Billion | +3.73% |
| 2019-12-31 | ฿1.22 Billion | +93.53% |
| 2018-12-31 | ฿632.94 Million | +0.05% |
| 2017-12-31 | ฿632.59 Million | -26.34% |
| 2016-12-31 | ฿858.75 Million | +0.69% |
| 2015-12-31 | ฿852.89 Million | +1.08% |
| 2014-12-31 | ฿843.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sub Sri Thai 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 535.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿150.95 Million | 9.64% |
| Other Components | ฿1.42 Billion | 90.36% |
| Total Equity | ฿1.57 Billion | 100.00% |
Sub Sri Thai Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Sub Sri Thai Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GNCO Co. Ltd
KQ:065060
|
$12.21 Million |
|
Zakłady Lentex SA
WAR:LTX
|
$12.22 Million |
|
ABO-Group Environment N.V.
LSE:0QXA
|
$12.22 Million |
|
Southern Cross Media Group Limited
PINK:SOUTF
|
$12.23 Million |
|
Inotiv Inc
NASDAQ:NOTV
|
$12.21 Million |
|
AMIGO HLDGS PLC. LS-0025
F:0VG
|
$12.21 Million |
|
Tander Inversiones SOCIMI SA
MC:YTAN
|
$12.20 Million |
|
Oriental Carbon & Chemicals Limited
NSE:OCCL
|
$12.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sub Sri Thai Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,544,600,843 to 1,566,479,708, a change of 21,878,865 (1.4%).
- Net income of 98,338,865 contributed positively to equity growth.
- Dividend payments of 76,460,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿98.34 Million | +6.28% |
| Dividends Paid | ฿76.46 Million | -4.88% |
| Other Changes | ฿-0.00 | -0.0% |
| Total Change | ฿- | 1.42% |
Book Value vs Market Value Analysis
This analysis compares Sub Sri Thai 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: 0.52x
- 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 0.41x to 0.52x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ฿10.29 | ฿4.26 | x |
| 2015-12-31 | ฿10.40 | ฿4.26 | x |
| 2016-12-31 | ฿10.47 | ฿4.26 | x |
| 2017-12-31 | ฿7.71 | ฿4.26 | x |
| 2018-12-31 | ฿7.72 | ฿4.26 | x |
| 2019-12-31 | ฿7.84 | ฿4.26 | x |
| 2020-12-31 | ฿8.13 | ฿4.26 | x |
| 2021-12-31 | ฿8.14 | ฿4.26 | x |
| 2022-12-31 | ฿7.79 | ฿4.26 | x |
| 2023-12-31 | ฿7.99 | ฿4.26 | x |
| 2024-12-31 | ฿8.08 | ฿4.26 | x |
| 2025-12-31 | ฿8.20 | ฿4.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sub Sri Thai 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): 6.28%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 72.28%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.09x
- Recent ROE (6.28%) is above the historical average (5.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 2.81% | 90.20% | 0.03x | 1.04x | ฿-60.64 Million |
| 2015 | 6.94% | 90.55% | 0.07x | 1.04x | ฿-26.12 Million |
| 2016 | 7.19% | 94.26% | 0.07x | 1.04x | ฿-24.11 Million |
| 2017 | 0.18% | 47.13% | 0.00x | 1.44x | ฿-62.12 Million |
| 2018 | 7.16% | 67.00% | 0.07x | 1.44x | ฿-17.99 Million |
| 2019 | 2.69% | 48.07% | 0.04x | 1.26x | ฿-89.57 Million |
| 2020 | 6.29% | 67.59% | 0.08x | 1.22x | ฿-47.11 Million |
| 2021 | 6.47% | 69.77% | 0.08x | 1.22x | ฿-44.94 Million |
| 2022 | 5.62% | 70.75% | 0.07x | 1.18x | ฿-65.25 Million |
| 2023 | 7.57% | 84.95% | 0.08x | 1.14x | ฿-37.10 Million |
| 2024 | 6.06% | 68.56% | 0.08x | 1.12x | ฿-60.92 Million |
| 2025 | 6.28% | 72.28% | 0.08x | 1.09x | ฿-58.31 Million |
Industry Comparison
This section compares Sub Sri Thai Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $4,224,262,319
- Average return on equity (ROE) among peers: 9.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sub Sri Thai Real Estate Investment Trust (SSTRT) | ฿1.57 Billion | 2.81% | 0.09x | $12.21 Million |
| Amata Summit Growth Freehold and Leasehold Real Estate Investment Trust (AMATAR) | $3.64 Billion | 8.51% | 0.37x | $55.37 Million |
| Ticon Freehold and Leasehold Real Estate Investment Trust (FTREIT) | $5.75 Billion | 8.49% | 0.35x | $623.59 Million |
| MFC Industrial Real Estate Investment Trust (MIT) | $876.78 Million | 14.57% | 0.58x | $841.78K |
| Prospect Logistics and Industrial Leasehold Real Estate Investment Trust (PROSPECT) | $3.45 Billion | 8.29% | 0.55x | $66.94 Million |
| WHA Industrial Leasehold REIT (WHAIR) | $7.41 Billion | 8.22% | 0.55x | $170.24 Million |