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 ฿6.46 Billion THB (≈ $201.41 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿9.16 Billion ≈ $285.49 Million USD) and total liabilities (฿2.70 Billion ≈ $84.08 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 Thailand Prime Property Freehold and Lea tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿6.46 Billion |
| % of Total Assets | 70.55% |
| Annual Growth Rate | 1.73% |
| 5-Year Change | -4.81% |
| 10-Year Change | N/A |
| Growth Volatility | 3.51 |
Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust - Net Assets Trend (2016–2025)
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. See TPRIME defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust (2016–2025)
The table below shows the annual net assets of Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust from 2016 to 2025. For live valuation and market cap data, see Thailand Prime Property Freehold and Lea (TPRIME) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿6.46 Billion ≈ $201.41 Million |
-1.53% |
| 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 2913.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.95 Billion | 30.22% |
| Other Components | ฿4.51 Billion | 69.78% |
| Total Equity | ฿6.46 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 |
|---|---|
|
Lara Exploration Ltd.
V:LRA
|
$131.41 Million |
|
China New Higher Education Group Limited
F:8CN
|
$131.41 Million |
|
Penta Teknoloji Urunleri Dagitim Ticaret AS
IS:PENTA
|
$131.50 Million |
|
Fate Therapeutics Inc
NASDAQ:FATE
|
$131.50 Million |
|
CVRx Inc
NASDAQ:CVRX
|
$131.35 Million |
|
Rentokil Initial PLC
LSE:RTO
|
$131.32 Million |
|
Veritone Inc
NASDAQ:VERI
|
$131.28 Million |
|
Alam Sutera Realty Tbk
JK:ASRI
|
$131.26 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 2024 to 2025, total equity changed from 6,562,542,502 to 6,461,943,236, a change of -100,599,266 (-1.5%).
- Net income of 203,372,096 contributed positively to equity growth.
- Dividend payments of 225,241,500 reduced retained earnings.
- Share repurchases of 79,059,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿203.37 Million | +3.15% |
| Dividends Paid | ฿225.24 Million | -3.49% |
| Share Repurchases | ฿79.06 Million | -1.22% |
| Other Changes | ฿329.14K | +0.01% |
| Total Change | ฿- | -1.53% |
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: 0.65x
- 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 0.76x to 0.65x 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 | ฿7.70 | x |
| 2017-12-31 | ฿10.70 | ฿7.70 | x |
| 2018-12-31 | ฿11.25 | ฿7.70 | x |
| 2019-12-31 | ฿11.73 | ฿7.70 | x |
| 2020-12-31 | ฿12.49 | ฿7.70 | x |
| 2021-12-31 | ฿12.40 | ฿7.70 | x |
| 2022-12-31 | ฿12.33 | ฿7.70 | x |
| 2023-12-31 | ฿12.47 | ฿7.70 | x |
| 2024-12-31 | ฿11.99 | ฿7.70 | x |
| 2025-12-31 | ฿11.80 | ฿7.70 | 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): 3.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.22%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.42x
- Recent ROE (3.15%) is below the historical average (5.90%), 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 |
| 2025 | 3.15% | 26.22% | 0.08x | 1.42x | ฿-442.82 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: $6,143,231,243
- Average return on equity (ROE) among peers: 3.02%
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) | ฿6.46 Billion | 1.17% | 0.42x | $131.40 Million |
| Bhiraj Office Leasehold Real Estate Investment Trust (BOFFICE) | $7.40 Billion | 0.82% | 0.37x | $120.74 Million |
| Golden Ventures Leasehold Real Estate Investment Trust (GVREIT) | $9.01 Billion | 7.13% | 0.36x | $189.20 Million |
| WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (WHABT) | $2.02 Billion | 1.12% | 0.26x | $37.15 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