WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (WHABT) - Net Assets
Based on the latest financial reports, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (WHABT) has net assets worth ฿2.29 Billion THB (≈ $71.50 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 (฿2.86 Billion ≈ $89.11 Million USD) and total liabilities (฿564.95 Million ≈ $17.61 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 WHA Business Complex Freehold and Leaseh liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿2.29 Billion |
| % of Total Assets | 80.24% |
| Annual Growth Rate | 1.5% |
| 5-Year Change | 5.8% |
| 10-Year Change | N/A |
| Growth Volatility | 0.61 |
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust - Net Assets Trend (2016–2025)
This chart illustrates how WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Also explore WHA Business Complex Freehold and Leaseh total assets for the complete picture of this company's asset base.
Annual Net Assets for WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (2016–2025)
The table below shows the annual net assets of WHA Business Complex Freehold and Leasehold Real Estate Investment Trust from 2016 to 2025. For live valuation and market cap data, see WHA Business Complex Freehold and Leaseh (WHABT) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ฿2.31 Billion ≈ $72.06 Million |
+0.36% |
| 2024-03-31 | ฿2.30 Billion ≈ $71.80 Million |
+1.14% |
| 2023-03-31 | ฿2.28 Billion ≈ $70.99 Million |
+2.14% |
| 2022-03-31 | ฿2.23 Billion ≈ $69.50 Million |
+2.05% |
| 2021-03-31 | ฿2.19 Billion ≈ $68.11 Million |
+1.49% |
| 2020-03-31 | ฿2.15 Billion ≈ $67.10 Million |
+1.60% |
| 2019-03-31 | ฿2.12 Billion ≈ $66.05 Million |
+2.45% |
| 2018-03-31 | ฿2.07 Billion ≈ $64.47 Million |
+1.25% |
| 2017-03-31 | ฿2.04 Billion ≈ $63.67 Million |
+1.07% |
| 2016-03-31 | ฿2.02 Billion ≈ $63.00 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to WHA Business Complex 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 12046.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿389.04 Million | 16.83% |
| Other Components | ฿1.92 Billion | 83.17% |
| Total Equity | ฿2.31 Billion | 100.00% |
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intchains Group Limited American Depositary Shares
NASDAQ:ICG
|
$35.89 Million |
|
Malin Corporation plc
IR:MLC
|
$35.91 Million |
|
Acrinova AB
ST:ACRI-A
|
$35.91 Million |
|
Sunndal Sparebank
OL:SUNSB
|
$35.93 Million |
|
Akobo Minerals AB (publ)
OL:AKOBO
|
$35.87 Million |
|
Mirae ING Co Ltd
KO:007120
|
$35.85 Million |
|
IRIS Corporation Bhd
KLSE:0010
|
$35.84 Million |
|
Latrobe Magnesium Limited
F:L2Q
|
$35.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WHA Business Complex 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 2,303,510,056 to 2,311,818,041, a change of 8,307,985 (0.4%).
- Net income of 143,344,986 contributed positively to equity growth.
- Dividend payments of 135,037,001 reduced retained earnings.
- Other comprehensive income decreased equity by 2,303,510,056.
- Other factors increased equity by 2,303,510,056.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿143.34 Million | +6.2% |
| Dividends Paid | ฿135.04 Million | -5.84% |
| Other Comprehensive Income | ฿-2.30 Billion | -99.64% |
| Other Changes | ฿2.30 Billion | +99.64% |
| Total Change | ฿- | 0.36% |
Book Value vs Market Value Analysis
This analysis compares WHA Business Complex 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: 0.50x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-03-31 | ฿10.01 | ฿5.70 | x |
| 2017-03-31 | ฿10.11 | ฿5.70 | x |
| 2018-03-31 | ฿10.24 | ฿5.70 | x |
| 2019-03-31 | ฿10.49 | ฿5.70 | x |
| 2020-03-31 | ฿10.66 | ฿5.70 | x |
| 2021-03-31 | ฿10.82 | ฿5.70 | x |
| 2022-03-31 | ฿11.04 | ฿5.70 | x |
| 2023-03-31 | ฿11.28 | ฿5.70 | x |
| 2024-03-31 | ฿11.40 | ฿5.70 | x |
| 2025-03-31 | ฿11.44 | ฿5.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WHA Business Complex 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): 6.20%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 66.66%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.24x
- Recent ROE (6.20%) is below the historical average (6.88%), 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 | 1.12% | 25.88% | 0.03x | 1.26x | ฿-179.54 Million |
| 2017 | 7.17% | 67.93% | 0.08x | 1.27x | ฿-57.89 Million |
| 2018 | 7.41% | 71.94% | 0.08x | 1.27x | ฿-53.58 Million |
| 2019 | 8.36% | 73.56% | 0.09x | 1.27x | ฿-34.68 Million |
| 2020 | 7.72% | 68.86% | 0.09x | 1.27x | ฿-49.17 Million |
| 2021 | 7.61% | 78.51% | 0.08x | 1.26x | ฿-52.15 Million |
| 2022 | 8.03% | 82.00% | 0.08x | 1.25x | ฿-44.04 Million |
| 2023 | 8.06% | 80.45% | 0.08x | 1.24x | ฿-44.19 Million |
| 2024 | 7.10% | 69.78% | 0.08x | 1.24x | ฿-66.78 Million |
| 2025 | 6.20% | 66.66% | 0.07x | 1.24x | ฿-87.84 Million |
Industry Comparison
This section compares WHA Business Complex 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: $7,276,622,436
- Average return on equity (ROE) among peers: 4.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (WHABT) | ฿2.29 Billion | 1.12% | 0.25x | $35.89 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 |
| Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust (TPRIME) | $6.16 Billion | 11.19% | 0.42x | $123.72 Million |
About WHA Business Complex Freehold and Leasehold Real Estate Investment Trust
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust specializes in real estate investing.