AmFIRST Real Estate Investment Trust
Listed on 21 December 2006, AmFIRST REIT currently owns eight (8) properties valued at RM1.57 billion. These include Bangunan AmBank Group, Menara AmBank, Wisma AmFIRST, The Summit Subang USJ, Prima 9, Prima 10, Jaya 99 and Mydin Hypermall, Bukit Mertajam. The Trust focuses on investing in incomeproducing real estate which are primarily for commercial use. AmFIRST REIT is managed by AmREIT Manage… Read more
AmFIRST Real Estate Investment Trust (5120) - Net Assets
Latest net assets as of September 2025: RM822.02 Million MYR
Based on the latest financial reports, AmFIRST Real Estate Investment Trust (5120) has net assets worth RM822.02 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.63 Billion) and total liabilities (RM803.42 Million). 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 | RM822.02 Million |
| % of Total Assets | 50.57% |
| Annual Growth Rate | -0.13% |
| 5-Year Change | 0.03% |
| 10-Year Change | -6.31% |
| Growth Volatility | 1.84 |
AmFIRST Real Estate Investment Trust - Net Assets Trend (2013–2025)
This chart illustrates how AmFIRST 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 AmFIRST Real Estate Investment Trust (2013–2025)
The table below shows the annual net assets of AmFIRST Real Estate Investment Trust from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM823.84 Million | +1.19% |
| 2024-03-31 | RM814.16 Million | +1.15% |
| 2023-03-31 | RM804.87 Million | -0.85% |
| 2022-03-31 | RM811.75 Million | -1.44% |
| 2021-03-31 | RM823.63 Million | -2.04% |
| 2020-03-31 | RM840.74 Million | -0.45% |
| 2019-03-31 | RM844.54 Million | -0.57% |
| 2018-03-31 | RM849.36 Million | -2.06% |
| 2017-03-31 | RM867.21 Million | -1.37% |
| 2016-03-31 | RM879.29 Million | +4.55% |
| 2015-03-31 | RM841.00 Million | -1.06% |
| 2014-03-31 | RM850.00 Million | +1.55% |
| 2013-03-31 | RM837.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AmFIRST 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 decreased by 22.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM187.22 Million | 22.73% |
| Common Stock | RM636.62 Million | 77.27% |
| Total Equity | RM823.84 Million | 100.00% |
AmFIRST Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of AmFIRST Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Galway Metals Inc
OTCQB:GAYMF
|
$30.34 Million |
|
Growthpoint Properties Ltd
JSE:GRT
|
$30.34 Million |
|
Roche Bobois
PA:RBO
|
$30.34 Million |
|
reAlpha Tech Corp. Common Stock
NASDAQ:AIRE
|
$30.35 Million |
|
BeWhere Holdings Inc
OTCQB:BEWFF
|
$30.33 Million |
|
Camil Alimentos S.A
SA:CAML3
|
$30.31 Million |
|
Nakornthon Hospital Public Company Limited
BK:NKT
|
$30.30 Million |
|
PENTIXAPHARM HOLDING N AG
XETRA:PTP
|
$30.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AmFIRST Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 814,158,810 to 823,844,800, a change of 9,685,990 (1.2%).
- Net income of 24,649,550 contributed positively to equity growth.
- Dividend payments of 14,963,550 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM24.65 Million | +2.99% |
| Dividends Paid | RM14.96 Million | -1.82% |
| Other Changes | RM-10.00 | -0.0% |
| Total Change | RM- | 1.19% |
Book Value vs Market Value Analysis
This analysis compares AmFIRST 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: 0.27x
- 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 |
|---|---|---|---|
| 2017-03-31 | RM1.26 | RM0.32 | x |
| 2018-03-31 | RM1.24 | RM0.32 | x |
| 2019-03-31 | RM1.23 | RM0.32 | x |
| 2020-03-31 | RM1.22 | RM0.32 | x |
| 2021-03-31 | RM1.20 | RM0.32 | x |
| 2022-03-31 | RM1.18 | RM0.32 | x |
| 2023-03-31 | RM1.17 | RM0.32 | x |
| 2024-03-31 | RM1.19 | RM0.32 | x |
| 2025-03-31 | RM1.20 | RM0.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AmFIRST 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): 2.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.53%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.97x
- Recent ROE (2.99%) is above the historical average (2.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.78% | 68.51% | 0.06x | 1.97x | RM-19.56 Million |
| 2017 | 2.56% | 19.94% | 0.07x | 1.94x | RM-64.48 Million |
| 2018 | 1.33% | 9.93% | 0.07x | 1.96x | RM-73.61 Million |
| 2019 | 2.64% | 18.39% | 0.07x | 1.98x | RM-62.16 Million |
| 2020 | 2.81% | 19.55% | 0.07x | 2.00x | RM-60.49 Million |
| 2021 | 0.33% | 2.54% | 0.06x | 2.03x | RM-79.64 Million |
| 2022 | 0.66% | 5.36% | 0.06x | 2.05x | RM-75.83 Million |
| 2023 | 1.76% | 13.73% | 0.06x | 1.98x | RM-66.29 Million |
| 2024 | 3.15% | 25.26% | 0.06x | 1.97x | RM-55.80 Million |
| 2025 | 2.99% | 23.53% | 0.06x | 1.97x | RM-57.73 Million |
Industry Comparison
This section compares AmFIRST 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: $3,513,748,790
- Average return on equity (ROE) among peers: 4.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AmFIRST Real Estate Investment Trust (5120) | RM822.02 Million | 7.78% | 0.98x | $30.34 Million |
| Axis Real Estate Investment Trust (5106) | $2.12 Billion | 6.69% | 0.58x | $821.80 Million |
| UOA Real Estate Investment Trust (5110) | $706.31 Million | 5.36% | 0.61x | $57.63 Million |
| AmanahRaya Real Estate Investment Trust (5127) | $686.06 Million | 5.91% | 0.52x | $12.27 Million |
| KLCC Property Holdings Bhd (5235SS) | $15.29 Billion | 5.17% | 0.19x | $1.19 Billion |
| Al-Salam Real Estate Investment Trust (5269) | $590.61 Million | 0.54% | 1.12x | $29.29 Million |
| PARADIGM REAL ESTATE INVESTMENT TRUST (5338) | $1.68 Billion | 5.32% | 0.54x | $123.88 Million |