IGB Commercial Real Estate Investment Trust Unit (5299) - Net Assets
Based on the latest financial reports, IGB Commercial Real Estate Investment Trust Unit (5299) has net assets worth RM2.32 Billion MYR (≈ $582.27 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM3.35 Billion ≈ $839.99 Million USD) and total liabilities (RM1.03 Billion ≈ $257.73 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. Read 5299 total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM2.32 Billion |
| % of Total Assets | 69.32% |
| Annual Growth Rate | 0.22% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 0.64 |
IGB Commercial Real Estate Investment Trust Unit - Net Assets Trend (2021–2025)
This chart illustrates how IGB Commercial Real Estate Investment Trust Unit's net assets have evolved over time, based on quarterly financial data. Also explore IGB Commercial Real Estate Investment Tr assets under control for the complete picture of this company's asset base.
Annual Net Assets for IGB Commercial Real Estate Investment Trust Unit (2021–2025)
The table below shows the annual net assets of IGB Commercial Real Estate Investment Trust Unit from 2021 to 2025. For live valuation and market cap data, see IGB Commercial Real Estate Investment Tr market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM2.32 Billion ≈ $582.27 Million |
+1.33% |
| 2024-12-31 | RM2.29 Billion ≈ $574.65 Million |
-0.32% |
| 2023-12-31 | RM2.30 Billion ≈ $576.47 Million |
-0.07% |
| 2022-12-31 | RM2.30 Billion ≈ $576.87 Million |
-0.04% |
| 2021-12-31 | RM2.30 Billion ≈ $577.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to IGB Commercial Real Estate Investment Trust Unit'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 3817300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM2.36 Billion | 101.84% |
| Total Equity | RM2.32 Billion | 100.00% |
IGB Commercial Real Estate Investment Trust Unit Competitors by Market Cap
The table below lists competitors of IGB Commercial Real Estate Investment Trust Unit ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chatham Lodging Trust REIT
NYSE:CLDT
|
$370.84 Million |
|
Lycopodium Ltd
AU:LYL
|
$370.89 Million |
|
Shanghai Kaichuang Marine International Co Ltd
SHG:600097
|
$370.90 Million |
|
Thessaloniki Port Authority SA
AT:OLTH
|
$370.94 Million |
|
Zhejiang Giuseppe Garment Co Ltd
SHE:002687
|
$370.80 Million |
|
Monopar Therapeutics Inc
NASDAQ:MNPR
|
$370.62 Million |
|
Wall Financial Corporation
TO:WFC
|
$370.52 Million |
|
Digital Turbine Inc
NASDAQ:APPS
|
$370.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IGB Commercial Real Estate Investment Trust Unit's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,288,829,000 to 2,319,166,000, a change of 30,337,000 (1.3%).
- Net income of 95,486,000 contributed positively to equity growth.
- Dividend payments of 93,595,000 reduced retained earnings.
- Other factors increased equity by 28,446,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM95.49 Million | +4.12% |
| Dividends Paid | RM93.59 Million | -4.04% |
| Other Changes | RM28.45 Million | +1.23% |
| Total Change | RM- | 1.33% |
Book Value vs Market Value Analysis
This analysis compares IGB Commercial Real Estate Investment Trust Unit'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: 0.64x
- 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 |
|---|---|---|---|
| 2021-12-31 | RM1.00 | RM0.61 | x |
| 2022-12-31 | RM0.98 | RM0.61 | x |
| 2023-12-31 | RM0.97 | RM0.61 | x |
| 2024-12-31 | RM0.95 | RM0.61 | x |
| 2025-12-31 | RM0.96 | RM0.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IGB Commercial Real Estate Investment Trust Unit 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): 4.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.74%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.44x
- Recent ROE (4.12%) is above the historical average (2.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.96% | 41.24% | 0.02x | 1.42x | RM-207.84 Million |
| 2022 | 2.74% | 33.12% | 0.06x | 1.43x | RM-166.70 Million |
| 2023 | 2.84% | 30.32% | 0.07x | 1.44x | RM-164.37 Million |
| 2024 | 2.74% | 27.14% | 0.07x | 1.43x | RM-166.19 Million |
| 2025 | 4.12% | 36.74% | 0.08x | 1.44x | RM-136.43 Million |
Industry Comparison
This section compares IGB Commercial Real Estate Investment Trust Unit's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $521,682,000
- Average return on equity (ROE) among peers: 4.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IGB Commercial Real Estate Investment Trust Unit (5299) | RM2.32 Billion | 0.96% | 0.44x | $370.81 Million |
| Tower Real Estate Investment Trust (5111) | $521.36 Million | 1.13% | 0.59x | $38.82 Million |
| Sentral REIT (5123) | $522.00 Million | 7.47% | 0.64x | $210.11 Million |
About IGB Commercial Real Estate Investment Trust Unit
IGB Commercial REIT (IGBCR) was listed on the Main Market of Bursa Malaysia Securities Berhad on 20 September 2021. It was established with the principal investment policy of investing, directly and indirectly, in a portfolio of income-producing real estate used primarily for commercial purposes.