Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust (TPRIME) - Net Assets
Based on the latest financial reports, Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust (TPRIME) has net assets worth ฿6.47 Billion THB (≈ $201.51 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿9.15 Billion ≈ $285.15 Million USD) and total liabilities (฿2.68 Billion ≈ $83.64 Million 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 Thailand Prime Property Freehold and Lea to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿6.47 Billion |
| % of Total Assets | 70.67% |
| Annual Growth Rate | 2.14% |
| 5-Year Change | -4.04% |
| 10-Year Change | N/A |
| Growth Volatility | 3.51 |
Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust - Net Assets Trend (2016–2024)
This chart illustrates how Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Also explore Thailand Prime Property Freehold and Lea assets under control for the complete picture of this company's asset base.
Annual Net Assets for Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust (2016–2024)
The table below shows the annual net assets of Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust from 2016 to 2024. For live valuation and market cap data, see Thailand Prime Property Freehold and Lea (TPRIME) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿6.56 Billion ≈ $204.55 Million |
-3.90% |
| 2023-12-31 | ฿6.83 Billion ≈ $212.86 Million |
+1.15% |
| 2022-12-31 | ฿6.75 Billion ≈ $210.43 Million |
-0.54% |
| 2021-12-31 | ฿6.79 Billion ≈ $211.58 Million |
-0.74% |
| 2020-12-31 | ฿6.84 Billion ≈ $213.16 Million |
+6.53% |
| 2019-12-31 | ฿6.42 Billion ≈ $200.10 Million |
+4.22% |
| 2018-12-31 | ฿6.16 Billion ≈ $192.01 Million |
+5.19% |
| 2017-12-31 | ฿5.86 Billion ≈ $182.54 Million |
+5.71% |
| 2016-12-31 | ฿5.54 Billion ≈ $172.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thailand Prime Property Freehold and 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 2946.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.97 Billion | 30.09% |
| Other Components | ฿4.59 Billion | 69.91% |
| Total Equity | ฿6.56 Billion | 100.00% |
Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Delaware Investments Florida MIF
NYSE MKT:VFL
|
$123.76 Million |
|
Daishin Balance 1
KQ:217270
|
$123.76 Million |
|
Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama AS
IS:INTEM
|
$123.83 Million |
|
LG HelloVision Corp
KO:037560
|
$123.86 Million |
|
Amicorp FS (UK) PLC
LSE:AMIF
|
$123.70 Million |
|
NMP Acquisition Corp.
NASDAQ:NMP
|
$123.68 Million |
|
Chime Ball Technology Co Ltd
TWO:1595
|
$123.67 Million |
|
Global Graphics PLC
BR:HYSG
|
$123.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thailand Prime Property Freehold and 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 6,829,109,293 to 6,562,542,502, a change of -266,566,791 (-3.9%).
- Net income of 45,210,575 contributed positively to equity growth.
- Dividend payments of 235,589,250 reduced retained earnings.
- Share repurchases of 76,157,250 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿45.21 Million | +0.69% |
| Dividends Paid | ฿235.59 Million | -3.59% |
| Share Repurchases | ฿76.16 Million | -1.16% |
| Other Changes | ฿-30.87K | -0.0% |
| Total Change | ฿- | -3.90% |
Book Value vs Market Value Analysis
This analysis compares Thailand Prime Property Freehold and 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: 0.60x
- 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 0.72x to 0.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ฿10.13 | ฿7.25 | x |
| 2017-12-31 | ฿10.70 | ฿7.25 | x |
| 2018-12-31 | ฿11.25 | ฿7.25 | x |
| 2019-12-31 | ฿11.73 | ฿7.25 | x |
| 2020-12-31 | ฿12.49 | ฿7.25 | x |
| 2021-12-31 | ฿12.40 | ฿7.25 | x |
| 2022-12-31 | ฿12.33 | ฿7.25 | x |
| 2023-12-31 | ฿12.47 | ฿7.25 | x |
| 2024-12-31 | ฿11.99 | ฿7.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thailand Prime Property Freehold and 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): 0.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.87%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.41x
- Recent ROE (0.69%) is below the historical average (6.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 1.17% | 39.97% | 0.02x | 1.46x | ฿-489.29 Million |
| 2017 | 5.14% | 36.28% | 0.10x | 1.43x | ฿-284.88 Million |
| 2018 | 11.19% | 74.33% | 0.11x | 1.42x | ฿73.23 Million |
| 2019 | 10.43% | 68.90% | 0.11x | 1.40x | ฿27.64 Million |
| 2020 | 12.40% | 92.97% | 0.10x | 1.39x | ฿164.29 Million |
| 2021 | 4.66% | 39.38% | 0.08x | 1.40x | ฿-362.64 Million |
| 2022 | 4.53% | 39.85% | 0.08x | 1.41x | ฿-369.33 Million |
| 2023 | 5.65% | 48.04% | 0.08x | 1.40x | ฿-297.34 Million |
| 2024 | 0.69% | 5.87% | 0.08x | 1.41x | ฿-611.04 Million |
Industry Comparison
This section compares Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $5,966,504,215
- Average return on equity (ROE) among peers: 3.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust (TPRIME) | ฿6.47 Billion | 1.17% | 0.42x | $123.72 Million |
| Bhiraj Office Leasehold Real Estate Investment Trust (BOFFICE) | $7.40 Billion | 0.82% | 0.37x | $129.94 Million |
| Golden Ventures Leasehold Real Estate Investment Trust (GVREIT) | $8.27 Billion | 2.03% | 0.37x | $171.43 Million |
| WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (WHABT) | $2.23 Billion | 8.03% | 0.25x | $35.89 Million |
About Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust
Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust is a real estate investment trust externally managed by SCCP REIT Company Limited. The firm invest in leasehold rights over the Mercury Tower Project and acquiring at least 99.99 per cent. of shares of Exchange Tower Co.,Ltd which owns the Exchange Tower Project. Thailand Prime Property Freehold and Leasehold Real Estate … Read more