Prime US REIT
Prime US REIT ("PRIME") (SGX: OXMU), listed on the Main Board of the Singapore Exchange on 19 July 2019, is a well-diversified real estate investment trust (REIT) focused on stabilised income-producing office assets in the United States (U.S.). With the objective to achieve long-term growth in distributions per unit and net asset value per unit while maintaining a robust capital structure, PRIME … Read more
Prime US REIT (KBSUF) - Net Assets
Latest net assets as of June 2025: $722.91 Million USD
Based on the latest financial reports, Prime US REIT (KBSUF) has net assets worth $722.91 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.42 Billion) and total liabilities ($698.18 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 | $722.91 Million |
| % of Total Assets | 50.87% |
| Annual Growth Rate | -5.75% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 10.99 |
Prime US REIT - Net Assets Trend (2020–2024)
This chart illustrates how Prime US REIT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Prime US REIT (2020–2024)
The table below shows the annual net assets of Prime US REIT from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $716.38 Million | +0.38% |
| 2023-12-31 | $713.65 Million | -20.15% |
| 2022-12-31 | $893.79 Million | -9.82% |
| 2021-12-31 | $991.08 Million | +9.18% |
| 2020-12-31 | $907.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Prime US REIT'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 1329.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $915.19 Million | 127.75% |
| Total Equity | $716.38 Million | 100.00% |
Prime US REIT Competitors by Market Cap
The table below lists competitors of Prime US REIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Air Asia Co Ltd
TW:2630
|
$128.23 Million |
|
FIT Holding Co Ltd
TW:3712
|
$128.24 Million |
|
Shanghai Rightongene Biotechnology Co. Ltd. A
SHG:688217
|
$128.25 Million |
|
CN EVERBRIGHT WATER HD 1
F:BIU2
|
$128.27 Million |
|
RocKontrol Technology Group Co Ltd
SHG:688051
|
$128.14 Million |
|
Greenpanel Industries Limited
NSE:GREENPANEL
|
$128.10 Million |
|
EASY HOLDINGS Co. Ltd
KQ:035810
|
$128.08 Million |
|
Cardiff Oncology Inc
NASDAQ:CRDF
|
$128.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Prime US REIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 713,655,000 to 716,376,000, a change of 2,721,000 (0.4%).
- Net income of 8,049,000 contributed positively to equity growth.
- Dividend payments of 5,344,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.05 Million | +1.12% |
| Dividends Paid | $5.34 Million | -0.75% |
| Other Changes | $16.00K | +0.0% |
| Total Change | $- | 0.38% |
Book Value vs Market Value Analysis
This analysis compares Prime US REIT'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: 0.24x
- 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 |
|---|---|---|---|
| 2020-12-31 | $0.78 | $0.13 | x |
| 2021-12-31 | $0.77 | $0.13 | x |
| 2022-12-31 | $0.69 | $0.13 | x |
| 2023-12-31 | $0.55 | $0.13 | x |
| 2024-12-31 | $0.55 | $0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Prime US REIT 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): 1.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.08%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.95x
- Recent ROE (1.12%) is above the historical average (-1.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 2.56% | 17.04% | 0.09x | 1.59x | $-67.57 Million |
| 2021 | 6.88% | 47.11% | 0.09x | 1.69x | $-30.92 Million |
| 2022 | -3.01% | -17.42% | 0.10x | 1.78x | $-116.30 Million |
| 2023 | -16.23% | -77.18% | 0.10x | 2.02x | $-187.20 Million |
| 2024 | 1.12% | 6.08% | 0.09x | 1.95x | $-63.59 Million |
Industry Comparison
This section compares Prime US REIT's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $1,287,555,700
- Average return on equity (ROE) among peers: 2.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Prime US REIT (KBSUF) | $722.91 Million | 2.56% | 0.97x | $128.15 Million |
| Allied Properties Real Estate Investment Trust (APYRF) | $215.70 Million | 3.58% | 1.33x | $973.59 Million |
| Alexandria Real Estate Equities Inc (ARE) | $1.58 Billion | 5.93% | 1.94x | $7.61 Billion |
| Brandywine Realty Trust (BDN) | $1.69 Billion | 2.03% | 1.41x | $496.31 Million |
| BTB Real Estate Investment Trust (BTBIF) | $248.95 Million | 11.32% | 2.06x | $199.14 Million |
| Boston Properties Inc (BXP) | $3.00 Billion | 14.79% | 1.81x | $7.87 Billion |
| COPT Defense Properties (CDP) | $1.68 Billion | 4.55% | 1.53x | $3.58 Billion |
| City Office (CIO) | $772.63 Million | -0.35% | 0.96x | $2.76 Million |
| CLS Holdings plc (CLIHF) | $929.20 Million | -26.88% | 1.33x | $263.93 Million |
| Creative Media & Community Trust Corporation (CMCT) | $42.90 Million | 0.00% | 0.01x | $114.98K |
| Cromwell Property Group (CMWCF) | $2.71 Billion | 9.71% | 0.86x | $445.64 Million |