TR Property Investment Trust plc
TR Property Investment Trust plc is a closed-ended equity mutual fund launched by F&C Investment Business Ltd. The fund is managed by Thames River Capital LLP. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies that are operating in the real estate sector. It primarily invests in growth stocks of companies across all market capitalizations. The fund als… Read more
TR Property Investment Trust plc (TRY) - Net Assets
Latest net assets as of September 2025: GBX1.12 Billion GBX
Based on the latest financial reports, TR Property Investment Trust plc (TRY) has net assets worth GBX1.12 Billion GBX as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX1.26 Billion) and total liabilities (GBX149.71 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 | GBX1.12 Billion |
| % of Total Assets | 88.16% |
| Annual Growth Rate | 5.6% |
| 5-Year Change | -21.73% |
| 10-Year Change | -2.55% |
| Growth Volatility | 25.24 |
TR Property Investment Trust plc - Net Assets Trend (2000–2025)
This chart illustrates how TR Property Investment Trust 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 TR Property Investment Trust plc (2000–2025)
The table below shows the annual net assets of TR Property Investment Trust plc from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX1.04 Billion | -6.93% |
| 2024-03-31 | GBX1.12 Billion | +15.20% |
| 2023-03-31 | GBX968.35 Million | -38.04% |
| 2022-03-31 | GBX1.56 Billion | +17.82% |
| 2021-03-31 | GBX1.33 Billion | +16.72% |
| 2020-03-31 | GBX1.14 Billion | -14.44% |
| 2019-03-31 | GBX1.33 Billion | +5.79% |
| 2018-03-31 | GBX1.26 Billion | +12.26% |
| 2017-03-31 | GBX1.12 Billion | +4.98% |
| 2016-03-31 | GBX1.07 Billion | +5.48% |
| 2015-03-31 | GBX1.01 Billion | +24.78% |
| 2014-03-31 | GBX809.44 Million | +18.30% |
| 2013-03-31 | GBX684.22 Million | +45.43% |
| 2012-03-31 | GBX470.47 Million | -11.33% |
| 2011-03-31 | GBX530.60 Million | +11.59% |
| 2010-03-31 | GBX475.50 Million | +46.91% |
| 2009-03-31 | GBX323.67 Million | -43.01% |
| 2008-03-31 | GBX567.90 Million | -41.63% |
| 2007-03-31 | GBX972.94 Million | +26.26% |
| 2006-03-31 | GBX770.59 Million | +52.68% |
| 2005-03-31 | GBX504.70 Million | +25.94% |
| 2004-03-31 | GBX400.74 Million | +31.77% |
| 2003-03-31 | GBX304.13 Million | -11.20% |
| 2002-03-31 | GBX342.48 Million | -0.02% |
| 2001-03-31 | GBX342.56 Million | +28.97% |
| 2000-03-31 | GBX265.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TR Property Investment Trust 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 6214.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX871.77 Million | 83.97% |
| Common Stock | GBX79.34 Million | 7.64% |
| Other Components | GBX87.13 Million | 8.39% |
| Total Equity | GBX1.04 Billion | 100.00% |
TR Property Investment Trust plc Competitors by Market Cap
The table below lists competitors of TR Property Investment Trust plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Indonesia Prima Property Tbk
JK:OMRE
|
$386.47 |
|
Northern Upper Egypt Development & Agricultural Production
EGX:NEDA
|
$386.54 |
|
Cykel AI PLC
LSE:CYK
|
$386.67 |
|
Tritium DCFC Limited
PINK:DCFWQ
|
$387.31 |
|
Ukrproduct Group
LSE:UKR
|
$386.16 |
|
Habib Insurance Company Ltd
KAR:HICL
|
$385.76 |
|
MOH
LSE:MOH
|
$385.13 |
|
MacReport.Net Inc
PINK:MRPT
|
$384.95 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TR Property Investment Trust plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,115,503,000 to 1,038,237,000, a change of -77,266,000 (-6.9%).
- Net loss of 27,441,000 reduced equity.
- Dividend payments of 49,825,000 reduced retained earnings.
- Other comprehensive income decreased equity by 43,970,999.
- Other factors increased equity by 43,970,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-27.44 Million | -2.64% |
| Dividends Paid | GBX49.83 Million | -4.8% |
| Other Comprehensive Income | GBX-43.97 Million | -4.24% |
| Other Changes | GBX43.97 Million | +4.24% |
| Total Change | GBX- | -6.93% |
Book Value vs Market Value Analysis
This analysis compares TR Property Investment Trust 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: 98.12x
- 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 400.29x to 98.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-03-31 | GBX0.80 | GBX321.00 | x |
| 2003-03-31 | GBX0.72 | GBX321.00 | x |
| 2004-03-31 | GBX1.03 | GBX321.00 | x |
| 2005-03-31 | GBX1.44 | GBX321.00 | x |
| 2006-03-31 | GBX2.24 | GBX321.00 | x |
| 2007-03-31 | GBX2.83 | GBX321.00 | x |
| 2008-03-31 | GBX2.15 | GBX321.00 | x |
| 2009-03-31 | GBX1.26 | GBX321.00 | x |
| 2010-03-31 | GBX1.85 | GBX321.00 | x |
| 2011-03-31 | GBX2.07 | GBX321.00 | x |
| 2012-03-31 | GBX1.84 | GBX321.00 | x |
| 2013-03-31 | GBX2.49 | GBX321.00 | x |
| 2014-03-31 | GBX2.55 | GBX321.00 | x |
| 2015-03-31 | GBX3.18 | GBX321.00 | x |
| 2016-03-31 | GBX3.36 | GBX321.00 | x |
| 2017-03-31 | GBX3.52 | GBX321.00 | x |
| 2018-03-31 | GBX3.96 | GBX321.00 | x |
| 2019-03-31 | GBX4.19 | GBX321.00 | x |
| 2020-03-31 | GBX3.58 | GBX321.00 | x |
| 2021-03-31 | GBX4.18 | GBX321.00 | x |
| 2022-03-31 | GBX4.92 | GBX321.00 | x |
| 2023-03-31 | GBX3.05 | GBX321.00 | x |
| 2024-03-31 | GBX3.52 | GBX321.00 | x |
| 2025-03-31 | GBX3.27 | GBX321.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TR Property Investment Trust 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): -2.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.01x
- • Equity Multiplier: 1.12x
- Recent ROE (-2.64%) is below the historical average (6.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 38.30% | 93.91% | 0.33x | 1.23x | GBX113.42 Million |
| 2005 | 23.62% | 87.85% | 0.23x | 1.19x | GBX68.75 Million |
| 2006 | 36.30% | 92.02% | 0.34x | 1.15x | GBX202.66 Million |
| 2007 | 24.44% | 90.45% | 0.24x | 1.12x | GBX140.50 Million |
| 2008 | -31.90% | 0.00% | -0.32x | 1.07x | GBX-237.96 Million |
| 2009 | -70.09% | 0.00% | -0.63x | 1.06x | GBX-259.21 Million |
| 2010 | 35.04% | 94.04% | 0.33x | 1.12x | GBX119.05 Million |
| 2011 | 13.32% | 89.04% | 0.14x | 1.09x | GBX17.62 Million |
| 2012 | -9.46% | 0.00% | -0.07x | 1.12x | GBX-91.55 Million |
| 2013 | 17.13% | 95.22% | 0.16x | 1.11x | GBX48.80 Million |
| 2014 | 18.38% | 97.90% | 0.17x | 1.11x | GBX67.87 Million |
| 2015 | 22.23% | 98.07% | 0.21x | 1.09x | GBX123.57 Million |
| 2016 | 7.55% | 94.39% | 0.07x | 1.08x | GBX-26.08 Million |
| 2017 | 7.42% | 84.72% | 0.08x | 1.06x | GBX-28.86 Million |
| 2018 | 13.72% | 88.01% | 0.14x | 1.09x | GBX46.65 Million |
| 2019 | 8.45% | 84.10% | 0.10x | 1.05x | GBX-20.62 Million |
| 2020 | -13.02% | 0.00% | -0.10x | 1.10x | GBX-261.65 Million |
| 2021 | 17.67% | 92.31% | 0.17x | 1.12x | GBX101.77 Million |
| 2022 | 18.03% | 98.06% | 0.17x | 1.08x | GBX125.41 Million |
| 2023 | -56.52% | 0.00% | -0.51x | 1.09x | GBX-644.10 Million |
| 2024 | 17.60% | 85.99% | 0.19x | 1.07x | GBX84.80 Million |
| 2025 | -2.64% | 0.00% | -0.01x | 1.12x | GBX-131.26 Million |
Industry Comparison
This section compares TR Property Investment Trust plc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $395,694,700
- Average return on equity (ROE) among peers: -81.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TR Property Investment Trust plc (TRY) | GBX1.12 Billion | 38.30% | 0.13x | $386.46 |
| 3I Infrastructure PLC (3IN) | $1.09 Billion | 8.57% | 0.18x | $396.99K |
| 450 PLC (450) | $1.30 Million | -791.13% | 5.03x | $1.71K |
| abrdn Asian Income Fund Limited (AAIF) | $431.48 Million | 11.10% | 0.09x | $315.37 |
| Abrdn Asia Focus PLC (AAS) | $464.40 Million | -2.37% | 0.15x | $434.78 |
| Albion Technology & General VCT PLC (AATG) | $34.46 Million | 4.41% | 0.01x | $78.71 |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $492.42 Million | 0.00% | 0.32x | $16.61 |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $2.38K |
| Aquila European Renewables Income PLC (AERI) | $320.23 Million | -9.29% | 0.00x | $2.45K |
| Artemis UK Future Leaders plc (AFL) | $84.35 Million | -40.52% | 0.02x | $401.26 |
| AVI Global Trust PLC (AGT) | $938.94 Million | 2.59% | 0.12x | $2.83 Million |