Sentral REIT
Sentral REIT is a commercial Real Estate Investment Trust (REIT), established through the restated trust deed dated 2 December 2019 and the supplemental deed dated 24 December 2020. Managed by Sentral REIT Management Sdn Bhd ("SRM"), the main thrust of Sentral REIT's activities includes acquiring and investing in commercial properties in Malaysia to provide unitholders with long-term and sustaina… Read more
Sentral REIT (5123) - Net Assets
Latest net assets as of December 2025: RM1.37 Billion MYR
Based on the latest financial reports, Sentral REIT (5123) has net assets worth RM1.37 Billion MYR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM2.68 Billion) and total liabilities (RM1.31 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 | RM1.37 Billion |
| % of Total Assets | 51.0% |
| Annual Growth Rate | 7.12% |
| 5-Year Change | 3.81% |
| 10-Year Change | 0.62% |
| Growth Volatility | 20.76 |
Sentral REIT - Net Assets Trend (2011–2025)
This chart illustrates how Sentral REIT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sentral REIT (2011–2025)
The table below shows the annual net assets of Sentral REIT from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM1.37 Billion | -1.28% |
| 2024-12-31 | RM1.39 Billion | +2.39% |
| 2023-12-31 | RM1.35 Billion | +4.84% |
| 2022-12-31 | RM1.29 Billion | -2.04% |
| 2021-12-31 | RM1.32 Billion | -0.43% |
| 2020-12-31 | RM1.32 Billion | +0.00% |
| 2019-12-31 | RM1.32 Billion | -3.56% |
| 2018-12-31 | RM1.37 Billion | -0.90% |
| 2017-12-31 | RM1.38 Billion | +1.84% |
| 2016-12-31 | RM1.36 Billion | +50.43% |
| 2015-12-31 | RM903.85 Million | +67.07% |
| 2014-12-31 | RM541.00 Million | +1.50% |
| 2013-12-31 | RM533.00 Million | +0.76% |
| 2012-12-31 | RM529.00 Million | +1.34% |
| 2011-12-31 | RM522.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sentral REIT'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 72.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM41.50 Million | 3.03% |
| Common Stock | RM1.33 Billion | 96.97% |
| Total Equity | RM1.37 Billion | 100.00% |
Sentral REIT Competitors by Market Cap
The table below lists competitors of Sentral REIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mercuries & Associates Holding Ltd
TW:2905
|
$134.53 Million |
|
INFUSYSTEMS HLDG.DL-0001
F:1TZ
|
$134.55 Million |
|
Hainan Yedao Group Co Ltd
SHG:600238
|
$134.63 Million |
|
Zhejiang Tongli Transmission Technology Co. Ltd. A
SHE:301255
|
$134.63 Million |
|
EPACK Durable Limited
NSE:EPACK
|
$134.48 Million |
|
Xponential Fitness Inc
NYSE:XPOF
|
$134.47 Million |
|
Brand Engagement Network Inc
NASDAQ:BNAI
|
$134.44 Million |
|
Dynasty Ceramic Public Company Limited
BK:DCC
|
$134.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sentral REIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,385,791,203 to 1,368,072,510, a change of -17,718,693 (-1.3%).
- Net income of 58,636,630 contributed positively to equity growth.
- Dividend payments of 75,436,240 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM58.64 Million | +4.29% |
| Dividends Paid | RM75.44 Million | -5.51% |
| Other Changes | RM-919.08K | -0.07% |
| Total Change | RM- | -1.28% |
Book Value vs Market Value Analysis
This analysis compares Sentral REIT'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: 0.69x
- 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 |
|---|---|---|---|
| 2016-12-31 | RM1.27 | RM0.79 | x |
| 2017-12-31 | RM1.30 | RM0.79 | x |
| 2018-12-31 | RM1.28 | RM0.79 | x |
| 2019-12-31 | RM1.23 | RM0.79 | x |
| 2020-12-31 | RM1.23 | RM0.79 | x |
| 2021-12-31 | RM1.23 | RM0.79 | x |
| 2022-12-31 | RM1.20 | RM0.79 | x |
| 2023-12-31 | RM1.13 | RM0.79 | x |
| 2024-12-31 | RM1.16 | RM0.79 | x |
| 2025-12-31 | RM1.14 | RM0.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sentral REIT 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): 4.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.74%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.96x
- Recent ROE (4.29%) is below the historical average (4.92%), 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 | 6.72% | 52.70% | 0.07x | 1.80x | RM-29.69 Million |
| 2016 | 4.62% | 45.94% | 0.06x | 1.69x | RM-73.20 Million |
| 2017 | 5.05% | 38.52% | 0.08x | 1.65x | RM-68.56 Million |
| 2018 | 5.33% | 42.39% | 0.08x | 1.66x | RM-64.10 Million |
| 2019 | 2.20% | 18.09% | 0.07x | 1.67x | RM-103.23 Million |
| 2020 | 5.48% | 44.25% | 0.07x | 1.68x | RM-59.78 Million |
| 2021 | 5.33% | 44.01% | 0.07x | 1.65x | RM-61.54 Million |
| 2022 | 4.05% | 35.48% | 0.07x | 1.66x | RM-76.83 Million |
| 2023 | 5.37% | 44.85% | 0.06x | 1.93x | RM-62.64 Million |
| 2024 | 5.69% | 40.46% | 0.07x | 1.89x | RM-59.76 Million |
| 2025 | 4.29% | 30.74% | 0.07x | 1.96x | RM-78.17 Million |
Industry Comparison
This section compares Sentral REIT's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $1,431,344,500
- Average return on equity (ROE) among peers: 4.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sentral REIT (5123) | RM1.37 Billion | 6.72% | 0.96x | $134.51 Million |
| Tower Real Estate Investment Trust (5111) | $543.52 Million | 4.75% | 0.05x | $2.83 Million |
| IGB Commercial Real Estate Investment Trust Unit (5299) | $2.32 Billion | 4.12% | 0.44x | $67.15 Million |