Resilient Property Income Fund Ltd
Resilient REIT Limited ("Resilient" or the "Company") is a retail-focused Real Estate Investment Trust ("REIT") listed on the JSE Limited ("JSE"). Its strategy is to invest in dominant retail centres with a minimum of three anchor tenants and let predominantly to national retailers. A core competency is its strong development skills which support new developments and the reconfiguration of existi… Read more
Resilient Property Income Fund Ltd (RES) - Net Assets
Latest net assets as of June 2025: ZAC23.70 Billion ZAC
Based on the latest financial reports, Resilient Property Income Fund Ltd (RES) has net assets worth ZAC23.70 Billion ZAC as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC38.24 Billion) and total liabilities (ZAC14.54 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 | ZAC23.70 Billion |
| % of Total Assets | 61.97% |
| Annual Growth Rate | 18.01% |
| 5-Year Change | 25.59% |
| 10-Year Change | -24.23% |
| Growth Volatility | 32.22 |
Resilient Property Income Fund Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Resilient Property Income Fund Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Resilient Property Income Fund Ltd (2005–2025)
The table below shows the annual net assets of Resilient Property Income Fund Ltd from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | ZAC23.37 Billion | +8.02% |
| 2024-06-30 | ZAC21.64 Billion | +9.59% |
| 2023-06-30 | ZAC19.74 Billion | +5.46% |
| 2022-06-30 | ZAC18.72 Billion | +0.59% |
| 2021-06-30 | ZAC18.61 Billion | -3.44% |
| 2020-06-30 | ZAC19.27 Billion | -23.37% |
| 2019-06-30 | ZAC25.15 Billion | +9.84% |
| 2018-06-30 | ZAC22.90 Billion | -28.96% |
| 2017-06-30 | ZAC32.23 Billion | +4.50% |
| 2016-06-30 | ZAC30.85 Billion | +17.65% |
| 2015-06-30 | ZAC26.22 Billion | +57.86% |
| 2014-06-30 | ZAC16.61 Billion | +107.42% |
| 2013-06-30 | ZAC8.01 Billion | +21.79% |
| 2012-06-30 | ZAC6.57 Billion | +26.02% |
| 2011-06-30 | ZAC5.22 Billion | +28.06% |
| 2010-06-30 | ZAC4.07 Billion | +20.97% |
| 2009-06-30 | ZAC3.37 Billion | +52.99% |
| 2008-06-30 | ZAC2.20 Billion | +65.22% |
| 2007-06-30 | ZAC1.33 Billion | -4.43% |
| 2006-06-30 | ZAC1.39 Billion | +63.70% |
| 2005-06-30 | ZAC851.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Resilient Property Income 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 grown by 1395309500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC13.95 Billion | 60.53% |
| Common Stock | ZAC10.50 Billion | 45.56% |
| Total Equity | ZAC23.05 Billion | 100.00% |
Resilient Property Income Fund Ltd Competitors by Market Cap
The table below lists competitors of Resilient Property Income Fund Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
In The F
KO:014990
|
$14.54 Million |
|
Eastwood Bio-Medical Canada Inc
PINK:EWOOF
|
$14.54 Million |
|
Vext Science Inc
OTCQX:VEXTF
|
$14.55 Million |
|
PPK Group Limited
PINK:PLPKF
|
$14.55 Million |
|
FreeMs Corporation
KQ:053160
|
$14.54 Million |
|
Alan Allman Associates SA
PA:AAA
|
$14.54 Million |
|
Akme Fintrade India Ltd
NSE:AFIL
|
$14.54 Million |
|
Bioleaders Corporation
KQ:142760
|
$14.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Resilient Property Income Fund Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 21,968,199,000 to 23,050,383,000, a change of 1,082,184,000 (4.9%).
- Net income of 2,880,004,000 contributed positively to equity growth.
- Share repurchases of 14,125,000 reduced equity.
- Other comprehensive income decreased equity by 1,397,421,000.
- Other factors decreased equity by 386,274,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC2.88 Billion | +12.49% |
| Share Repurchases | ZAC14.12 Million | -0.06% |
| Other Comprehensive Income | ZAC-1.40 Billion | -6.06% |
| Other Changes | ZAC-386.27 Million | -1.68% |
| Total Change | ZAC- | 4.93% |
Book Value vs Market Value Analysis
This analysis compares Resilient Property Income 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: 114.83x
- 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 decreased from 889.94x to 114.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-06-30 | ZAC8.87 | ZAC7892.00 | x |
| 2008-06-30 | ZAC13.06 | ZAC7892.00 | x |
| 2009-06-30 | ZAC13.99 | ZAC7892.00 | x |
| 2010-06-30 | ZAC15.82 | ZAC7892.00 | x |
| 2011-06-30 | ZAC19.96 | ZAC7892.00 | x |
| 2012-06-30 | ZAC23.98 | ZAC7892.00 | x |
| 2013-06-30 | ZAC29.01 | ZAC7892.00 | x |
| 2014-06-30 | ZAC54.74 | ZAC7892.00 | x |
| 2015-06-30 | ZAC77.33 | ZAC7892.00 | x |
| 2016-06-30 | ZAC79.47 | ZAC7892.00 | x |
| 2017-06-30 | ZAC91.33 | ZAC7892.00 | x |
| 2018-06-30 | ZAC61.95 | ZAC7892.00 | x |
| 2019-06-30 | ZAC68.33 | ZAC7892.00 | x |
| 2020-06-30 | ZAC53.63 | ZAC7892.00 | x |
| 2021-06-30 | ZAC52.04 | ZAC7892.00 | x |
| 2022-06-30 | ZAC51.91 | ZAC7892.00 | x |
| 2023-06-30 | ZAC56.44 | ZAC7892.00 | x |
| 2024-06-30 | ZAC65.15 | ZAC7892.00 | x |
| 2025-06-30 | ZAC68.73 | ZAC7892.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Resilient Property Income 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): 12.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 78.87%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.65x
- Recent ROE (12.49%) is below the historical average (14.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 33.17% | 158.15% | 0.12x | 1.78x | ZAC197.31 Million |
| 2006 | 42.03% | 336.25% | 0.09x | 1.37x | ZAC446.54 Million |
| 2007 | 29.70% | 205.96% | 0.06x | 2.25x | ZAC262.53 Million |
| 2008 | 24.74% | 195.51% | 0.06x | 1.98x | ZAC324.52 Million |
| 2009 | 4.19% | 34.66% | 0.06x | 2.04x | ZAC-195.61 Million |
| 2010 | 11.06% | 82.15% | 0.07x | 2.02x | ZAC43.19 Million |
| 2011 | 19.05% | 169.10% | 0.06x | 1.91x | ZAC472.18 Million |
| 2012 | 11.72% | 87.87% | 0.07x | 1.99x | ZAC112.74 Million |
| 2013 | 15.13% | 101.69% | 0.07x | 1.99x | ZAC410.80 Million |
| 2014 | 20.05% | 255.68% | 0.05x | 1.48x | ZAC1.67 Billion |
| 2015 | 21.08% | 291.34% | 0.05x | 1.32x | ZAC2.87 Billion |
| 2016 | 12.88% | 174.87% | 0.05x | 1.35x | ZAC877.21 Million |
| 2017 | 9.84% | 132.86% | 0.05x | 1.45x | ZAC-50.34 Million |
| 2018 | -14.53% | -85.87% | 0.10x | 1.78x | ZAC-5.60 Billion |
| 2019 | 18.24% | 120.59% | 0.10x | 1.48x | ZAC2.07 Billion |
| 2020 | -19.50% | -101.33% | 0.12x | 1.67x | ZAC-5.73 Billion |
| 2021 | 1.82% | 11.95% | 0.10x | 1.59x | ZAC-1.54 Billion |
| 2022 | 9.52% | 116.44% | 0.05x | 1.64x | ZAC-90.46 Million |
| 2023 | 19.10% | 108.19% | 0.11x | 1.68x | ZAC1.81 Billion |
| 2024 | 16.06% | 96.01% | 0.10x | 1.62x | ZAC1.33 Billion |
| 2025 | 12.49% | 78.87% | 0.10x | 1.65x | ZAC574.97 Million |
Industry Comparison
This section compares Resilient Property Income Fund Ltd's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $5,706,312,695
- Average return on equity (ROE) among peers: 12.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Resilient Property Income Fund Ltd (RES) | ZAC23.70 Billion | 33.17% | 0.61x | $14.54 Million |
| Accelerate Property Fund Ltd (APF) | $7.34 Billion | 12.24% | 0.69x | $750.08K |
| Dipula Income Fund Ltd (DIB) | $4.33 Billion | 15.40% | 0.69x | $3.62 Million |
| Exemplar REITail Ltd (EXP) | $3.76 Billion | 9.62% | 0.63x | $1.63 Million |
| Fairvest Ltd (FTA) | $11.14 Billion | 13.16% | 0.42x | $18.93 Million |
| Arrowhead Properties Ltd B (FTB) | $7.75 Billion | 9.11% | 0.63x | $7.38 Million |
| Hyprop (HYP) | $4.25 Billion | 8.28% | 1.23x | $12.10 Million |
| Vukile Property Fund Ltd (VKE) | $1.38 Billion | 17.05% | 3.07x | $18.83 Million |