Hektar Real Estate Investment Trust
Hektar Real Estate Investment Trust ("Hektar REIT") is Malaysia's first listed retail-focused REIT. The primary objectives of Hektar REIT are to provide unitholders with sustainable dividend income and to achieve a long-term capital appreciation of the REIT. Hektar REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on December 4, 2006 and currently owns 2 million square feet o… Read more
Hektar Real Estate Investment Trust (5121) - Net Assets
Latest net assets as of September 2025: RM746.09 Million MYR
Based on the latest financial reports, Hektar Real Estate Investment Trust (5121) has net assets worth RM746.09 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 (RM1.45 Billion) and total liabilities (RM707.97 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 | RM746.09 Million |
| % of Total Assets | 51.31% |
| Annual Growth Rate | 1.84% |
| 5-Year Change | 28.76% |
| 10-Year Change | 27.07% |
| Growth Volatility | 6.67 |
Hektar Real Estate Investment Trust - Net Assets Trend (2012–2024)
This chart illustrates how Hektar 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 Hektar Real Estate Investment Trust (2012–2024)
The table below shows the annual net assets of Hektar Real Estate Investment Trust from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM742.10 Million | +10.31% |
| 2023-12-31 | RM672.73 Million | +12.50% |
| 2022-12-31 | RM597.96 Million | +9.12% |
| 2021-12-31 | RM547.96 Million | -4.93% |
| 2020-12-31 | RM576.35 Million | -5.43% |
| 2019-12-31 | RM609.43 Million | -4.07% |
| 2018-12-31 | RM635.32 Million | -2.09% |
| 2017-12-31 | RM648.87 Million | +10.83% |
| 2016-12-31 | RM585.47 Million | +0.25% |
| 2015-12-31 | RM584.00 Million | -6.11% |
| 2014-12-31 | RM622.00 Million | +1.47% |
| 2013-12-31 | RM613.00 Million | +2.85% |
| 2012-12-31 | RM596.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hektar 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 31.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM109.66 Million | 14.78% |
| Common Stock | RM632.44 Million | 85.22% |
| Total Equity | RM742.10 Million | 100.00% |
Hektar Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Hektar Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kredyt Inkaso SA
WAR:KRI
|
$36.11 Million |
|
Tex Year Industries Inc
TW:4720
|
$36.13 Million |
|
EKINOPS S.A
F:E0J
|
$36.13 Million |
|
DOREL INDS INC. A
F:DO4C
|
$36.14 Million |
|
Pancontinental Oil & Gas NL
PINK:PCOGF
|
$36.09 Million |
|
QUADFUTURE
NSE:QUADFUTURE
|
$36.07 Million |
|
One Group Hospitality Inc
NASDAQ:STKS
|
$36.06 Million |
|
Cape EMS Berhad
KLSE:5311
|
$36.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hektar Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 672,729,636 to 742,101,000, a change of 69,371,364 (10.3%).
- Net income of 24,615,190 contributed positively to equity growth.
- Dividend payments of 26,801,990 reduced retained earnings.
- Share repurchases of 71,558,160 reduced equity.
- New share issuances of 71,558,161 increased equity.
- Other factors increased equity by 71,558,163.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM24.62 Million | +3.32% |
| Dividends Paid | RM26.80 Million | -3.61% |
| Share Repurchases | RM71.56 Million | -9.64% |
| Share Issuances | RM71.56 Million | +9.64% |
| Other Changes | RM71.56 Million | +9.64% |
| Total Change | RM- | 10.31% |
Book Value vs Market Value Analysis
This analysis compares Hektar 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: 0.43x
- 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.
- The price-to-book ratio has increased from 0.31x to 0.43x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM1.43 | RM0.45 | x |
| 2017-12-31 | RM1.40 | RM0.45 | x |
| 2018-12-31 | RM1.38 | RM0.45 | x |
| 2019-12-31 | RM1.32 | RM0.45 | x |
| 2020-12-31 | RM1.25 | RM0.45 | x |
| 2021-12-31 | RM1.16 | RM0.45 | x |
| 2022-12-31 | RM1.27 | RM0.45 | x |
| 2023-12-31 | RM1.16 | RM0.45 | x |
| 2024-12-31 | RM1.05 | RM0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hektar 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): 3.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.72%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.93x
- Recent ROE (3.32%) is below the historical average (3.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.86% | 3.97% | 0.11x | 1.91x | RM-53.44 Million |
| 2016 | 7.37% | 34.65% | 0.11x | 1.93x | RM-15.39 Million |
| 2017 | 5.04% | 26.04% | 0.10x | 1.93x | RM-32.19 Million |
| 2018 | 5.21% | 24.52% | 0.11x | 2.00x | RM-30.40 Million |
| 2019 | 1.88% | 8.35% | 0.11x | 2.09x | RM-49.50 Million |
| 2020 | -4.14% | -21.45% | 0.09x | 2.18x | RM-81.47 Million |
| 2021 | -5.19% | -29.47% | 0.08x | 2.25x | RM-83.26 Million |
| 2022 | 12.48% | 63.56% | 0.10x | 2.07x | RM14.85 Million |
| 2023 | 7.29% | 44.00% | 0.08x | 1.95x | RM-18.22 Million |
| 2024 | 3.32% | 19.72% | 0.09x | 1.93x | RM-49.59 Million |
Industry Comparison
This section compares Hektar Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $1,659,257,000
- Average return on equity (ROE) among peers: 4.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hektar Real Estate Investment Trust (5121) | RM746.09 Million | 0.86% | 0.95x | $36.10 Million |
| Sunway Real Estate Investment Trust (5176) | $849.23 Million | 7.83% | 1.37x | $912.65 Million |
| CapitaLand Malaysia Mall Trust (5180) | $1.43 Billion | 0.00% | 0.59x | $296.36 Million |
| Pavilion Real Estate Inv Trust (5212) | $3.86 Billion | 1.01% | 0.62x | $726.65 Million |
| KIP Real Estate Investment Trust (5280) | $494.39 Million | 8.54% | 0.21x | $136.63 Million |