Ascendas Real Estate Investment Trust
CapitaLand Ascendas REIT (CLAR) is Singapore's first and largest listed business space and industrial real estate investment trust. It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in November 2002. CLAR has since grown to be a global REIT anchored in Singapore, with a strong focus on technology and logistics properties in developed markets. As at 31 December 2025, its … Read more
Ascendas Real Estate Investment Trust (ACDSF) - Net Assets
Latest net assets as of December 2025: $10.85 Billion USD
Based on the latest financial reports, Ascendas Real Estate Investment Trust (ACDSF) has net assets worth $10.85 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($19.85 Billion) and total liabilities ($9.00 Billion). 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 | $10.85 Billion |
| % of Total Assets | 54.68% |
| Annual Growth Rate | 6.95% |
| 5-Year Change | 5.62% |
| 10-Year Change | 87.62% |
| Growth Volatility | 9.09 |
Ascendas Real Estate Investment Trust - Net Assets Trend (2013–2025)
This chart illustrates how Ascendas Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ascendas Real Estate Investment Trust (2013–2025)
The table below shows the annual net assets of Ascendas Real Estate Investment Trust from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $10.85 Billion | +5.29% |
| 2024-12-31 | $10.31 Billion | +0.86% |
| 2023-12-31 | $10.22 Billion | -0.45% |
| 2022-12-31 | $10.27 Billion | -0.10% |
| 2021-12-31 | $10.28 Billion | +11.82% |
| 2020-12-31 | $9.19 Billion | +32.31% |
| 2018-12-31 | $6.95 Billion | +6.88% |
| 2017-12-31 | $6.50 Billion | +2.58% |
| 2016-12-31 | $6.34 Billion | +9.50% |
| 2015-12-31 | $5.79 Billion | +15.39% |
| 2014-12-31 | $5.01 Billion | +3.40% |
| 2013-12-31 | $4.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ascendas 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $10.85 Billion | 100.00% |
| Total Equity | $10.85 Billion | 100.00% |
Ascendas Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Ascendas Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IREN Limited
F:F8P
|
$9.41 Billion |
|
DocuSign Inc
NASDAQ:DOCU
|
$9.41 Billion |
|
Agree Realty Corporation
NYSE:ADC
|
$9.41 Billion |
|
Equitable Holdings Inc
F:AXJ
|
$9.41 Billion |
|
Snam S.p.A
PINK:SNMRF
|
$9.39 Billion |
|
Unipol Gruppo Finanziario Spa
F:UIPN
|
$9.38 Billion |
|
Adani Power Limited
NSE:ADANIPOWER
|
$9.37 Billion |
|
Polski Koncern Naftowy ORLEN Spólka Akcyjna
PINK:PSKOF
|
$9.35 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ascendas Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,307,844,000 to 10,852,462,000, a change of 544,618,000 (5.3%).
- Net income of 779,716,000 contributed positively to equity growth.
- Dividend payments of 669,086,000 reduced retained earnings.
- New share issuances of 500,002,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $779.72 Million | +7.18% |
| Dividends Paid | $669.09 Million | -6.17% |
| Share Issuances | $500.00 Million | +4.61% |
| Other Changes | $-66.01 Million | -0.61% |
| Total Change | $- | 5.28% |
Book Value vs Market Value Analysis
This analysis compares Ascendas 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: 0.87x
- 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 |
|---|---|---|---|
| 2015-12-31 | $0.00 | $2.04 | x |
| 2016-12-31 | $2.12 | $2.04 | x |
| 2017-12-31 | $2.17 | $2.04 | x |
| 2018-12-31 | $2.18 | $2.04 | x |
| 2020-12-31 | $2.29 | $2.04 | x |
| 2021-12-31 | $2.45 | $2.04 | x |
| 2022-12-31 | $2.44 | $2.04 | x |
| 2023-12-31 | $2.33 | $2.04 | x |
| 2024-12-31 | $2.34 | $2.04 | x |
| 2025-12-31 | $2.35 | $2.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ascendas 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): 7.18%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.68%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.83x
- Recent ROE (7.18%) is above the historical average (6.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.94% | 78.55% | 0.08x | 1.52x | $-2.89 Million |
| 2014 | 7.93% | 59.04% | 0.08x | 1.63x | $-103.76 Million |
| 2015 | 5.95% | 45.22% | 0.08x | 1.71x | $-234.38 Million |
| 2016 | 6.75% | 51.47% | 0.08x | 1.61x | $-206.03 Million |
| 2017 | 7.60% | 57.31% | 0.08x | 1.59x | $-155.75 Million |
| 2018 | 7.24% | 56.77% | 0.08x | 1.64x | $-191.51 Million |
| 2020 | 4.97% | 43.55% | 0.07x | 1.65x | $-461.98 Million |
| 2021 | 9.31% | 78.03% | 0.07x | 1.73x | $-70.68 Million |
| 2022 | 7.41% | 56.21% | 0.08x | 1.74x | $-266.28 Million |
| 2023 | 1.65% | 11.37% | 0.08x | 1.79x | $-853.75 Million |
| 2024 | 7.41% | 50.17% | 0.08x | 1.77x | $-266.68 Million |
| 2025 | 7.18% | 50.68% | 0.08x | 1.83x | $-305.53 Million |
Industry Comparison
This section compares Ascendas Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $7,982,594,778
- Average return on equity (ROE) among peers: 9.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ascendas Real Estate Investment Trust (ACDSF) | $10.85 Billion | 9.94% | 0.83x | $9.40 Billion |
| BWP Trust (BUNNF) | $2.84 Billion | 9.35% | 0.32x | $1.54 Billion |
| Big Yellow Group Plc (BYLOF) | $1.45 Billion | 18.24% | 0.27x | $2.16 Billion |
| Fibra Terrafina (CBAOF) | $24.78 Billion | 3.83% | 0.61x | $1.16 Billion |
| ESR-REIT (CGIUF) | $1.66 Billion | 0.37% | 0.95x | $119.59 Million |
| Americold Realty Trust (COLD) | $706.75 Million | 6.79% | 2.58x | $3.22 Billion |
| CubeSmart (CUBE) | $2.95 Billion | 13.24% | 1.16x | $8.79 Billion |
| FIBRA Macquarie México (DBMBF) | $36.33 Billion | 10.92% | 0.46x | $1.13 Billion |
| DHAWF (DHAWF) | $549.25 Million | 4.93% | 1.21x | $146.66 Million |
| Dream Industrial Real Estate Investment Trust (DREUF) | $570.82 Million | 14.71% | 1.79x | $2.10 Billion |