IGB Real Estate Investment Trust
IGB Real Estate Investment Trust is a Malaysia-domiciled real estate investment trust. Listed on the Main Market of Bursa Malaysia Securities Berhad on 21 September 2012, it owns income producing real estate used for retail purposes in Malaysia and overseas. IGB Real Estate Investment Trust is managed and administered by IGB REIT Management Sdn Bhd, which works to increase income and enhance asse… Read more
IGB Real Estate Investment Trust (5227) - Net Assets
Latest net assets as of September 2025: RM4.25 Billion MYR
Based on the latest financial reports, IGB Real Estate Investment Trust (5227) has net assets worth RM4.25 Billion MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM5.72 Billion) and total liabilities (RM1.47 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 | RM4.25 Billion |
| % of Total Assets | 74.32% |
| Annual Growth Rate | 1.68% |
| 5-Year Change | 11.96% |
| 10-Year Change | 16.09% |
| Growth Volatility | 1.66 |
IGB Real Estate Investment Trust - Net Assets Trend (2012–2024)
This chart illustrates how IGB 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 IGB Real Estate Investment Trust (2012–2024)
The table below shows the annual net assets of IGB Real Estate Investment Trust from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM4.26 Billion | +5.42% |
| 2023-12-31 | RM4.04 Billion | +4.28% |
| 2022-12-31 | RM3.87 Billion | +1.74% |
| 2021-12-31 | RM3.80 Billion | +0.10% |
| 2020-12-31 | RM3.80 Billion | +0.44% |
| 2019-12-31 | RM3.78 Billion | +0.46% |
| 2018-12-31 | RM3.77 Billion | +1.17% |
| 2017-12-31 | RM3.72 Billion | +1.40% |
| 2016-12-31 | RM3.67 Billion | +0.18% |
| 2015-12-31 | RM3.67 Billion | +0.06% |
| 2014-12-31 | RM3.66 Billion | +2.21% |
| 2013-12-31 | RM3.58 Billion | +2.88% |
| 2012-12-31 | RM3.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to IGB 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 43821500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM4.58 Billion | 107.54% |
| Total Equity | RM4.26 Billion | 100.00% |
IGB Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of IGB Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai GenTech Co Ltd
SHG:688596
|
$850.11 Million |
|
Aegis Logistics Limited
NSE:AEGISLOG
|
$850.23 Million |
|
SMART Global Holdings Inc
STU:850
|
$850.45 Million |
|
Shanghai Jinqiao Export Processing Zone Development Co Ltd A
SHG:600639
|
$850.48 Million |
|
Res Robex Inc
V:RBX
|
$849.74 Million |
|
OC Oerlikon Corporation AG
OTCGREY:OERLF
|
$849.73 Million |
|
Googol Technology Co Ltd Class A
SHE:301510
|
$849.56 Million |
|
First Mid Illinois Bancshares Inc
NASDAQ:FMBH
|
$849.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IGB Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,036,574,000 to 4,255,443,000, a change of 218,869,000 (5.4%).
- Net income of 579,763,000 contributed positively to equity growth.
- Dividend payments of 393,549,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM579.76 Million | +13.62% |
| Dividends Paid | RM393.55 Million | -9.25% |
| Other Changes | RM32.66 Million | +0.77% |
| Total Change | RM- | 5.42% |
Book Value vs Market Value Analysis
This analysis compares IGB 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: 2.38x
- 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 2.74x to 2.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | RM1.02 | RM2.80 | x |
| 2013-12-31 | RM1.05 | RM2.80 | x |
| 2014-12-31 | RM1.06 | RM2.80 | x |
| 2015-12-31 | RM1.06 | RM2.80 | x |
| 2016-12-31 | RM1.05 | RM2.80 | x |
| 2017-12-31 | RM1.06 | RM2.80 | x |
| 2018-12-31 | RM1.07 | RM2.80 | x |
| 2019-12-31 | RM1.07 | RM2.80 | x |
| 2020-12-31 | RM1.07 | RM2.80 | x |
| 2021-12-31 | RM1.07 | RM2.80 | x |
| 2022-12-31 | RM1.08 | RM2.80 | x |
| 2023-12-31 | RM1.12 | RM2.80 | x |
| 2024-12-31 | RM1.18 | RM2.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IGB 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): 13.62%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 92.60%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.35x
- Recent ROE (13.62%) is above the historical average (8.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 4.40% | 132.97% | 0.02x | 1.40x | RM-195.11 Million |
| 2013 | 8.70% | 72.42% | 0.09x | 1.41x | RM-46.49 Million |
| 2014 | 8.67% | 68.78% | 0.09x | 1.41x | RM-48.73 Million |
| 2015 | 6.93% | 51.92% | 0.09x | 1.41x | RM-112.55 Million |
| 2016 | 7.57% | 54.76% | 0.10x | 1.41x | RM-89.36 Million |
| 2017 | 9.22% | 65.41% | 0.10x | 1.41x | RM-28.96 Million |
| 2018 | 8.86% | 62.30% | 0.10x | 1.38x | RM-42.92 Million |
| 2019 | 8.35% | 57.21% | 0.11x | 1.38x | RM-62.54 Million |
| 2020 | 6.23% | 50.23% | 0.09x | 1.37x | RM-143.28 Million |
| 2021 | 5.26% | 50.10% | 0.08x | 1.38x | RM-180.31 Million |
| 2022 | 10.23% | 71.20% | 0.10x | 1.37x | RM9.09 Million |
| 2023 | 12.82% | 85.66% | 0.11x | 1.36x | RM113.97 Million |
| 2024 | 13.62% | 92.60% | 0.11x | 1.35x | RM154.22 Million |
Industry Comparison
This section compares IGB 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: $2,160,806,988
- Average return on equity (ROE) among peers: 5.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IGB Real Estate Investment Trust (5227) | RM4.25 Billion | 4.40% | 0.35x | $849.98 Million |
| Hektar Real Estate Investment Trust (5121) | $576.35 Million | -4.14% | 1.18x | $36.10 Million |
| Sunway Real Estate Investment Trust (5176) | $3.98 Billion | 13.60% | 0.61x | $916.40 Million |
| CapitaLand Malaysia Mall Trust (5180) | $2.44 Billion | -3.46% | 0.64x | $298.64 Million |
| Pavilion Real Estate Inv Trust (5212) | $3.30 Billion | 19.11% | 0.28x | $730.62 Million |
| KIP Real Estate Investment Trust (5280) | $504.40 Million | 2.91% | 0.22x | $137.38 Million |