Town Centre Securities PLC

LSE:TOWN UK REIT - Diversified
Market Cap
$610.74K
GBX5.02 Billion GBX
Market Cap Rank
#45820 Global
#910 in UK
Share Price
GBX119.50
Change (1 day)
+3.91%
52-Week Range
GBX107.50 - GBX146.00
All Time High
GBX239.94
Categories
Companies in UK REIT - Diversified
About

Town Centre Securities PLC is a property investment and car parking operator with assets of £280m. With more than 60 years' experience, a commitment to sustainable development and a reputation for quality and innovation, TCS create mixed use developments close to transport hubs in major cities across the UK. Town Centre Securities PLC is based in Leeds, England.

Town Centre Securities PLC (TOWN) - Net Assets

Latest net assets as of June 2025: GBX112.30 Million GBX

Based on the latest financial reports, Town Centre Securities PLC (TOWN) has net assets worth GBX112.30 Million GBX as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX281.43 Million) and total liabilities (GBX169.13 Million). 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 GBX112.30 Million
% of Total Assets 39.9%
Annual Growth Rate 1.16%
5-Year Change -27.73%
10-Year Change -40.85%
Growth Volatility 16.05

Town Centre Securities PLC - Net Assets Trend (1986–2025)

This chart illustrates how Town Centre Securities PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Town Centre Securities PLC (1986–2025)

The table below shows the annual net assets of Town Centre Securities PLC from 1986 to 2025.

Year Net Assets Change
2025-06-30 GBX112.30 Million -6.13%
2024-06-30 GBX119.64 Million -15.20%
2023-06-30 GBX141.09 Million -21.31%
2022-06-30 GBX179.30 Million +15.39%
2021-06-30 GBX155.40 Million +0.20%
2020-06-30 GBX155.08 Million -17.62%
2019-06-30 GBX188.25 Million -7.78%
2018-06-30 GBX204.12 Million +6.83%
2017-06-30 GBX191.08 Million +0.64%
2016-06-30 GBX189.86 Million +3.82%
2015-06-30 GBX182.88 Million +11.60%
2014-06-30 GBX163.87 Million +15.48%
2013-06-30 GBX141.90 Million -1.22%
2012-06-30 GBX143.66 Million -6.04%
2011-06-30 GBX152.90 Million +6.99%
2010-06-30 GBX142.91 Million +33.31%
2009-06-30 GBX107.20 Million -51.93%
2008-06-30 GBX223.01 Million -8.71%
2007-06-30 GBX244.29 Million -9.16%
2006-06-30 GBX268.92 Million +30.97%
2005-06-30 GBX205.32 Million +0.81%
2004-06-30 GBX203.67 Million +19.52%
2003-06-30 GBX170.41 Million +5.85%
2002-06-30 GBX160.99 Million +5.02%
2001-06-30 GBX153.29 Million -11.43%
2000-06-30 GBX173.06 Million -4.47%
1999-06-30 GBX181.17 Million +3.05%
1998-06-30 GBX175.81 Million +1.36%
1997-06-30 GBX173.45 Million +10.65%
1996-06-30 GBX156.76 Million 0.00%
1995-06-30 GBX156.76 Million +1.09%
1994-06-30 GBX155.08 Million +21.69%
1993-06-30 GBX127.44 Million +4.71%
1992-06-30 GBX121.70 Million -0.03%
1991-06-30 GBX121.75 Million -11.00%
1990-06-30 GBX136.80 Million -5.05%
1989-06-30 GBX144.07 Million +22.70%
1988-06-30 GBX117.42 Million +34.42%
1987-06-30 GBX87.35 Million +21.83%
1986-06-30 GBX71.70 Million --

Equity Component Analysis

This analysis shows how different components contribute to Town Centre Securities PLC'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 2020.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings GBX94.00 Million 83.71%
Common Stock GBX10.54 Million 9.39%
Other Comprehensive Income GBX7.56 Million 6.73%
Other Components GBX200.00K 0.18%
Total Equity GBX112.30 Million 100.00%

Town Centre Securities PLC Competitors by Market Cap

The table below lists competitors of Town Centre Securities PLC ranked by their market capitalization.

Company Market Cap
Calnex Solutions Plc
LSE:CLX
 		$5.81K
Cairo Poultry
EGX:POUL
 		$5.81K
Forecross Corp
PINK:FRXX
 		$5.82K
Evil Empire Designs Inc.
PINK:EVVL
 		$5.82K
Chemanex PLC
CM:CHMXN0000
 		$5.80K
Marks Electrical Group PLC
LSE:MRK
 		$5.80K
UNIQUE FABRICAT. DL-001
F:0L2
 		$5.80K
FRASERS LOG.+COM.TRUST
F:4ZS
 		$5.79K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Town Centre Securities PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 119,637,000 to 112,302,000, a change of -7,335,000 (-6.1%).
  • Net loss of 3,446,000 reduced equity.
  • Dividend payments of 1,054,000 reduced retained earnings.
  • Other comprehensive income increased equity by 64,000.
  • Other factors decreased equity by 2,899,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX-3.45 Million -3.07%
Dividends Paid GBX1.05 Million -0.94%
Other Comprehensive Income GBX64.00K +0.06%
Other Changes GBX-2.90 Million -2.58%
Total Change GBX- -6.13%

Book Value vs Market Value Analysis

This analysis compares Town Centre Securities PLC'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: 44.87x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 189.38x to 44.87x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1986-06-30 GBX0.63 GBX119.50 x
1987-06-30 GBX0.76 GBX119.50 x
1988-06-30 GBX1.02 GBX119.50 x
1989-06-30 GBX1.24 GBX119.50 x
1990-06-30 GBX1.15 GBX119.50 x
1991-06-30 GBX1.01 GBX119.50 x
1992-06-30 GBX0.99 GBX119.50 x
1993-06-30 GBX1.01 GBX119.50 x
1994-06-30 GBX1.21 GBX119.50 x
1995-06-30 GBX1.22 GBX119.50 x
1996-06-30 GBX1.21 GBX119.50 x
1997-06-30 GBX1.34 GBX119.50 x
1998-06-30 GBX1.35 GBX119.50 x
1999-06-30 GBX1.48 GBX119.50 x
2000-06-30 GBX1.56 GBX119.50 x
2001-06-30 GBX1.79 GBX119.50 x
2002-06-30 GBX2.19 GBX119.50 x
2003-06-30 GBX2.58 GBX119.50 x
2004-06-30 GBX3.36 GBX119.50 x
2005-06-30 GBX3.57 GBX119.50 x
2006-06-30 GBX4.80 GBX119.50 x
2007-06-30 GBX4.44 GBX119.50 x
2008-06-30 GBX4.17 GBX119.50 x
2009-06-30 GBX2.02 GBX119.50 x
2010-06-30 GBX2.69 GBX119.50 x
2011-06-30 GBX2.88 GBX119.50 x
2012-06-30 GBX2.71 GBX119.50 x
2013-06-30 GBX2.68 GBX119.50 x
2014-06-30 GBX3.08 GBX119.50 x
2015-06-30 GBX3.44 GBX119.50 x
2016-06-30 GBX3.57 GBX119.50 x
2017-06-30 GBX3.59 GBX119.50 x
2018-06-30 GBX3.84 GBX119.50 x
2019-06-30 GBX3.55 GBX119.50 x
2020-06-30 GBX2.92 GBX119.50 x
2021-06-30 GBX2.93 GBX119.50 x
2022-06-30 GBX3.40 GBX119.50 x
2023-06-30 GBX2.88 GBX119.50 x
2024-06-30 GBX2.67 GBX119.50 x
2025-06-30 GBX2.66 GBX119.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Town Centre Securities PLC 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): -3.07%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -9.99%
  • • Asset Turnover: 0.12x
  • • Equity Multiplier: 2.51x
  • Recent ROE (-3.07%) is below the historical average (1.42%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1986 2.70% 20.71% 0.09x 1.45x GBX-5.22 Million
1987 2.60% 24.35% 0.07x 1.46x GBX-6.44 Million
1988 2.39% 22.49% 0.07x 1.45x GBX-8.91 Million
1989 2.36% 17.30% 0.09x 1.44x GBX-10.97 Million
1990 2.82% 27.34% 0.07x 1.49x GBX-9.78 Million
1991 3.62% 28.15% 0.08x 1.56x GBX-7.73 Million
1992 4.15% 29.83% 0.09x 1.56x GBX-7.08 Million
1993 4.47% 31.32% 0.09x 1.62x GBX-7.05 Million
1994 4.46% 34.58% 0.08x 1.59x GBX-8.59 Million
1995 5.24% 37.42% 0.08x 1.68x GBX-7.46 Million
1996 4.89% 31.71% 0.09x 1.81x GBX-8.01 Million
1997 6.31% 39.68% 0.09x 1.79x GBX-6.41 Million
1998 3.35% 20.09% 0.09x 1.81x GBX-11.68 Million
1999 5.94% 34.60% 0.09x 1.86x GBX-7.35 Million
2000 5.52% 26.55% 0.11x 1.89x GBX-7.74 Million
2001 9.63% 38.86% 0.13x 1.92x GBX-566.20K
2002 5.26% 35.38% 0.07x 1.99x GBX-7.63 Million
2003 3.80% 26.33% 0.07x 1.93x GBX-10.57 Million
2004 2.38% 19.90% 0.07x 1.75x GBX-15.51 Million
2005 19.26% 164.87% 0.06x 1.98x GBX19.02 Million
2006 25.79% 299.63% 0.04x 1.95x GBX42.45 Million
2007 0.22% 2.14% 0.05x 2.19x GBX-23.88 Million
2008 -5.04% -42.57% 0.06x 2.07x GBX-33.53 Million
2009 -104.07% -408.87% 0.09x 2.91x GBX-122.28 Million
2010 27.69% 172.40% 0.08x 2.10x GBX25.28 Million
2011 10.00% 68.05% 0.07x 2.01x GBX5.50K
2012 -2.90% -18.94% 0.07x 2.10x GBX-18.53 Million
2013 2.51% 15.86% 0.07x 2.21x GBX-10.63 Million
2014 16.74% 121.21% 0.07x 2.06x GBX11.05 Million
2015 13.13% 105.67% 0.06x 2.05x GBX5.72 Million
2016 6.28% 45.39% 0.07x 2.04x GBX-7.06 Million
2017 3.52% 24.42% 0.07x 2.06x GBX-12.38 Million
2018 9.00% 60.89% 0.07x 2.16x GBX-2.04 Million
2019 -6.62% -39.69% 0.08x 2.15x GBX-31.29 Million
2020 -15.56% -75.44% 0.08x 2.55x GBX-39.63 Million
2021 -0.37% -2.69% 0.06x 2.34x GBX-16.12 Million
2022 6.14% 37.05% 0.08x 2.09x GBX-6.92 Million
2023 -20.90% -94.51% 0.10x 2.17x GBX-43.60 Million
2024 -6.70% -25.06% 0.11x 2.44x GBX-19.97 Million
2025 -3.07% -9.99% 0.12x 2.51x GBX-14.68 Million

Industry Comparison

This section compares Town Centre Securities PLC's net assets metrics with peer companies in the REIT - Diversified industry.

Industry Context

  • Industry: REIT - Diversified
  • Average net assets among peers: $194,913,605
  • Average return on equity (ROE) among peers: 4.23%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Town Centre Securities PLC (TOWN) GBX112.30 Million 2.70% 1.51x $5.80K
AEW UK REIT Plc (AEWU) $167.10 Million -6.78% 0.40x $20.37K
Alternative Income REIT PLC (AIRE) $67.33 Million 10.78% 0.65x $7.81K
abrdn Property Income Trust Ltd. (API) $312.78 Million 10.21% 0.49x $890.56
Custodian REIT PLC (CREI) $415.20 Million 7.81% 0.31x $49.58K
Ground Rents Income Fund PLC (GRIO) $134.81 Million -7.93% 0.00x $2.79K
Palace Capital PLC (PCA) $157.83 Million -3.51% 0.91x $5.27K
Picton Property Income Ltd (PCTN) $214.10 Million 17.44% 1.17x $51.02K
Real Estate Investors PLC (RLE) $125.44 Million 2.92% 0.93x $6.68K
Schroder European Reit Plc (SERE) $164.10 Million 0.35% 0.49x $9.98K
Schroder Real Estate Investment Trust Ltd (SREI) $190.44 Million 10.96% 0.71x $31.42K