WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust
WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust is a real estate investment trust externally managed by WHA Real Estate Management Company Limited. The firm invests mostly in property or property leasehold rights and generate benefit from such properties including to improve, alter, develop or dispose other assets in which the Trust invest or possess whatsoever lease, sub-l… Read more
WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust (WHART) - Net Assets
Latest net assets as of December 2025: ฿36.59 Billion THB
Based on the latest financial reports, WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust (WHART) has net assets worth ฿36.59 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 (฿54.48 Billion) and total liabilities (฿17.88 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 | ฿36.59 Billion |
| % of Total Assets | 67.17% |
| Annual Growth Rate | 25.1% |
| 5-Year Change | 7.83% |
| 10-Year Change | 283.53% |
| Growth Volatility | 37.8 |
WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust - Net Assets Trend (2014–2025)
This chart illustrates how WHA Premium Growth Freehold And 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 WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust (2014–2025)
The table below shows the annual net assets of WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿36.59 Billion | -0.90% |
| 2024-12-31 | ฿36.93 Billion | -1.42% |
| 2023-12-31 | ฿37.46 Billion | +4.29% |
| 2022-12-31 | ฿35.92 Billion | +5.84% |
| 2021-12-31 | ฿33.94 Billion | +11.59% |
| 2020-12-31 | ฿30.41 Billion | +11.34% |
| 2019-12-31 | ฿27.32 Billion | +24.26% |
| 2018-12-31 | ฿21.98 Billion | +15.10% |
| 2017-12-31 | ฿19.10 Billion | +100.18% |
| 2016-12-31 | ฿9.54 Billion | +45.83% |
| 2015-12-31 | ฿6.54 Billion | +110.06% |
| 2014-12-31 | ฿3.11 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to WHA Premium Growth 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 6178.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿420.75 Million | 1.15% |
| Other Components | ฿36.17 Billion | 98.85% |
| Total Equity | ฿36.59 Billion | 100.00% |
WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aecon Group Inc
PINK:AEGXF
|
$737.44 Million |
|
Medartis Holding AG
PINK:MDRSF
|
$737.57 Million |
|
Hanmi Financial Corporation
NASDAQ:HAFC
|
$737.82 Million |
|
Ratos AB (publ)
PINK:RTOBF
|
$737.88 Million |
|
LegalZoom.com Inc
NASDAQ:LZ
|
$736.98 Million |
|
Cartesian Growth Corporation II Warrant
NASDAQ:RENEW
|
$736.93 Million |
|
Shanghai Fullhan Microelectronics Co Ltd
SHE:300613
|
$736.48 Million |
|
Zhejiang Garden Bio-chemical High-tech Co Ltd
SHE:300401
|
$736.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WHA Premium Growth 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 36,925,974,586 to 36,592,826,630, a change of -333,147,956 (-0.9%).
- Net income of 2,349,805,734 contributed positively to equity growth.
- Dividend payments of 2,400,244,253 reduced retained earnings.
- Share repurchases of 282,709,437 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿2.35 Billion | +6.42% |
| Dividends Paid | ฿2.40 Billion | -6.56% |
| Share Repurchases | ฿282.71 Million | -0.77% |
| Total Change | ฿- | -0.90% |
Book Value vs Market Value Analysis
This analysis compares WHA Premium Growth 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: 0.98x
- 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 |
|---|---|---|---|
| 2014-12-31 | ฿10.02 | ฿10.30 | x |
| 2015-12-31 | ฿9.54 | ฿10.30 | x |
| 2016-12-31 | ฿9.53 | ฿10.30 | x |
| 2017-12-31 | ฿9.44 | ฿10.30 | x |
| 2018-12-31 | ฿9.59 | ฿10.30 | x |
| 2019-12-31 | ฿10.59 | ฿10.30 | x |
| 2020-12-31 | ฿10.91 | ฿10.30 | x |
| 2021-12-31 | ฿11.07 | ฿10.30 | x |
| 2022-12-31 | ฿10.97 | ฿10.30 | x |
| 2023-12-31 | ฿10.80 | ฿10.30 | x |
| 2024-12-31 | ฿10.65 | ฿10.30 | x |
| 2025-12-31 | ฿10.55 | ฿10.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WHA Premium Growth 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): 6.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 66.99%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.49x
- Recent ROE (6.42%) is above the historical average (5.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 2.58% | 46.62% | 0.04x | 1.48x | ฿-231.04 Million |
| 2015 | 1.82% | 35.75% | 0.03x | 1.47x | ฿-535.38 Million |
| 2016 | 3.98% | 53.51% | 0.05x | 1.46x | ฿-574.29 Million |
| 2017 | 3.55% | 62.81% | 0.04x | 1.46x | ฿-1.23 Billion |
| 2018 | 6.70% | 74.40% | 0.06x | 1.49x | ฿-725.32 Million |
| 2019 | 7.01% | 84.57% | 0.06x | 1.40x | ฿-816.99 Million |
| 2020 | 7.49% | 89.14% | 0.06x | 1.40x | ฿-763.02 Million |
| 2021 | 6.07% | 80.03% | 0.05x | 1.43x | ฿-1.33 Billion |
| 2022 | 6.45% | 72.91% | 0.06x | 1.44x | ฿-1.27 Billion |
| 2023 | 5.99% | 66.09% | 0.06x | 1.48x | ฿-1.50 Billion |
| 2024 | 5.20% | 54.58% | 0.06x | 1.48x | ฿-1.77 Billion |
| 2025 | 6.42% | 66.99% | 0.06x | 1.49x | ฿-1.31 Billion |
Industry Comparison
This section compares WHA Premium Growth Freehold And 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: $6,428,854,736
- Average return on equity (ROE) among peers: 7.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust (WHART) | ฿36.59 Billion | 2.58% | 0.49x | $737.43 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 |
| S Prime Growth Leasehold Real Estate Investment Trust (SPRIME) | $4.62 Billion | 6.66% | 0.35x | $30.69 Million |