Sunway Real Estate Investment Trust
Sunway Real Estate Investment Trust is a real estate investment trust constituted as a supplementary deed dated 10 June 2010, an amended and restated deed dated 18 September 2018 and second amended and restated deed dated 7 April 2025 (collectively referred to as the Deed) between Sunway REIT Management Sdn. Bhd. and RHB Trustees Berhad. The Fund was listed on the Main Market of Bursa Malaysia Se… Read more
Sunway Real Estate Investment Trust (5176) - Net Assets
Latest net assets as of December 2025: RM5.37 Billion MYR
Based on the latest financial reports, Sunway Real Estate Investment Trust (5176) has net assets worth RM5.37 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 (RM10.66 Billion) and total liabilities (RM5.29 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 | RM5.37 Billion |
| % of Total Assets | 50.4% |
| Annual Growth Rate | 10.79% |
| 5-Year Change | -1.84% |
| 10-Year Change | 32.61% |
| Growth Volatility | 17.53 |
Sunway Real Estate Investment Trust - Net Assets Trend (2007–2025)
This chart illustrates how Sunway 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 Sunway Real Estate Investment Trust (2007–2025)
The table below shows the annual net assets of Sunway Real Estate Investment Trust from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM5.37 Billion | -2.61% |
| 2024-06-30 | RM5.52 Billion | -0.22% |
| 2023-06-30 | RM5.53 Billion | +1.15% |
| 2022-06-30 | RM5.47 Billion | -0.14% |
| 2021-06-30 | RM5.47 Billion | +14.74% |
| 2020-06-30 | RM4.77 Billion | -0.56% |
| 2019-06-30 | RM4.80 Billion | +10.18% |
| 2018-06-30 | RM4.35 Billion | +3.36% |
| 2017-06-30 | RM4.21 Billion | +3.96% |
| 2016-06-30 | RM4.05 Billion | +1.73% |
| 2015-06-30 | RM3.98 Billion | +7.98% |
| 2014-06-30 | RM3.69 Billion | +5.18% |
| 2013-06-30 | RM3.51 Billion | +16.56% |
| 2012-06-30 | RM3.01 Billion | +8.56% |
| 2011-06-30 | RM2.77 Billion | +55.79% |
| 2009-06-30 | RM1.78 Billion | +48.50% |
| 2008-06-30 | RM1.20 Billion | +41.05% |
| 2007-06-30 | RM849.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sunway 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 grown by 193841300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM1.94 Billion | 33.01% |
| Common Stock | RM3.43 Billion | 58.48% |
| Other Components | RM499.72 Million | 8.51% |
| Total Equity | RM5.87 Billion | 100.00% |
Sunway Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Sunway Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Golden Dragon Development Inc
SHE:000712
|
$913.07 Million |
|
ARM HOLDINGS PLC CEDEAR EACH 27
BA:ARM
|
$913.35 Million |
|
Nordic Entertainment Group AB (publ)
PINK:NENTF
|
$913.47 Million |
|
Gree Real Estate Co Ltd
SHG:600185
|
$913.60 Million |
|
RLJ Lodging Trust
NYSE:RLJ
|
$912.56 Million |
|
Jiangxi Jiangnan New Material
SHG:603124
|
$912.40 Million |
|
Plazza AG
SW:PLAN
|
$911.84 Million |
|
United Plantations Berhad
PINK:UPBMF
|
$911.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sunway Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,516,079,000 to 5,871,994,000, a change of 355,915,000 (6.5%).
- Net income of 514,537,000 contributed positively to equity growth.
- Dividend payments of 319,877,000 reduced retained earnings.
- Share repurchases of 160,000,000 reduced equity.
- Other factors increased equity by 321,255,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM514.54 Million | +8.76% |
| Dividends Paid | RM319.88 Million | -5.45% |
| Share Repurchases | RM160.00 Million | -2.72% |
| Other Changes | RM321.25 Million | +5.47% |
| Total Change | RM- | 6.45% |
Book Value vs Market Value Analysis
This analysis compares Sunway 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: 1.42x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.67x to 1.42x 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 | RM0.32 | RM2.43 | x |
| 2008-06-30 | RM0.45 | RM2.43 | x |
| 2009-06-30 | RM0.66 | RM2.43 | x |
| 2012-06-30 | RM1.12 | RM2.43 | x |
| 2013-06-30 | RM1.26 | RM2.43 | x |
| 2014-06-30 | RM1.26 | RM2.43 | x |
| 2015-06-30 | RM1.36 | RM2.43 | x |
| 2016-06-30 | RM1.38 | RM2.43 | x |
| 2017-06-30 | RM1.43 | RM2.43 | x |
| 2018-06-30 | RM1.48 | RM2.43 | x |
| 2019-06-30 | RM1.63 | RM2.43 | x |
| 2020-06-30 | RM1.62 | RM2.43 | x |
| 2021-06-30 | RM1.60 | RM2.43 | x |
| 2022-06-30 | RM1.60 | RM2.43 | x |
| 2023-06-30 | RM1.88 | RM2.43 | x |
| 2024-06-30 | RM1.61 | RM2.43 | x |
| 2025-06-30 | RM1.71 | RM2.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sunway 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): 8.76%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 65.92%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.84x
- Recent ROE (8.76%) is below the historical average (11.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 7.83% | 28.74% | 0.11x | 2.37x | RM-18.39 Million |
| 2008 | 29.08% | 105.15% | 0.12x | 2.27x | RM228.57 Million |
| 2009 | 32.66% | 148.01% | 0.12x | 1.89x | RM403.05 Million |
| 2012 | 13.98% | 103.45% | 0.09x | 1.56x | RM119.63 Million |
| 2013 | 11.19% | 96.65% | 0.08x | 1.50x | RM41.68 Million |
| 2014 | 11.15% | 98.56% | 0.07x | 1.52x | RM42.32 Million |
| 2015 | 13.60% | 122.33% | 0.07x | 1.61x | RM143.22 Million |
| 2016 | 7.99% | 65.44% | 0.08x | 1.61x | RM-81.43 Million |
| 2017 | 10.08% | 83.33% | 0.07x | 1.62x | RM3.31 Million |
| 2018 | 9.82% | 78.00% | 0.07x | 1.73x | RM-7.63 Million |
| 2019 | 8.06% | 69.35% | 0.07x | 1.70x | RM-93.28 Million |
| 2020 | 4.37% | 38.80% | 0.06x | 1.77x | RM-268.77 Million |
| 2021 | 3.80% | 38.80% | 0.06x | 1.68x | RM-339.07 Million |
| 2022 | 3.58% | 28.94% | 0.07x | 1.67x | RM-351.04 Million |
| 2023 | 5.85% | 51.24% | 0.07x | 1.70x | RM-229.24 Million |
| 2024 | 6.13% | 47.25% | 0.08x | 1.73x | RM-213.42 Million |
| 2025 | 8.76% | 65.92% | 0.07x | 1.84x | RM-72.66 Million |
Industry Comparison
This section compares Sunway 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: $1,600,200,000
- Average return on equity (ROE) among peers: 4.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sunway Real Estate Investment Trust (5176) | RM5.37 Billion | 7.83% | 0.98x | $912.65 Million |
| Hektar Real Estate Investment Trust (5121) | $613.00 Million | 9.62% | 0.77x | $36.10 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 |