Rebosis Property Fund Ltd (REA) - Net Assets
Based on the latest financial reports, Rebosis Property Fund Ltd (REA) has net assets worth ZAC3.12 Billion ZAC (≈ $1.66 Million USD) as of February 2022. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC13.30 Billion ≈ $7.07 Million USD) and total liabilities (ZAC10.18 Billion ≈ $5.41 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 Rebosis Property Fund Ltd (REA) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC3.12 Billion |
| % of Total Assets | 23.44% |
| Annual Growth Rate | -5.22% |
| 5-Year Change | -73.09% |
| 10-Year Change | N/A |
| Growth Volatility | 36.77 |
Rebosis Property Fund Ltd - Net Assets Trend (2014–2021)
This chart illustrates how Rebosis Property Fund Ltd's net assets have evolved over time, based on quarterly financial data. Also explore REA total assets for the complete picture of this company's asset base.
Annual Net Assets for Rebosis Property Fund Ltd (2014–2021)
The table below shows the annual net assets of Rebosis Property Fund Ltd from 2014 to 2021. For live valuation and market cap data, see REA company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2021-08-31 | ZAC3.19 Billion ≈ $1.69 Million |
-8.37% |
| 2020-08-31 | ZAC3.48 Billion ≈ $1.85 Million |
-39.33% |
| 2019-08-31 | ZAC5.73 Billion ≈ $3.05 Million |
-45.18% |
| 2018-08-31 | ZAC10.46 Billion ≈ $5.56 Million |
-11.70% |
| 2017-08-31 | ZAC11.85 Billion ≈ $6.30 Million |
+25.21% |
| 2016-08-31 | ZAC9.46 Billion ≈ $5.03 Million |
+21.67% |
| 2015-08-31 | ZAC7.78 Billion ≈ $4.13 Million |
+67.66% |
| 2014-08-31 | ZAC4.64 Billion ≈ $2.47 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Rebosis Property Fund Ltd'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 decreased by 582693800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ZAC9.02 Billion | 282.77% |
| Total Equity | ZAC3.19 Billion | 100.00% |
Rebosis Property Fund Ltd Competitors by Market Cap
The table below lists competitors of Rebosis Property Fund Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Route1 Inc
V:ROI
|
$3.23 Million |
|
City Office
NYSE:CIO
|
$3.23 Million |
|
ETRUSCUS RESOURCES CORP.
F:ERR
|
$3.23 Million |
|
iCoreConnect Inc. Common stock
NASDAQ:ICCT
|
$3.23 Million |
|
KC Property PLC
BK:KC
|
$3.23 Million |
|
Albion Technology & General VCT PLC
LSE:AATG
|
$3.22 Million |
|
Nawarat Patanakarn Public Company Limited
BK:NWR
|
$3.22 Million |
|
Australian Pacific Coal Ltd
AU:AQC
|
$3.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rebosis Property Fund Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 3,479,486,000 to 3,188,130,000, a change of -291,356,000 (-8.4%).
- Net loss of 291,355,000 reduced equity.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC-291.36 Million | -9.14% |
| Other Changes | ZAC-1.00K | -0.0% |
| Total Change | ZAC- | -8.37% |
Book Value vs Market Value Analysis
This analysis compares Rebosis Property Fund Ltd'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: 22.89x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 5.70x to 22.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-08-31 | ZAC16.85 | ZAC96.00 | x |
| 2018-08-31 | ZAC13.76 | ZAC96.00 | x |
| 2019-08-31 | ZAC7.54 | ZAC96.00 | x |
| 2020-08-31 | ZAC4.58 | ZAC96.00 | x |
| 2021-08-31 | ZAC4.19 | ZAC96.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rebosis Property Fund Ltd 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): -9.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.74%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 4.24x
- Recent ROE (-9.14%) is below the historical average (-2.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 14.78% | 77.52% | 0.11x | 1.69x | ZAC221.66 Million |
| 2015 | 9.83% | 57.95% | 0.07x | 2.46x | ZAC-10.63 Million |
| 2016 | 22.18% | 93.12% | 0.10x | 2.48x | ZAC937.33 Million |
| 2017 | 21.28% | 133.86% | 0.08x | 1.91x | ZAC1.34 Billion |
| 2018 | -8.83% | -40.86% | 0.10x | 2.08x | ZAC-1.97 Billion |
| 2019 | -73.97% | -230.28% | 0.11x | 2.84x | ZAC-4.82 Billion |
| 2020 | 3.13% | 6.32% | 0.13x | 3.95x | ZAC-238.98 Million |
| 2021 | -9.14% | -17.74% | 0.12x | 4.24x | ZAC-610.17 Million |
Industry Comparison
This section compares Rebosis Property Fund Ltd's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $14,391,411,927
- Average return on equity (ROE) among peers: 7.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rebosis Property Fund Ltd (REA) | ZAC3.12 Billion | 14.78% | 3.27x | $3.23 Million |
| aReit Prop Ltd (APO) | $923.52 Million | 4.29% | 0.00x | $158.90K |
| Attacq (ATT) | $4.42 Billion | 6.09% | 0.59x | $619.20 Million |
| Burstone Group Limited (BTN) | $14.65 Billion | 11.65% | 1.13x | $401.42 Million |
| Emira Property Fund (EMI) | $6.59 Billion | 21.87% | 0.53x | $347.53 Million |
| Growthpoint Properties Ltd (GRT) | $80.60 Billion | -0.62% | 0.92x | $2.95 Billion |
| Oasis Crescent Property Fund (OAS) | $894.74 Million | 7.78% | 0.04x | $1.00 Million |
| Octodec (OCT) | $7.58 Billion | 3.90% | 0.73x | $234.98 Million |
| Redefine Properties Ltd (RDF) | $4.40 Billion | -3.58% | 1.43x | $2.32 Billion |
| Rebosis (REB) | $9.46 Billion | 18.04% | 1.02x | $5.93 Million |
About Rebosis Property Fund Ltd
Rebosis is a JSE listed real estate investment trust (REIT) with a high quality diversified portfolio across commercial and retail assets. The majority of its commercial income enjoys a sovereign underpin from national, provincial and local government departments across 35 buildings. The retail portfolio has a mix of regional and super regional malls, spread across Gauteng and the Eastern Cape.