IGB Real Estate Investment Trust (5227) - Net Assets

Latest as of September 2025: RM4.25 Billion MYR ≈ $1.07 Billion USD

Based on the latest financial reports, IGB Real Estate Investment Trust (5227) has net assets worth RM4.25 Billion MYR (≈ $1.07 Billion USD) 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 ≈ $1.44 Billion USD) and total liabilities (RM1.47 Billion ≈ $368.95 Million USD). 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. Check asset resilience ratio of IGB Real Estate Investment Trust to evaluate the company's liquid asset resilience ratio.

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. Also explore IGB Real Estate Investment Trust asset portfolio for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of IGB Real Estate Investment Trust.

Year Net Assets Change
2024-12-31 RM4.26 Billion
≈ $1.07 Billion		 +5.42%
2023-12-31 RM4.04 Billion
≈ $1.01 Billion		 +4.28%
2022-12-31 RM3.87 Billion
≈ $971.83 Million		 +1.74%
2021-12-31 RM3.80 Billion
≈ $955.20 Million		 +0.10%
2020-12-31 RM3.80 Billion
≈ $954.25 Million		 +0.44%
2019-12-31 RM3.78 Billion
≈ $950.03 Million		 +0.46%
2018-12-31 RM3.77 Billion
≈ $945.69 Million		 +1.17%
2017-12-31 RM3.72 Billion
≈ $934.80 Million		 +1.40%
2016-12-31 RM3.67 Billion
≈ $921.91 Million		 +0.18%
2015-12-31 RM3.67 Billion
≈ $920.29 Million		 +0.06%
2014-12-31 RM3.66 Billion
≈ $919.77 Million		 +2.21%
2013-12-31 RM3.58 Billion
≈ $899.91 Million		 +2.88%
2012-12-31 RM3.48 Billion
≈ $874.73 Million		 --

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 Huayi Group Corp Ltd A
SHG:600623
 $2.70 Billion
Southchip Semiconductor Technology (Shanghai) Co. Ltd. A
SHG:688484
 $2.70 Billion
Luxin Venture Capital Group Co Ltd
SHG:600783
 $2.71 Billion
Brookfield Business Partners L.P.
TO:BBU-UN
 $2.71 Billion
Yipinhong Pharmaceutical Co Ltd Class A
SHE:300723
 $2.70 Billion
CES Energy Solutions Corp
TO:CEU
 $2.70 Billion
Ansell Limited
F:PD1A
 $2.70 Billion
Topgolf Callaway Brands Corp.
NYSE:MODG
 $2.70 Billion

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: 2.52x
  • 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 2.90x to 2.52x 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 RM2.97 x
2013-12-31 RM1.05 RM2.97 x
2014-12-31 RM1.06 RM2.97 x
2015-12-31 RM1.06 RM2.97 x
2016-12-31 RM1.05 RM2.97 x
2017-12-31 RM1.06 RM2.97 x
2018-12-31 RM1.07 RM2.97 x
2019-12-31 RM1.07 RM2.97 x
2020-12-31 RM1.07 RM2.97 x
2021-12-31 RM1.07 RM2.97 x
2022-12-31 RM1.08 RM2.97 x
2023-12-31 RM1.12 RM2.97 x
2024-12-31 RM1.18 RM2.97 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: $2,550,639,110
  • Average return on equity (ROE) among peers: 5.72%

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 $2.70 Billion
Hektar Real Estate Investment Trust (5121) $635.32 Million 5.21% 1.00x $76.57 Million
Sunway Real Estate Investment Trust (5176) $5.47 Billion 3.58% 0.67x $2.18 Billion
CapitaLand Malaysia Mall Trust (5180) $2.12 Billion 11.83% 0.47x $536.49 Million
Pavilion Real Estate Inv Trust (5212) $3.86 Billion 1.01% 0.62x $1.86 Billion
KIP Real Estate Investment Trust (5280) $677.63 Million 6.98% 0.68x $206.99 Million

About IGB Real Estate Investment Trust

KLSE:5227 Malaysia REIT - Retail
Market Cap
$2.70 Billion
RM10.76 Billion MYR
Market Cap Rank
#5314 Global
#42 in Malaysia
Share Price
RM2.97
Change (1 day)
-0.34%
52-Week Range
RM2.24 - RM3.01
All Time High
RM3.01
Categories
Companies in Malaysia REIT - Retail
About

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